Legal & General Group Plc Lowers Holdings in Capital Southwest Co. (NASDAQ:CSWC)

Legal & General Group Plc lessened its stake in Capital Southwest Co. (NASDAQ:CSWC - Free Report) by 6.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 310,285 shares of the asset manager's stock after selling 22,138 shares during the quarter. Legal & General Group Plc owned 0.61% of Capital Southwest worth $6,769,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Franklin Resources Inc. raised its holdings in Capital Southwest by 34.6% in the 4th quarter. Franklin Resources Inc. now owns 207,330 shares of the asset manager's stock worth $4,524,000 after acquiring an additional 53,292 shares during the last quarter. Brown Brothers Harriman & Co. purchased a new stake in shares of Capital Southwest during the fourth quarter valued at $59,000. Nomura Asset Management Co. Ltd. increased its holdings in Capital Southwest by 243.2% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 2,217 shares of the asset manager's stock worth $48,000 after buying an additional 1,571 shares in the last quarter. JPMorgan Chase & Co. raised its position in Capital Southwest by 934.8% in the 4th quarter. JPMorgan Chase & Co. now owns 39,259 shares of the asset manager's stock worth $857,000 after buying an additional 35,465 shares during the last quarter. Finally, Samalin Investment Counsel LLC boosted its holdings in shares of Capital Southwest by 10.9% during the 4th quarter. Samalin Investment Counsel LLC now owns 22,704 shares of the asset manager's stock valued at $495,000 after acquiring an additional 2,228 shares during the last quarter. Institutional investors own 23.42% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. StockNews.com upgraded shares of Capital Southwest from a "sell" rating to a "hold" rating in a report on Saturday, April 19th. UBS Group cut their price objective on Capital Southwest from $23.50 to $20.50 and set a "neutral" rating for the company in a report on Thursday, April 17th.

Capital Southwest Stock Performance

Shares of Capital Southwest stock traded up $0.36 on Thursday, hitting $20.01. 111,885 shares of the company's stock were exchanged, compared to its average volume of 425,312. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.18 and a current ratio of 0.18. The stock has a market capitalization of $1.01 billion, a PE ratio of 14.16 and a beta of 0.99. Capital Southwest Co. has a 1 year low of $17.46 and a 1 year high of $27.23. The company has a 50-day simple moving average of $21.56 and a 200-day simple moving average of $22.55.

Capital Southwest (NASDAQ:CSWC - Get Free Report) last released its quarterly earnings results on Monday, February 3rd. The asset manager reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.62 by $0.01. Capital Southwest had a return on equity of 15.18% and a net margin of 33.49%. As a group, equities analysts anticipate that Capital Southwest Co. will post 2.54 EPS for the current year.

Capital Southwest Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders 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 11.59%. Capital Southwest's payout ratio is currently 164.54%.

About Capital Southwest

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.