Redmont Wealth Advisors LLC Sells 13,316 Shares of Capital Southwest Corporation (NASDAQ:CSWC)

Redmont Wealth Advisors LLC cut its stake in Capital Southwest Corporation (NASDAQ:CSWC - Free Report) by 19.9% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 53,623 shares of the asset manager's stock after selling 13,316 shares during the period. Capital Southwest comprises approximately 2.3% of Redmont Wealth Advisors LLC's portfolio, making the stock its 8th largest position. Redmont Wealth Advisors LLC owned approximately 0.11% of Capital Southwest worth $1,197,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of CSWC. Focus Partners Wealth raised its holdings in shares of Capital Southwest by 6.6% in the fourth quarter. Focus Partners Wealth now owns 9,464 shares of the asset manager's stock valued at $207,000 after buying an additional 585 shares during the last quarter. Capital Analysts LLC raised its holdings in shares of Capital Southwest by 35.6% in the fourth quarter. Capital Analysts LLC now owns 2,550 shares of the asset manager's stock valued at $56,000 after buying an additional 669 shares during the last quarter. Quarry LP raised its holdings in shares of Capital Southwest by 52.5% in the fourth quarter. Quarry LP now owns 2,126 shares of the asset manager's stock valued at $46,000 after buying an additional 732 shares during the last quarter. Guggenheim Capital LLC raised its holdings in shares of Capital Southwest by 5.6% in the fourth quarter. Guggenheim Capital LLC now owns 23,612 shares of the asset manager's stock valued at $515,000 after buying an additional 1,246 shares during the last quarter. Finally, Confluence Investment Management LLC raised its holdings in shares of Capital Southwest by 1.3% in the first quarter. Confluence Investment Management LLC now owns 101,522 shares of the asset manager's stock valued at $2,266,000 after buying an additional 1,280 shares during the last quarter. 23.42% of the stock is owned by hedge funds and other institutional investors.

Capital Southwest Price Performance

CSWC traded up $0.20 on Friday, hitting $22.73. 368,512 shares of the company were exchanged, compared to its average volume of 466,244. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.18 and a current ratio of 0.18. The business's fifty day moving average is $21.03 and its 200 day moving average is $21.55. Capital Southwest Corporation has a fifty-two week low of $17.46 and a fifty-two week high of $27.23. The firm has a market capitalization of $1.22 billion, a P/E ratio of 15.36 and a beta of 0.95.

Capital Southwest (NASDAQ:CSWC - Get Free Report) last issued its earnings results 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). Capital Southwest had a return on equity of 14.40% and a net margin of 34.51%. The company had revenue of $52.34 million for the quarter, compared to analyst estimates of $52.83 million. During the same quarter in the previous year, the company posted $0.68 earnings per share. As a group, sell-side analysts anticipate that Capital Southwest Corporation will post 2.54 EPS for the current year.

Capital Southwest Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th will be given a dividend of $0.1934 per share. The ex-dividend date is Monday, September 15th. This represents a $2.32 annualized dividend and a yield of 10.21%. Capital Southwest's payout ratio is currently 156.76%.

Analyst Ratings Changes

CSWC has been the subject of a number of research reports. Raymond James Financial reduced their target price on shares of Capital Southwest from $24.00 to $23.00 and set an "outperform" rating for the company in a report on Friday, May 16th. Citigroup upgraded shares of Capital Southwest to an "outperform" rating in a research note on Tuesday, June 24th. Wall Street Zen upgraded shares of Capital Southwest from a "sell" rating to a "hold" rating in a research note on Saturday, April 19th. B. Riley upgraded shares of Capital Southwest to a "strong-buy" rating in a research note on Monday, June 16th. Finally, Citizens Jmp upgraded shares of Capital Southwest from a "market perform" rating to an "outperform" rating and set a $25.00 price target on the stock in a research note on Tuesday, June 24th. Two analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $23.60.

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.