Sanders Morris Harris LLC Has $17.58 Million Stock Holdings in Capital Southwest Co. (NASDAQ:CSWC)

Sanders Morris Harris LLC grew its position in Capital Southwest Co. (NASDAQ:CSWC - Free Report) by 28.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 814,584 shares of the asset manager's stock after purchasing an additional 178,420 shares during the period. Capital Southwest makes up approximately 2.6% of Sanders Morris Harris LLC's holdings, making the stock its 6th largest holding. Sanders Morris Harris LLC owned approximately 1.71% of Capital Southwest worth $17,579,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Harbor Capital Advisors Inc. increased its holdings in Capital Southwest by 146.7% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 387,647 shares of the asset manager's stock valued at $9,804,000 after purchasing an additional 230,513 shares in the last quarter. Van ECK Associates Corp boosted its position in shares of Capital Southwest by 8.8% in the third quarter. Van ECK Associates Corp now owns 1,152,153 shares of the asset manager's stock worth $29,483,000 after buying an additional 92,936 shares during the period. Marshall Wace LLP acquired a new stake in shares of Capital Southwest in the second quarter valued at about $1,937,000. Benjamin Edwards Inc. raised its holdings in shares of Capital Southwest by 970.6% during the 3rd quarter. Benjamin Edwards Inc. now owns 80,201 shares of the asset manager's stock valued at $2,028,000 after buying an additional 72,710 shares during the period. Finally, MML Investors Services LLC lifted its position in Capital Southwest by 124.2% during the 3rd quarter. MML Investors Services LLC now owns 102,730 shares of the asset manager's stock worth $2,598,000 after acquiring an additional 56,919 shares in the last quarter. Hedge funds and other institutional investors own 23.42% of the company's stock.

Analyst Upgrades and Downgrades

Separately, B. Riley increased their price objective on shares of Capital Southwest from $24.00 to $24.50 and gave the company a "neutral" rating in a research report on Wednesday, October 30th.

Capital Southwest Stock Up 1.2 %

Shares of Capital Southwest stock traded up $0.26 during trading hours on Thursday, hitting $22.52. 442,173 shares of the company's stock traded hands, compared to its average volume of 400,757. The company has a quick ratio of 0.16, a current ratio of 0.16 and a debt-to-equity ratio of 0.35. Capital Southwest Co. has a twelve month low of $20.68 and a twelve month high of $27.23. The stock has a 50 day simple moving average of $22.39 and a 200-day simple moving average of $24.24. The company has a market cap of $1.07 billion, a PE ratio of 13.73 and a beta of 1.24.

Capital Southwest (NASDAQ:CSWC - Get Free Report) last posted its quarterly earnings data on Monday, October 28th. The asset manager reported $0.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.65 by $0.01. Capital Southwest had a return on equity of 15.54% and a net margin of 37.77%. The company had revenue of $48.71 million for the quarter, compared to the consensus estimate of $49.79 million. During the same period in the previous year, the business earned $0.69 EPS. Equities research analysts anticipate that Capital Southwest Co. will post 2.53 earnings per share for the current fiscal year.

Capital Southwest Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were issued a $0.63 dividend. The ex-dividend date of this dividend was Friday, December 13th. This represents a $2.52 annualized dividend and a yield of 11.19%. Capital Southwest's dividend payout ratio is presently 141.46%.

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.