Sanders Morris Harris LLC Sells 351,181 Shares of Capital Southwest Corporation $CSWC

Sanders Morris Harris LLC cut its stake in shares of Capital Southwest Corporation (NASDAQ:CSWC) by 31.6% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 759,992 shares of the asset manager’s stock after selling 351,181 shares during the quarter. Capital Southwest makes up 10.5% of Sanders Morris Harris LLC’s holdings, making the stock its 2nd biggest holding. Sanders Morris Harris LLC’s holdings in Capital Southwest were worth $18,065,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Triumph Capital Management purchased a new position in shares of Capital Southwest in the 3rd quarter worth $28,000. Tower Research Capital LLC TRC boosted its holdings in Capital Southwest by 13,307.1% in the second quarter. Tower Research Capital LLC TRC now owns 1,877 shares of the asset manager’s stock valued at $41,000 after acquiring an additional 1,863 shares during the last quarter. Osbon Capital Management LLC purchased a new stake in Capital Southwest during the fourth quarter valued at about $55,000. CENTRAL TRUST Co purchased a new stake in Capital Southwest during the first quarter valued at about $60,000. Finally, PNC Financial Services Group Inc. increased its stake in Capital Southwest by 197.2% during the first quarter. PNC Financial Services Group Inc. now owns 4,654 shares of the asset manager’s stock worth $103,000 after acquiring an additional 3,088 shares during the last quarter. 23.42% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

CSWC has been the topic of a number of research reports. Citizens Jmp raised their price objective on Capital Southwest from $25.00 to $26.00 and gave the stock a “market outperform” rating in a report on Wednesday. B. Riley Financial increased their target price on shares of Capital Southwest from $24.50 to $25.50 and gave the stock a “buy” rating in a research report on Wednesday. Citigroup restated a “market outperform” rating on shares of Capital Southwest in a report on Wednesday. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Capital Southwest in a research report on Thursday, June 18th. Six investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $23.83.

Capital Southwest Stock Down 1.2%

Shares of NASDAQ CSWC opened at $24.42 on Thursday. The stock has a fifty day moving average price of $23.57 and a 200 day moving average price of $23.16. The company has a current ratio of 0.17, a quick ratio of 0.11 and a debt-to-equity ratio of 0.62. Capital Southwest Corporation has a 12-month low of $19.37 and a 12-month high of $24.86. The company has a market cap of $1.56 billion, a P/E ratio of 13.49 and a beta of 0.69.

Capital Southwest Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be paid a $0.1934 dividend. The ex-dividend date is Tuesday, September 15th. This represents a c) dividend on an annualized basis and a dividend yield of 9.5%. Capital Southwest’s dividend payout ratio (DPR) is 122.11%.

About Capital Southwest

Capital Southwest (NASDAQ: CSWC) is a publicly traded investment firm structured as a business development company (BDC) that provides customized financing solutions to middle-market companies across the United States. The firm offers a spectrum of debt and equity capital, including senior secured loans, mezzanine debt, and both preferred and common equity investments. By partnering with corporate management teams, Capital Southwest seeks to support growth initiatives, recapitalizations, acquisitions, and ownership transitions.

Founded in 1961 and headquartered in Dallas, Texas, Capital Southwest has cultivated a track record of long-term partnerships with privately held businesses and select public companies.