LPL Financial LLC Has $3.69 Million Stock Position in Capital Southwest Co. (NASDAQ:CSWC)

LPL Financial LLC decreased its position in Capital Southwest Co. (NASDAQ:CSWC - Free Report) by 11.9% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 169,054 shares of the asset manager's stock after selling 22,942 shares during the quarter. LPL Financial LLC owned about 0.33% of Capital Southwest worth $3,689,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in CSWC. Samalin Investment Counsel LLC lifted its stake in shares of Capital Southwest by 10.9% in the 4th quarter. Samalin Investment Counsel LLC now owns 22,704 shares of the asset manager's stock valued at $495,000 after purchasing an additional 2,228 shares during the last quarter. Quantbot Technologies LP lifted its holdings in Capital Southwest by 190.1% in the 4th quarter. Quantbot Technologies LP now owns 36,631 shares of the asset manager's stock worth $799,000 after purchasing an additional 24,006 shares during the last quarter. Corient Private Wealth LLC grew its holdings in Capital Southwest by 49.6% during the fourth quarter. Corient Private Wealth LLC now owns 16,581 shares of the asset manager's stock valued at $362,000 after purchasing an additional 5,494 shares during the last quarter. Naviter Wealth LLC bought a new position in shares of Capital Southwest in the fourth quarter valued at approximately $1,823,000. Finally, Rialto Wealth Management LLC bought a new stake in shares of Capital Southwest during the 4th quarter worth $105,000. Institutional investors and hedge funds own 23.42% of the company's stock.

Analysts Set New Price Targets

Separately, StockNews.com cut shares of Capital Southwest from a "hold" rating to a "sell" rating in a report on Friday, April 11th.

Capital Southwest Stock Performance

Shares of NASDAQ:CSWC traded down $0.13 on Wednesday, hitting $19.63. 37,002 shares of the company were exchanged, compared to its average volume of 412,616. The firm has a market capitalization of $992.67 million, a price-to-earnings ratio of 13.92 and a beta of 0.99. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.18 and a current ratio of 0.18. Capital Southwest Co. has a one year low of $17.46 and a one year high of $27.23. The company's 50 day moving average price is $22.00 and its two-hundred day moving average price is $22.77.

Capital Southwest (NASDAQ:CSWC - Get Free Report) last posted its quarterly earnings data 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 net margin of 33.49% and a return on equity of 15.18%. Research analysts expect that Capital Southwest Co. will post 2.54 earnings per share for the current year.

Capital Southwest Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were given a dividend of $0.58 per share. The ex-dividend date of this dividend was Friday, March 14th. This represents a $2.32 dividend on an annualized basis and a dividend yield of 11.82%. Capital Southwest's payout ratio is currently 164.54%.

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.