Sanders Morris Harris LLC Raises Holdings in Capital Southwest Co. (NASDAQ:CSWC)

Sanders Morris Harris LLC increased its position in Capital Southwest Co. (NASDAQ:CSWC - Free Report) by 75.9% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,433,064 shares of the asset manager's stock after acquiring an additional 618,480 shares during the period. 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 hedge funds also recently added to or reduced their stakes in the company. Focus Partners Wealth grew its position in Capital Southwest by 6.6% in the 4th quarter. Focus Partners Wealth now owns 9,464 shares of the asset manager's stock worth $207,000 after purchasing an additional 585 shares during the period. Capital Analysts LLC grew its position in Capital Southwest by 35.6% in the 4th quarter. Capital Analysts LLC now owns 2,550 shares of the asset manager's stock worth $56,000 after purchasing an additional 669 shares during the period. Quarry LP grew its position in Capital Southwest by 52.5% in the 4th quarter. Quarry LP now owns 2,126 shares of the asset manager's stock worth $46,000 after purchasing an additional 732 shares during the period. Guggenheim Capital LLC grew its position in Capital Southwest by 5.6% in the 4th quarter. Guggenheim Capital LLC now owns 23,612 shares of the asset manager's stock worth $515,000 after purchasing an additional 1,246 shares during the period. Finally, Barclays PLC grew its position in shares of Capital Southwest by 1.7% during the 3rd quarter. Barclays PLC now owns 76,083 shares of the asset manager's stock valued at $1,924,000 after acquiring an additional 1,263 shares during the period. 23.42% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts recently weighed in on CSWC shares. UBS Group dropped their target price on shares of Capital Southwest from $23.50 to $20.50 and set a "neutral" rating for the company in a report on Thursday, April 17th. Wall Street Zen raised shares of Capital Southwest from a "sell" rating to a "hold" rating in a report on Saturday, April 19th. Finally, Raymond James dropped 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.

Capital Southwest Price Performance

Capital Southwest stock traded down $0.11 during mid-day trading on Thursday, hitting $20.69. The stock had a trading volume of 265,091 shares, compared to its average volume of 437,130. The firm has a market capitalization of $1.11 billion, a P/E ratio of 14.67 and a beta of 0.95. Capital Southwest Co. has a one year low of $17.46 and a one year high of $27.23. 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 firm's 50 day moving average is $20.30 and its 200 day moving average is $21.75.

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

Capital Southwest Announces Dividend

The firm also recently announced 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 11.21%. The ex-dividend date of this dividend is Friday, June 13th. Capital Southwest's dividend payout ratio is 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.