Capital Southwest Corporation $CSWC Stock Sold by Sanders Morris Harris LLC

Sanders Morris Harris LLC lowered its holdings in shares of Capital Southwest Corporation (NASDAQ:CSWC) by 12.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 665,694 shares of the asset manager’s stock after selling 94,298 shares during the quarter. Capital Southwest accounts for about 2.0% of Sanders Morris Harris LLC’s portfolio, making the stock its 9th biggest position. Sanders Morris Harris LLC owned about 1.04% of Capital Southwest worth $15,398,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in CSWC. Womack Financial LLC boosted its stake in Capital Southwest by 3.8% in the 3rd quarter. Womack Financial LLC now owns 239,347 shares of the asset manager’s stock worth $5,536,000 after purchasing an additional 8,809 shares during the period. Confluence Investment Management LLC boosted its stake in shares of Capital Southwest by 9.7% during the 3rd quarter. Confluence Investment Management LLC now owns 104,570 shares of the asset manager’s stock worth $2,419,000 after buying an additional 9,208 shares during the last quarter. Sequoia Financial Advisors LLC acquired a new stake in shares of Capital Southwest in the second quarter valued at about $210,000. Arlington Capital Management Inc. grew its stake in Capital Southwest by 12.2% in the second quarter. Arlington Capital Management Inc. now owns 24,202 shares of the asset manager’s stock valued at $575,000 after purchasing an additional 2,637 shares in the last quarter. Finally, Squarepoint Ops LLC raised its stake in shares of Capital Southwest by 12.5% during the 2nd quarter. Squarepoint Ops LLC now owns 10,845 shares of the asset manager’s stock worth $258,000 after purchasing an additional 1,208 shares in the last quarter. Institutional investors and hedge funds own 23.42% of the company’s stock.

Insiders Place Their Bets

In other Capital Southwest news, Director William Thomas, III purchased 2,170 shares of the company’s stock in a transaction on Thursday, October 1st. The shares were purchased at an average cost of $23.04 per share, with a total value of $49,996.80. Following the completion of the purchase, the director owned 22,842 shares in the company, valued at $526,279.68. This represents a 10.50% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 2.70% of the company’s stock.

Analysts Set New Price Targets

CSWC has been the subject of several research analyst reports. B. Riley Financial lifted their target price on Capital Southwest from $24.50 to $25.50 and gave the stock a “buy” rating in a research note on Wednesday, August 5th. Citigroup restated a “market outperform” rating on shares of Capital Southwest in a research report on Wednesday, August 5th. Weiss Ratings cut Capital Southwest from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday. UBS Group boosted their target price on shares of Capital Southwest from $23.50 to $24.00 and gave the company a “neutral” rating in a research report on Friday, October 9th. Finally, Citizens Jmp raised their target price on shares of Capital Southwest from $25.00 to $26.00 and gave the stock a “market outperform” rating in a report on Wednesday, August 5th. Six equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $24.10.

Capital Southwest Price Performance

Shares of NASDAQ CSWC traded down $0.08 during midday trading on Wednesday, reaching $23.42. 445,379 shares of the company were exchanged, compared to its average volume of 646,357. The stock’s 50-day moving average price is $24.24 and its 200-day moving average price is $23.69. The stock has a market cap of $1.49 billion, a P/E ratio of 12.94 and a beta of 0.71. The company has a quick ratio of 0.17, a current ratio of 0.17 and a debt-to-equity ratio of 0.62. Capital Southwest Corporation has a one year low of $19.91 and a one year high of $25.75.

Capital Southwest (NASDAQ:CSWC) last released its quarterly earnings results on Monday, August 3rd. The asset manager reported $0.58 earnings per share for the quarter, topping the consensus estimate of $0.56 by $0.02. The company had revenue of $61.05 million for the quarter, compared to analysts’ expectations of $61.22 million. Capital Southwest had a return on equity of 13.88% and a net margin of 46.68%. During the same period in the previous year, the business posted $0.61 earnings per share. On average, sell-side analysts anticipate that Capital Southwest Corporation will post 2.27 earnings per share for the current fiscal year.

Capital Southwest Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Thursday, December 31st. Shareholders of record on Tuesday, December 15th will be given a dividend of $0.1934 per share. The ex-dividend date of this dividend is Tuesday, December 15th. This represents a $2.32 dividend on an annualized basis and a yield of 9.9%. Capital Southwest’s dividend payout ratio is 128.18%.

Capital Southwest Profile

Capital Southwest Corporation (NASDAQ: CSWC) is an internally managed business development company (BDC) that provides financing and investment solutions to middle-market companies. The company primarily invests in privately held businesses through secured debt, including first-lien, second-lien and unitranche loans, as well as subordinated debt and equity investments.

Capital Southwest generally focuses on established lower-middle-market companies in the United States. Its portfolio companies operate across a range of industries, and the company seeks to support acquisitions, recapitalizations, growth initiatives and other strategic or general corporate purposes through customized financing arrangements.

Founded in 1961, Capital Southwest has a long history as an investment company and operates under the regulatory framework governing BDCs.