Capital Southwest Corporation $CSWC is Sanders Morris Harris LLC's 2nd Largest Position

Key Points

• Sanders Morris Harris LLC cut its Capital Southwest stake by 31.6% in the second quarter, but the stock remains the firm’s second-largest holding at 10.5% of its portfolio. Institutional investors collectively own 23.42% of CSWC.
• Analysts remain broadly positive, with six Buy ratings and three Holds. The stock has a consensus rating of “Moderate Buy” and an average price target of $23.83.
• Capital Southwest declared a monthly dividend of $0.1934 per share, representing an annualized yield of approximately 9.5%; however, its payout ratio stands at 122.11%.

Sanders Morris Harris LLC lowered its holdings in shares of Capital Southwest Corporation (NASDAQ:CSWC - Free Report) by 31.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 759,992 shares of the asset manager's stock after selling 351,181 shares during the period. Capital Southwest comprises 10.5% of Sanders Morris Harris LLC's portfolio, making the stock its 2nd largest holding. Sanders Morris Harris LLC owned approximately 1.22% of Capital Southwest worth $18,065,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Triumph Capital Management acquired a new position in shares of Capital Southwest during the 3rd quarter worth approximately $28,000. Tower Research Capital LLC TRC grew its holdings in Capital Southwest by 13,307.1% during the 2nd quarter. Tower Research Capital LLC TRC now owns 1,877 shares of the asset manager's stock valued at $41,000 after buying an additional 1,863 shares during the last quarter. Osbon Capital Management LLC purchased a new position in Capital Southwest during the fourth quarter worth $55,000. CENTRAL TRUST Co acquired a new position in shares of Capital Southwest in the first quarter worth $60,000. Finally, PNC Financial Services Group Inc. raised its holdings in shares of Capital Southwest by 197.2% in the first quarter. PNC Financial Services Group Inc. now owns 4,654 shares of the asset manager's stock worth $103,000 after acquiring an additional 3,088 shares during the last quarter. Hedge funds and other institutional investors own 23.42% of the company's stock.

Analyst Ratings Changes

A number of analysts recently commented on CSWC shares. B. Riley Financial increased their price objective on Capital Southwest from $24.50 to $25.50 and gave the company a "buy" rating in a research note on Wednesday. Citizens Jmp raised their price target on shares of Capital Southwest from $25.00 to $26.00 and gave the stock a "market outperform" rating in a research note on Wednesday. Weiss Ratings reiterated a "buy (b-)" rating on shares of Capital Southwest in a report on Thursday, June 18th. Finally, Citigroup reissued a "market outperform" rating on shares of Capital Southwest in a research report on Wednesday. Six analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $23.83.

Capital Southwest Price Performance

Shares of NASDAQ:CSWC opened at $24.42 on Thursday. The company has a market cap of $1.56 billion, a P/E ratio of 13.49 and a beta of 0.69. The business has a fifty day simple moving average of $23.57 and a 200-day simple moving average of $23.16. Capital Southwest Corporation has a 52 week low of $19.37 and a 52 week high of $24.86. The company has a quick ratio of 0.11, a current ratio of 0.17 and a debt-to-equity ratio of 0.62.

Capital Southwest Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be issued a $0.1934 dividend. The ex-dividend date is Tuesday, September 15th. This represents a c) annualized dividend and a yield of 9.5%. Capital Southwest's payout ratio is 122.11%.

Capital Southwest Company Profile

Capital Southwest NASDAQ: CSWC is a publicly traded investment firm structured as a business development company (BDC) that provides customized financing solutions to middle-market companies across the United States. The firm offers a spectrum of debt and equity capital, including senior secured loans, mezzanine debt, and both preferred and common equity investments. By partnering with corporate management teams, Capital Southwest seeks to support growth initiatives, recapitalizations, acquisitions, and ownership transitions.

Founded in 1961 and headquartered in Dallas, Texas, Capital Southwest has cultivated a track record of long-term partnerships with privately held businesses and select public companies.

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