Advisors Asset Management Inc. Trims Holdings in Capital Southwest Co. (NASDAQ:CSWC)

Advisors Asset Management Inc. reduced its holdings in shares of Capital Southwest Co. (NASDAQ:CSWC) by 18.1% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 149,543 shares of the asset manager’s stock after selling 33,063 shares during the period. Advisors Asset Management Inc.’s holdings in Capital Southwest were worth $3,263,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Benjamin Edwards Inc. raised its position in shares of Capital Southwest by 970.6% during the 3rd quarter. Benjamin Edwards Inc. now owns 80,201 shares of the asset manager’s stock valued at $2,028,000 after acquiring an additional 72,710 shares in the last quarter. Quarry LP acquired a new stake in shares of Capital Southwest during the 3rd quarter valued at approximately $35,000. Hodges Capital Management Inc. raised its position in shares of Capital Southwest by 7.8% during the 3rd quarter. Hodges Capital Management Inc. now owns 78,305 shares of the asset manager’s stock valued at $1,980,000 after acquiring an additional 5,679 shares in the last quarter. MML Investors Services LLC raised its position in shares of Capital Southwest by 124.2% during the 3rd quarter. MML Investors Services LLC now owns 102,730 shares of the asset manager’s stock valued at $2,598,000 after acquiring an additional 56,919 shares in the last quarter. Finally, Barclays PLC raised its position in shares of Capital Southwest by 1.7% during the 3rd quarter. Barclays PLC now owns 76,083 shares of the asset manager’s stock valued at $1,924,000 after acquiring an additional 1,263 shares in the last quarter. 23.42% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised Capital Southwest from a “sell” rating to a “hold” rating in a research report on Wednesday, March 5th.

Capital Southwest Price Performance

Shares of NASDAQ CSWC opened at $22.30 on Friday. Capital Southwest Co. has a 1-year low of $20.68 and a 1-year high of $27.23. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.18 and a quick ratio of 0.18. The business’s fifty day moving average price is $22.67 and its two-hundred day moving average price is $23.37. The firm has a market capitalization of $1.13 billion, a PE ratio of 15.82 and a beta of 1.21.

Capital Southwest (NASDAQ:CSWC) last issued its earnings results on Monday, February 3rd. The asset manager reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.62 by $0.01. Capital Southwest had a return on equity of 15.18% and a net margin of 33.49%. On average, research analysts expect that Capital Southwest Co. will post 2.54 EPS for the current year.

Capital Southwest Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be issued a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a dividend yield of 10.40%. The ex-dividend date of this dividend is Friday, March 14th. Capital Southwest’s dividend payout ratio (DPR) is 164.54%.

About Capital Southwest

Capital Southwest Corporation is a business development company specializing in credit and private equity and venture capital investments in middle market companies, mezzanine, later stage, mature, late venture, emerging growth, buyouts, industry consolidation, recapitalizations and growth capital investments.