Capital Southwest (NASDAQ:CSWC) Sets New 52-Week Low - Here's What Happened

Capital Southwest Co. (NASDAQ:CSWC - Get Free Report)'s share price reached a new 52-week low on Thursday . The company traded as low as $17.46 and last traded at $19.73, with a volume of 1008444 shares trading hands. The stock had previously closed at $17.99.

Analyst Upgrades and Downgrades

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

Capital Southwest Trading Up 3.5 %

The company has a market cap of $1.01 billion, a price-to-earnings ratio of 14.12 and a beta of 0.99. The company has a quick ratio of 0.18, a current ratio of 0.18 and a debt-to-equity ratio of 0.64. The business's fifty day simple moving average is $22.06 and its two-hundred day simple moving average is $22.79.

Capital Southwest (NASDAQ:CSWC - Get Free Report) last announced its quarterly earnings results on Monday, February 3rd. The asset manager reported $0.63 EPS 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%. On average, equities analysts predict that Capital Southwest Co. will post 2.54 EPS for the current year.

Capital Southwest Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were given a $0.58 dividend. 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 11.67%. Capital Southwest's dividend payout ratio (DPR) is presently 164.54%.

Hedge Funds Weigh In On Capital Southwest

A number of hedge funds have recently modified their holdings of the business. Focus Partners Wealth boosted its stake in Capital Southwest by 6.6% during the 4th quarter. Focus Partners Wealth now owns 9,464 shares of the asset manager's stock worth $207,000 after purchasing an additional 585 shares during the period. Capital Analysts LLC grew its holdings in shares of Capital Southwest by 35.6% during the fourth quarter. Capital Analysts LLC now owns 2,550 shares of the asset manager's stock worth $56,000 after buying an additional 669 shares during the last quarter. Quarry LP raised its stake in Capital Southwest by 52.5% during the 4th quarter. Quarry LP now owns 2,126 shares of the asset manager's stock valued at $46,000 after acquiring an additional 732 shares during the last quarter. Guggenheim Capital LLC lifted its position in Capital Southwest by 5.6% during the 4th quarter. Guggenheim Capital LLC now owns 23,612 shares of the asset manager's stock worth $515,000 after acquiring an additional 1,246 shares during the period. Finally, Barclays PLC grew its stake in shares of Capital Southwest by 1.7% in the 3rd quarter. Barclays PLC now owns 76,083 shares of the asset manager's stock valued at $1,924,000 after purchasing an additional 1,263 shares during the last quarter. 23.42% of the stock is currently owned by hedge funds and other institutional investors.

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.