Denali Advisors LLC Sells 20,157 Shares of Capital Southwest Co. (NASDAQ:CSWC)

Denali Advisors LLC reduced its position in Capital Southwest Co. (NASDAQ:CSWC) by 16.2% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 104,496 shares of the asset manager’s stock after selling 20,157 shares during the period. Denali Advisors LLC’s holdings in Capital Southwest were worth $2,280,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the company. Harbor Capital Advisors Inc. boosted its stake in Capital Southwest by 146.7% in the third quarter. Harbor Capital Advisors Inc. now owns 387,647 shares of the asset manager’s stock valued at $9,804,000 after acquiring an additional 230,513 shares in the last quarter. Sanders Morris Harris LLC boosted its position in shares of Capital Southwest by 28.0% in the 4th quarter. Sanders Morris Harris LLC now owns 814,584 shares of the asset manager’s stock worth $17,579,000 after purchasing an additional 178,420 shares in the last quarter. Van ECK Associates Corp boosted its position in shares of Capital Southwest by 8.8% in the 3rd quarter. Van ECK Associates Corp now owns 1,152,153 shares of the asset manager’s stock worth $29,483,000 after purchasing an additional 92,936 shares in the last quarter. Benjamin Edwards Inc. grew its stake in Capital Southwest by 970.6% during the 3rd quarter. Benjamin Edwards Inc. now owns 80,201 shares of the asset manager’s stock worth $2,028,000 after buying an additional 72,710 shares during the last quarter. Finally, Tectonic Advisors LLC increased its position in Capital Southwest by 21.0% during the 4th quarter. Tectonic Advisors LLC now owns 398,008 shares of the asset manager’s stock valued at $8,685,000 after buying an additional 69,174 shares in the last quarter. Institutional investors own 23.42% of the company’s stock.

Wall Street Analyst Weigh In

CSWC has been the topic of a number of research analyst reports. B. Riley boosted their price target on Capital Southwest from $24.00 to $24.50 and gave the stock a “neutral” rating in a research note on Wednesday, October 30th. StockNews.com lowered shares of Capital Southwest from a “hold” rating to a “sell” rating in a research report on Tuesday.

Capital Southwest Price Performance

Shares of CSWC opened at $23.18 on Thursday. The firm has a market capitalization of $1.17 billion, a PE ratio of 16.44 and a beta of 1.24. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.18 and a quick ratio of 0.18. The company’s fifty day moving average price is $22.37 and its 200-day moving average price is $23.61. Capital Southwest Co. has a 1-year low of $20.68 and a 1-year high of $27.23.

Capital Southwest (NASDAQ:CSWC) last announced its quarterly earnings data on Monday, February 3rd. The asset manager reported $0.63 earnings per share for the quarter, beating analysts’ consensus estimates of $0.62 by $0.01. Capital Southwest had a return on equity of 15.18% and a net margin of 33.49%. On average, equities research analysts predict that Capital Southwest Co. will post 2.54 EPS for the current year.

Capital Southwest Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be given a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a yield of 10.01%. The ex-dividend date is Friday, March 14th. Capital Southwest’s dividend payout ratio is presently 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.