Capital Southwest Co. (NASDAQ:CSWC) Stock Position Lessened by Hennion & Walsh Asset Management Inc.

Hennion & Walsh Asset Management Inc. lowered its stake in Capital Southwest Co. (NASDAQ:CSWC - Free Report) by 14.5% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 179,426 shares of the asset manager's stock after selling 30,382 shares during the quarter. Hennion & Walsh Asset Management Inc. owned about 0.38% of Capital Southwest worth $3,915,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of CSWC. Harbor Capital Advisors Inc. lifted its holdings in Capital Southwest by 146.7% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 387,647 shares of the asset manager's stock worth $9,804,000 after buying an additional 230,513 shares in the last quarter. Van ECK Associates Corp lifted its stake in shares of Capital Southwest by 8.8% in the third quarter. Van ECK Associates Corp now owns 1,152,153 shares of the asset manager's stock worth $29,483,000 after acquiring an additional 92,936 shares in the last quarter. Marshall Wace LLP acquired a new position in shares of Capital Southwest in the second quarter worth about $1,937,000. Benjamin Edwards Inc. boosted its holdings in Capital Southwest by 970.6% in the third quarter. Benjamin Edwards Inc. now owns 80,201 shares of the asset manager's stock valued at $2,028,000 after purchasing an additional 72,710 shares during the last quarter. Finally, MML Investors Services LLC grew its stake in 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 purchasing an additional 56,919 shares in the last quarter. 23.42% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, B. Riley upped their target price on Capital Southwest from $24.00 to $24.50 and gave the company a "neutral" rating in a research report on Wednesday, October 30th.

Capital Southwest Stock Performance

Shares of NASDAQ:CSWC traded down $0.03 on Friday, reaching $22.49. 304,832 shares of the company's stock were exchanged, compared to its average volume of 392,302. Capital Southwest Co. has a fifty-two week low of $20.68 and a fifty-two week high of $27.23. The business's 50-day moving average is $22.38 and its two-hundred day moving average is $24.23. The company has a quick ratio of 0.16, a current ratio of 0.16 and a debt-to-equity ratio of 0.35. The firm has a market capitalization of $1.07 billion, a price-to-earnings ratio of 13.71 and a beta of 1.24.

Capital Southwest (NASDAQ:CSWC - Get Free Report) last released its quarterly earnings data on Monday, October 28th. The asset manager reported $0.66 earnings per share for the quarter, topping the consensus estimate of $0.65 by $0.01. The firm had revenue of $48.71 million for the quarter, compared to analyst estimates of $49.79 million. Capital Southwest had a net margin of 37.77% and a return on equity of 15.54%. During the same quarter in the prior year, the business earned $0.69 earnings per share. As a group, equities research analysts forecast that Capital Southwest Co. will post 2.53 EPS for the current year.

Capital Southwest Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th were issued a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a dividend yield of 11.20%. The ex-dividend date of this dividend was Friday, December 13th. Capital Southwest's dividend payout ratio (DPR) is 141.46%.

Capital Southwest Company 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.