Denali Advisors LLC Trims Position in Capital Southwest Co. (NASDAQ:CSWC)

Denali Advisors LLC trimmed its position in Capital Southwest Co. (NASDAQ:CSWC - Free Report) by 16.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 104,496 shares of the asset manager's stock after selling 20,157 shares during the quarter. Denali Advisors LLC owned approximately 0.22% of Capital Southwest worth $2,280,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Quarry LP acquired a new stake in Capital Southwest during the third quarter worth approximately $35,000. Nisa Investment Advisors LLC acquired a new position in shares of Capital Southwest in the 3rd quarter valued at $106,000. Hollencrest Capital Management grew its position in shares of Capital Southwest by 8.6% in the 3rd quarter. Hollencrest Capital Management now owns 6,527 shares of the asset manager's stock valued at $165,000 after buying an additional 518 shares during the last quarter. Blue Trust Inc. lifted its position in Capital Southwest by 36.3% in the fourth 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 last quarter. Finally, Creative Planning boosted its stake in Capital Southwest by 4.2% in the third quarter. Creative Planning now owns 11,161 shares of the asset manager's stock valued at $282,000 after acquiring an additional 452 shares in the last quarter. 23.42% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut Capital Southwest from a "hold" rating to a "sell" rating in a research report on Tuesday, February 25th.

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Capital Southwest Stock Performance

Shares of CSWC traded up $0.23 during mid-day trading on Friday, reaching $23.29. 891,284 shares of the company's stock were exchanged, compared to its average volume of 484,885. The business's fifty day simple moving average is $22.51 and its 200-day simple moving average is $23.60. The stock has a market capitalization of $1.18 billion, a PE ratio of 16.52 and a beta of 1.24. Capital Southwest Co. has a 52-week low of $20.68 and a 52-week 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.

Capital Southwest (NASDAQ:CSWC - Get Free Report) last issued its quarterly earnings data on Monday, February 3rd. The asset manager reported $0.63 earnings per share (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 research analysts expect that Capital Southwest Co. will post 2.54 earnings per share for the current year.

Capital Southwest Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be given a $0.58 dividend. This represents a $2.32 annualized dividend and a yield of 9.96%. The ex-dividend date is Friday, March 14th. Capital Southwest's dividend payout ratio (DPR) is presently 164.54%.

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.