Concurrent Investment Advisors LLC Trims Stake in Capital Southwest Co. (NASDAQ:CSWC)

Concurrent Investment Advisors LLC decreased its position in shares of Capital Southwest Co. (NASDAQ:CSWC) by 12.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 13,842 shares of the asset manager’s stock after selling 1,990 shares during the period. Concurrent Investment Advisors LLC’s holdings in Capital Southwest were worth $302,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of CSWC. Harbor Capital Advisors Inc. raised its holdings in Capital Southwest by 146.7% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 387,647 shares of the asset manager’s stock valued at $9,804,000 after buying an additional 230,513 shares during the period. Sanders Morris Harris LLC boosted its holdings in shares of Capital Southwest by 28.0% in the fourth quarter. Sanders Morris Harris LLC now owns 814,584 shares of the asset manager’s stock valued at $17,579,000 after purchasing an additional 178,420 shares during the period. Van ECK Associates Corp grew its position in shares of Capital Southwest by 8.8% during the 3rd 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 in the last quarter. Benjamin Edwards Inc. increased its position in 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 purchasing an additional 72,710 shares during the period. Finally, Tectonic Advisors LLC increased its holdings in Capital Southwest by 21.0% during the fourth 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 during the period. Hedge funds and other institutional investors own 23.42% of the company’s stock.

Capital Southwest Stock 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 quick ratio of 0.18, a current ratio of 0.18 and a debt-to-equity ratio of 0.64. The firm’s fifty day simple moving average is $22.33 and its two-hundred day simple moving average is $23.62. The company has a market cap of $1.17 billion, a price-to-earnings ratio of 16.45 and a beta of 1.24.

Capital Southwest (NASDAQ:CSWC) last released its earnings results on Monday, February 3rd. The asset manager reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.62 by $0.01. Capital Southwest had a return on equity of 15.18% and a net margin of 33.49%. Equities analysts anticipate that Capital Southwest Co. will post 2.54 earnings per share for the current fiscal year.

Capital Southwest Cuts Dividend

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

Analyst Ratings Changes

Several research firms recently commented on CSWC. StockNews.com lowered shares of Capital Southwest from a “hold” rating to a “sell” rating in a research note on Tuesday. B. Riley raised their price objective on Capital Southwest from $24.00 to $24.50 and gave the stock a “neutral” rating in a research note 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.