Denali Advisors LLC Sells 20,157 Shares of Capital Southwest Co. (NASDAQ:CSWC)

Denali Advisors LLC cut its stake in Capital Southwest Co. (NASDAQ:CSWC) by 16.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 104,496 shares of the asset manager’s stock after selling 20,157 shares during the quarter. Denali Advisors LLC owned about 0.22% of Capital Southwest worth $2,280,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the stock. Barclays PLC raised its stake in shares of Capital Southwest by 1.7% in the third 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. Franklin Resources Inc. grew its holdings in Capital Southwest by 24.6% during the 3rd quarter. Franklin Resources Inc. now owns 154,038 shares of the asset manager’s stock valued at $3,893,000 after purchasing an additional 30,423 shares during the last quarter. Harbor Capital Advisors Inc. raised its position in Capital Southwest by 146.7% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 387,647 shares of the asset manager’s stock worth $9,804,000 after purchasing an additional 230,513 shares during the period. Benjamin Edwards Inc. lifted its stake in Capital Southwest by 970.6% in the third quarter. Benjamin Edwards Inc. now owns 80,201 shares of the asset manager’s stock worth $2,028,000 after purchasing an additional 72,710 shares during the last quarter. Finally, Creative Planning lifted its stake in Capital Southwest by 4.2% in the third quarter. Creative Planning now owns 11,161 shares of the asset manager’s stock worth $282,000 after purchasing an additional 452 shares during the last quarter. 23.42% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. B. Riley upped their target price on Capital Southwest from $24.00 to $24.50 and gave the company a “neutral” rating in a research note on Wednesday, October 30th. StockNews.com downgraded Capital Southwest from a “hold” rating to a “sell” rating in a research report on Tuesday.

Capital Southwest Price Performance

Shares of CSWC stock opened at $23.18 on Thursday. The company has a market capitalization of $1.17 billion, a P/E ratio of 16.44 and a beta of 1.24. The company’s 50-day simple moving average is $22.37 and its two-hundred day simple moving average is $23.61. Capital Southwest Co. has a one year low of $20.68 and a one year high of $27.23. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.18 and a quick ratio of 0.18.

Capital Southwest (NASDAQ:CSWC) last announced its quarterly earnings data on Monday, February 3rd. The asset manager reported $0.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.62 by $0.01. Capital Southwest had a return on equity of 15.18% and a net margin of 33.49%. As a group, equities analysts anticipate that Capital Southwest Co. will post 2.54 EPS for the current year.

Capital Southwest Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be paid a dividend of $0.58 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $2.32 annualized dividend and a dividend yield of 10.01%. Capital Southwest’s dividend payout ratio is currently 164.54%.

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.