Sanders Morris Harris LLC Sells 42,725 Shares of Capital Southwest Corporation $CSWC

Key Points

• Sanders Morris Harris LLC reduced its stake in Capital Southwest Corporation by 3.0%, selling 42,725 shares and maintaining a total of 1,390,339 shares, which now represent about 7.3% of its portfolio.
• Capital Southwest recently announced a quarterly dividend of $0.06 per share, payable on December 31st, with a current payout ratio of 140.61%.
• The stock has shown a market cap of $1.13 billion and reported earnings of $0.59 per share for the last quarter, aligning with analysts' expectations.

Sanders Morris Harris LLC lessened its stake in Capital Southwest Corporation (NASDAQ:CSWC - Free Report) by 3.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,390,339 shares of the asset manager's stock after selling 42,725 shares during the period. Capital Southwest accounts for approximately 7.3% of Sanders Morris Harris LLC's portfolio, making the stock its 3rd largest position. Sanders Morris Harris LLC owned approximately 2.59% of Capital Southwest worth $30,643,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Kingstone Capital Partners Texas LLC purchased a new stake in shares of Capital Southwest in the 2nd quarter valued at about $311,170,000. Sound Income Strategies LLC increased its position in Capital Southwest by 14.0% during the second quarter. Sound Income Strategies LLC now owns 702,201 shares of the asset manager's stock worth $15,477,000 after buying an additional 86,185 shares during the period. Punch & Associates Investment Management Inc. lifted its stake in Capital Southwest by 2.1% in the first quarter. Punch & Associates Investment Management Inc. now owns 686,513 shares of the asset manager's stock valued at $15,323,000 after buying an additional 14,146 shares during the last quarter. Tectonic Advisors LLC grew its position in shares of Capital Southwest by 18.4% during the second quarter. Tectonic Advisors LLC now owns 521,686 shares of the asset manager's stock worth $11,498,000 after acquiring an additional 81,213 shares during the last quarter. Finally, Melia Wealth LLC increased its holdings in shares of Capital Southwest by 10.1% in the 2nd quarter. Melia Wealth LLC now owns 464,973 shares of the asset manager's stock valued at $10,248,000 after acquiring an additional 42,665 shares during the period. Institutional investors and hedge funds own 23.42% of the company's stock.

Capital Southwest Stock Performance

NASDAQ:CSWC opened at $20.39 on Tuesday. The firm's fifty day simple moving average is $22.13 and its 200-day simple moving average is $21.55. The company has a quick ratio of 0.19, a current ratio of 0.19 and a debt-to-equity ratio of 0.53. The stock has a market cap of $1.13 billion, a PE ratio of 12.36 and a beta of 0.95. Capital Southwest Corporation has a fifty-two week low of $17.46 and a fifty-two week high of $25.90.

Capital Southwest (NASDAQ:CSWC - Get Free Report) last released its quarterly earnings data on Wednesday, August 6th. The asset manager reported $0.59 EPS for the quarter, hitting analysts' consensus estimates of $0.59. Capital Southwest had a net margin of 39.95% and a return on equity of 14.17%. The firm had revenue of $55.95 million for the quarter, compared to the consensus estimate of $54.36 million. During the same quarter in the previous year, the firm earned $0.69 earnings per share. Analysts expect that Capital Southwest Corporation will post 2.54 earnings per share for the current fiscal year.

Capital Southwest Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Monday, December 15th will be issued a dividend of $0.06 per share. The ex-dividend date of this dividend is Monday, December 15th. This represents a $0.24 annualized dividend and a yield of 1.2%. Capital Southwest's payout ratio is currently 140.61%.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. Citizens Jmp raised shares of Capital Southwest from a "market perform" rating to an "outperform" rating and set a $25.00 target price for the company in a report on Tuesday, June 24th. Raymond James Financial cut Capital Southwest from an "outperform" rating to a "market perform" rating in a research report on Tuesday, October 7th. Citigroup raised Capital Southwest to an "outperform" rating in a report on Tuesday, June 24th. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Capital Southwest in a report on Wednesday, October 8th. Finally, Zacks Research cut shares of Capital Southwest from a "hold" rating to a "strong sell" rating in a research note on Monday, October 13th. Five equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $24.10.

Capital Southwest 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.

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