Capital Southwest Co. (NASDAQ:CSWC) is Sanders Morris Harris LLC's 3rd Largest Position

Sanders Morris Harris LLC increased its position in Capital Southwest Co. (NASDAQ:CSWC - Free Report) by 75.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,433,064 shares of the asset manager's stock after buying an additional 618,480 shares during the quarter. Capital Southwest comprises approximately 4.9% of Sanders Morris Harris LLC's holdings, making the stock its 3rd largest position. Sanders Morris Harris LLC owned approximately 2.83% of Capital Southwest worth $31,986,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Confluence Investment Management LLC boosted its holdings in Capital Southwest by 1.3% during the first quarter. Confluence Investment Management LLC now owns 101,522 shares of the asset manager's stock valued at $2,266,000 after acquiring an additional 1,280 shares during the period. B. Riley Wealth Advisors Inc. boosted its position in Capital Southwest by 8.4% in the fourth quarter. B. Riley Wealth Advisors Inc. now owns 50,626 shares of the asset manager's stock valued at $1,105,000 after buying an additional 3,941 shares in the last quarter. Ameriflex Group Inc. acquired a new position in Capital Southwest in the fourth quarter worth $33,000. Sunbelt Securities Inc. lifted its holdings in Capital Southwest by 52.4% during the 4th quarter. Sunbelt Securities Inc. now owns 37,215 shares of the asset manager's stock worth $811,000 after buying an additional 12,802 shares in the last quarter. Finally, Sovereign s Capital Management LLC acquired a new stake in shares of Capital Southwest during the 4th quarter worth approximately $1,474,000. Institutional investors own 23.42% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on CSWC. Raymond James decreased their price target 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. Wall Street Zen raised Capital Southwest from a "sell" rating to a "hold" rating in a report on Saturday, April 19th. Finally, UBS Group decreased their target price on Capital Southwest from $23.50 to $20.50 and set a "neutral" rating on the stock in a research report on Thursday, April 17th.

Capital Southwest Stock Performance

CSWC traded up $0.15 during trading on Tuesday, hitting $20.80. 430,149 shares of the company traded hands, compared to its average volume of 439,800. The firm has a market cap of $1.12 billion, a P/E ratio of 14.75 and a beta of 0.95. The stock's fifty day moving average is $20.33 and its 200 day moving average is $21.76. The company has a quick ratio of 0.18, a current ratio of 0.18 and a debt-to-equity ratio of 0.64. Capital Southwest Co. has a one year low of $17.46 and a one year high of $27.23.

Capital Southwest (NASDAQ:CSWC - Get Free Report) last released its quarterly earnings results on Wednesday, May 14th. The asset manager reported $0.54 EPS for the quarter, missing analysts' consensus estimates of $0.62 by ($0.08). Capital Southwest had a return on equity of 15.18% and a net margin of 33.49%. The company had revenue of $52.34 million during the quarter, compared to analysts' expectations of $52.83 million. During the same period in the prior year, the firm earned $0.68 EPS. As a group, equities analysts predict that Capital Southwest Co. will post 2.54 EPS for the current fiscal year.

Capital Southwest Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 13th will be issued a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a yield of 11.15%. The ex-dividend date of this dividend is Friday, June 13th. Capital Southwest's dividend payout ratio (DPR) is presently 156.76%.

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.