Capital Southwest Co. (NASDAQ:CSWC) Shares Sold by Concurrent Investment Advisors LLC

Concurrent Investment Advisors LLC cut its stake in Capital Southwest Co. (NASDAQ:CSWC) by 12.6% in the fourth quarter, Holdings Channel.com reports. The fund owned 13,842 shares of the asset manager’s stock after selling 1,990 shares during the quarter. Concurrent Investment Advisors LLC’s holdings in Capital Southwest were worth $302,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently made changes to their positions in CSWC. Barclays PLC lifted its position in Capital Southwest by 1.7% during the 3rd quarter. Barclays PLC now owns 76,083 shares of the asset manager’s stock worth $1,924,000 after acquiring an additional 1,263 shares during the period. Franklin Resources Inc. raised its stake in shares of Capital Southwest by 24.6% during the third quarter. Franklin Resources Inc. now owns 154,038 shares of the asset manager’s stock worth $3,893,000 after purchasing an additional 30,423 shares during the last quarter. Harbor Capital Advisors Inc. lifted its holdings in shares of Capital Southwest by 146.7% during the third quarter. Harbor Capital Advisors Inc. now owns 387,647 shares of the asset manager’s stock worth $9,804,000 after purchasing an additional 230,513 shares during the period. Benjamin Edwards Inc. grew its position in Capital Southwest by 970.6% in 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 last quarter. Finally, Creative Planning increased its stake in Capital Southwest by 4.2% in the 3rd quarter. Creative Planning now owns 11,161 shares of the asset manager’s stock valued at $282,000 after buying an additional 452 shares during the period. 23.42% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts recently weighed in on CSWC shares. B. Riley lifted their price target on Capital Southwest from $24.00 to $24.50 and gave the company a “neutral” rating in a research note on Wednesday, October 30th. StockNews.com cut shares of Capital Southwest from a “hold” rating to a “sell” rating in a research note on Tuesday.

Capital Southwest Price Performance

CSWC opened at $23.20 on Wednesday. Capital Southwest Co. has a 52-week low of $20.68 and a 52-week high of $27.23. The company has a market cap of $1.17 billion, a P/E ratio of 16.45 and a beta of 1.24. The company has a quick ratio of 0.18, a current ratio of 0.18 and a debt-to-equity ratio of 0.64. The company has a 50 day moving average of $22.33 and a two-hundred day moving average of $23.62.

Capital Southwest (NASDAQ:CSWC) last announced its earnings results on Monday, February 3rd. The asset manager reported $0.63 earnings per share (EPS) for the quarter, topping 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, analysts expect that Capital Southwest Co. will post 2.54 earnings per share for the current year.

Capital Southwest Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be paid a $0.58 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $2.32 dividend on an annualized basis and a yield of 10.00%. Capital Southwest’s payout ratio is currently 164.54%.

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, industry consolidation, recapitalizations and growth capital investments.