Raymond James & Associates Reduces Stake in Capital Southwest Co. (NASDAQ:CSWC)

Raymond James & Associates trimmed its position in shares of Capital Southwest Co. (NASDAQ:CSWC) by 22.5% during the second quarter, Holdings Channel reports. The firm owned 64,874 shares of the asset manager’s stock after selling 18,862 shares during the quarter. Raymond James & Associates’ holdings in Capital Southwest were worth $1,693,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of CSWC. Foundations Investment Advisors LLC acquired a new stake in Capital Southwest in the 4th quarter valued at about $1,326,000. Confluence Investment Management LLC purchased a new stake in shares of Capital Southwest in the first quarter valued at about $2,391,000. Muzinich & Co. Inc. grew its position in shares of Capital Southwest by 130.2% in the fourth quarter. Muzinich & Co. Inc. now owns 74,979 shares of the asset manager’s stock valued at $1,777,000 after purchasing an additional 42,412 shares during the last quarter. Sanders Morris Harris LLC purchased a new position in shares of Capital Southwest during the 1st quarter worth approximately $16,079,000. Finally, USA Financial Formulas acquired a new position in shares of Capital Southwest during the 4th quarter worth approximately $47,000. Institutional investors and hedge funds own 23.42% of the company’s stock.

Capital Southwest Trading Down 1.1 %

Shares of CSWC opened at $25.04 on Wednesday. Capital Southwest Co. has a fifty-two week low of $20.72 and a fifty-two week high of $27.23. The company has a market capitalization of $1.15 billion, a PE ratio of 12.21 and a beta of 1.24. The stock has a fifty day moving average of $25.45 and a two-hundred day moving average of $25.26. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.12 and a current ratio of 0.12.

Capital Southwest (NASDAQ:CSWC) last released 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). Capital Southwest had a net margin of 38.92% and a return on equity of 15.70%. The business had revenue of $51.35 million during the quarter, compared to analyst estimates of $49.31 million. As a group, analysts forecast that Capital Southwest Co. will post 2.5 EPS for the current year.

Capital Southwest Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 13th will be given a $0.64 dividend. The ex-dividend date of this dividend is Friday, September 13th. This is a boost from Capital Southwest’s previous quarterly dividend of $0.57. This represents a $2.56 annualized dividend and a dividend yield of 10.22%. Capital Southwest’s dividend payout ratio (DPR) is currently 113.17%.

Analyst Ratings Changes

Several research firms have weighed in on CSWC. JMP Securities downgraded Capital Southwest from an “outperform” rating to a “market perform” rating in a research report on Wednesday, May 15th. B. Riley cut their target price on shares of Capital Southwest from $25.00 to $24.00 and set a “neutral” rating for the company in a research note on Wednesday, August 7th.

Capital Southwest Company Profile

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, recapitalizations and growth capital investments. It does not invest in startups, publicly traded companies, real estate developments, project finance opportunities, oil and gas exploration businesses, troubled companies, turnarounds, and companies in which significant senior management is departing.