Advisors Asset Management Inc. Sells 33,063 Shares of Capital Southwest Co. (NASDAQ:CSWC)

Advisors Asset Management Inc. reduced its holdings in shares of Capital Southwest Co. (NASDAQ:CSWC - Free Report) by 18.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 149,543 shares of the asset manager's stock after selling 33,063 shares during the period. Advisors Asset Management Inc. owned 0.30% of Capital Southwest worth $3,263,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the business. Promus Capital LLC bought a new stake in shares of Capital Southwest during the 4th quarter valued at about $30,000. Quarry LP acquired a new stake in shares of Capital Southwest during the 3rd quarter worth approximately $35,000. Rialto Wealth Management LLC bought a new stake in shares of Capital Southwest in the 4th quarter valued at $105,000. Blue Trust Inc. lifted its position in shares of Capital Southwest by 36.3% during the 4th quarter. Blue Trust Inc. now owns 9,741 shares of the asset manager's stock valued at $213,000 after acquiring an additional 2,594 shares during the period. Finally, Catalina Capital Group LLC bought a new position in Capital Southwest during the fourth quarter worth $289,000. 23.42% of the stock is owned by institutional investors.

Capital Southwest Price Performance

Shares of CSWC stock traded up $0.05 during trading hours on Wednesday, reaching $22.53. The stock had a trading volume of 498,637 shares, compared to its average volume of 375,748. The firm has a market capitalization of $1.14 billion, a PE ratio of 15.98 and a beta of 1.21. The company has a current ratio of 0.18, a quick ratio of 0.18 and a debt-to-equity ratio of 0.64. The stock's fifty day simple moving average is $22.69 and its 200 day simple moving average is $23.30. Capital Southwest Co. has a 12 month low of $20.68 and a 12 month high of $27.23.

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Capital Southwest (NASDAQ:CSWC - Get Free Report) last announced its quarterly earnings data on Monday, February 3rd. The asset manager reported $0.63 earnings per share for the quarter, topping analysts' consensus estimates of $0.62 by $0.01. Capital Southwest had a net margin of 33.49% and a return on equity of 15.18%. On average, equities research analysts predict 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. Investors of record on Friday, March 14th will be issued a $0.58 dividend. The ex-dividend date is Friday, March 14th. This represents a $2.32 dividend on an annualized basis and a yield of 10.30%. Capital Southwest's dividend payout ratio is presently 164.54%.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded Capital Southwest from a "hold" rating to a "sell" rating in a report on Monday.

Capital Southwest Profile

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.