Hennion & Walsh Asset Management Inc. Sells 23,411 Shares of Capital Southwest Co. (NASDAQ:CSWC)

Hennion & Walsh Asset Management Inc. lowered its stake in shares of Capital Southwest Co. (NASDAQ:CSWC - Free Report) by 10.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 209,808 shares of the asset manager's stock after selling 23,411 shares during the quarter. Hennion & Walsh Asset Management Inc. owned about 0.46% of Capital Southwest worth $5,306,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Van ECK Associates Corp grew its holdings in shares of Capital Southwest by 25.0% during the 2nd quarter. Van ECK Associates Corp now owns 1,059,217 shares of the asset manager's stock worth $27,635,000 after purchasing an additional 211,992 shares in the last quarter. Sound Income Strategies LLC boosted its stake in Capital Southwest by 1.2% during the third quarter. Sound Income Strategies LLC now owns 562,079 shares of the asset manager's stock worth $14,215,000 after buying an additional 6,692 shares in the last quarter. Tectonic Advisors LLC increased its holdings in Capital Southwest by 6.1% in the 1st quarter. Tectonic Advisors LLC now owns 256,698 shares of the asset manager's stock valued at $6,407,000 after buying an additional 14,763 shares during the period. Advisors Asset Management Inc. raised its stake in shares of Capital Southwest by 4.8% in the 1st quarter. Advisors Asset Management Inc. now owns 171,087 shares of the asset manager's stock valued at $4,270,000 after buying an additional 7,855 shares in the last quarter. Finally, Harbor Capital Advisors Inc. lifted its holdings in shares of Capital Southwest by 273.4% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 157,134 shares of the asset manager's stock worth $4,100,000 after acquiring an additional 115,051 shares during the period. 23.42% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, B. Riley lowered their target price on shares of Capital Southwest from $25.00 to $24.00 and set a "neutral" rating on the stock in a research note on Wednesday, August 7th.

Capital Southwest Stock Performance

CSWC stock remained flat at $25.59 during trading on Thursday. The company had a trading volume of 185,955 shares, compared to its average volume of 295,101. The firm's fifty day moving average is $25.14 and its two-hundred day moving average is $25.52. Capital Southwest Co. has a twelve month low of $20.72 and a twelve month high of $27.23. The stock has a market capitalization of $1.17 billion, a P/E ratio of 12.44 and a beta of 1.24. The company has a current ratio of 0.12, a quick ratio of 0.12 and a debt-to-equity ratio of 0.29.

Capital Southwest (NASDAQ:CSWC - Get Free Report) last issued its earnings results on Monday, August 5th. The asset manager reported $0.63 EPS for the quarter, missing the consensus estimate of $0.66 by ($0.03). The firm had revenue of $51.35 million during the quarter, compared to analyst estimates of $49.31 million. Capital Southwest had a net margin of 38.92% and a return on equity of 15.70%. On average, analysts expect that Capital Southwest Co. will post 2.47 earnings per share for the current year.

Capital Southwest Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 13th were issued a dividend of $0.64 per share. This is a positive change from Capital Southwest's previous quarterly dividend of $0.57. The ex-dividend date of this dividend was Friday, September 13th. This represents a $2.56 annualized dividend and a dividend yield of 10.00%. Capital Southwest's dividend payout ratio (DPR) is presently 113.17%.

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.