Invesco Ltd. Sells 367,856 Shares of Capital Southwest Co. (NASDAQ:CSWC)

Invesco Ltd. lessened its holdings in shares of Capital Southwest Co. (NASDAQ:CSWC - Free Report) by 92.1% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 31,493 shares of the asset manager's stock after selling 367,856 shares during the period. Invesco Ltd. owned 0.06% of Capital Southwest worth $687,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in CSWC. Promus Capital LLC bought a new stake in shares of Capital Southwest in the fourth quarter worth about $30,000. Nomura Asset Management Co. Ltd. increased its stake in Capital Southwest by 243.2% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 2,217 shares of the asset manager's stock worth $48,000 after purchasing an additional 1,571 shares in the last quarter. Brown Brothers Harriman & Co. bought a new position in Capital Southwest in the fourth quarter valued at approximately $59,000. Rialto Wealth Management LLC acquired a new position in shares of Capital Southwest in the fourth quarter valued at approximately $105,000. Finally, Blue Trust Inc. increased its position in shares of Capital Southwest by 36.3% during the fourth quarter. Blue Trust Inc. now owns 9,741 shares of the asset manager's stock worth $213,000 after acquiring an additional 2,594 shares in the last quarter. Institutional investors own 23.42% of the company's stock.

Capital Southwest Stock Up 0.4 %

CSWC stock traded up $0.07 during midday trading on Thursday, hitting $20.03. The company's stock had a trading volume of 43,188 shares, compared to its average volume of 565,153. The company's fifty day moving average price is $20.93 and its 200 day moving average price is $22.19. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.18 and a quick ratio of 0.18. Capital Southwest Co. has a twelve month low of $17.46 and a twelve month high of $27.23. The stock has a market capitalization of $1.01 billion, a P/E ratio of 14.21 and a beta of 0.95.

Capital Southwest (NASDAQ:CSWC - Get Free Report) last released its earnings results on Monday, February 3rd. The asset manager reported $0.63 earnings per share (EPS) for the quarter, topping 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%. As a group, equities research analysts predict that Capital Southwest Co. will post 2.54 EPS for the current year.

Capital Southwest Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be issued a $0.58 dividend. This represents a $2.32 annualized dividend and a dividend yield of 11.58%. The ex-dividend date is Friday, June 13th. Capital Southwest's payout ratio is presently 164.54%.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on CSWC. UBS Group reduced their target price on shares of Capital Southwest from $23.50 to $20.50 and set a "neutral" rating for the company in a research note on Thursday, April 17th. StockNews.com raised Capital Southwest from a "sell" rating to a "hold" rating in a research report on Saturday, April 19th.

Capital Southwest 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.