Capital Southwest Co. (NASDAQ:CSWC) Shares Sold by Legacy Capital Wealth Partners LLC

Legacy Capital Wealth Partners LLC trimmed its holdings in Capital Southwest Co. (NASDAQ:CSWC) by 4.2% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 65,164 shares of the asset manager’s stock after selling 2,855 shares during the quarter. Legacy Capital Wealth Partners LLC owned about 0.14% of Capital Southwest worth $1,648,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Creative Planning boosted its holdings in shares of 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. Hollencrest Capital Management raised its stake 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 worth $165,000 after buying an additional 518 shares in the last quarter. First Dallas Securities Inc. raised its stake in shares of Capital Southwest by 1.5% in the 2nd quarter. First Dallas Securities Inc. now owns 54,223 shares of the asset manager’s stock worth $1,415,000 after buying an additional 775 shares in the last quarter. B. Riley Wealth Advisors Inc. lifted its holdings in shares of Capital Southwest by 1.7% in the first quarter. B. Riley Wealth Advisors Inc. now owns 55,254 shares of the asset manager’s stock valued at $1,265,000 after buying an additional 923 shares during the period. Finally, EntryPoint Capital LLC bought a new position in Capital Southwest during the first quarter valued at about $28,000. Institutional investors own 23.42% of the company’s stock.

Capital Southwest Trading Down 1.7 %

NASDAQ:CSWC opened at $22.91 on Friday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.16 and a current ratio of 0.16. The company has a market capitalization of $1.09 billion, a P/E ratio of 13.97 and a beta of 1.25. The stock’s 50 day moving average price is $24.98 and its 200 day moving average price is $25.44. Capital Southwest Co. has a 52 week low of $21.54 and a 52 week high of $27.23.

Capital Southwest (NASDAQ:CSWC) last posted its earnings results on Monday, October 28th. The asset manager reported $0.66 earnings per share for the quarter, beating the consensus estimate of $0.65 by $0.01. The company had revenue of $48.71 million for the quarter, compared to analyst estimates of $49.79 million. Capital Southwest had a return on equity of 15.54% and a net margin of 37.77%. During the same period last year, the company earned $0.69 earnings per share. On average, research analysts forecast that Capital Southwest Co. will post 2.54 EPS for the current fiscal year.

Capital Southwest Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be issued a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a yield of 11.00%. The ex-dividend date is Friday, December 13th. Capital Southwest’s dividend payout ratio (DPR) is 141.46%.

Analyst Ratings Changes

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

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.