Hennion & Walsh Asset Management Inc. Cuts Stock Holdings in Capital Southwest Co. (NASDAQ:CSWC)

Hennion & Walsh Asset Management Inc. cut its holdings in Capital Southwest Co. (NASDAQ:CSWC - Free Report) by 28.0% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 129,273 shares of the asset manager's stock after selling 50,153 shares during the period. Hennion & Walsh Asset Management Inc. owned 0.26% of Capital Southwest worth $2,885,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of CSWC. Balyasny Asset Management L.P. bought a new position in Capital Southwest in the 4th quarter worth approximately $21,846,000. Sanders Morris Harris LLC boosted its holdings in Capital Southwest by 75.9% in the 1st quarter. Sanders Morris Harris LLC now owns 1,433,064 shares of the asset manager's stock worth $31,986,000 after buying an additional 618,480 shares during the period. Beacon Pointe Advisors LLC boosted its holdings in Capital Southwest by 1,481.6% in the 4th quarter. Beacon Pointe Advisors LLC now owns 490,291 shares of the asset manager's stock worth $10,698,000 after buying an additional 459,291 shares during the period. Two Sigma Investments LP lifted its stake in Capital Southwest by 42.2% in the 4th quarter. Two Sigma Investments LP now owns 673,778 shares of the asset manager's stock worth $14,702,000 after purchasing an additional 200,060 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in Capital Southwest in the 4th quarter worth approximately $4,250,000. 23.42% of the stock is owned by institutional investors.

Capital Southwest Price Performance

Shares of Capital Southwest stock traded up $0.29 on Friday, hitting $21.06. 366,904 shares of the company traded hands, compared to its average volume of 438,424. The firm's 50-day simple moving average is $20.24 and its 200 day simple moving average is $21.71. The company has a current ratio of 0.18, a quick ratio of 0.18 and a debt-to-equity ratio of 0.64. The company has a market cap of $1.13 billion, a P/E ratio of 14.94 and a beta of 0.94. Capital Southwest Co. has a 12-month low of $17.46 and a 12-month high of $27.23.

Capital Southwest (NASDAQ:CSWC - Get Free Report) last posted its quarterly earnings data on Wednesday, May 14th. The asset manager reported $0.54 earnings per share for the quarter, missing the consensus estimate of $0.62 by ($0.08). The company had revenue of $52.34 million for the quarter, compared to analysts' expectations of $52.83 million. Capital Southwest had a net margin of 33.49% and a return on equity of 15.18%. During the same quarter last year, the business posted $0.68 EPS. Analysts expect that Capital Southwest Co. will post 2.54 earnings per share for the current fiscal 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 given a dividend of $0.58 per share. This represents a $2.32 annualized dividend and a dividend yield of 11.02%. The ex-dividend date of this dividend is Friday, June 13th. Capital Southwest's dividend payout ratio (DPR) is currently 156.76%.

Analyst Upgrades and Downgrades

CSWC has been the topic of several recent analyst reports. Wall Street Zen upgraded shares of Capital Southwest from a "sell" rating to a "hold" rating in a research note on Saturday, April 19th. UBS Group lowered their target price on shares of Capital Southwest from $23.50 to $20.50 and set a "neutral" rating on the stock in a research note on Thursday, April 17th. Finally, Raymond James lowered their target price on shares of Capital Southwest from $24.00 to $23.00 and set an "outperform" rating on the stock in a research note on Friday, May 16th.

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.