Hennion & Walsh Asset Management Inc. Has $3.92 Million Stake in Capital Southwest Co. (NASDAQ:CSWC)

Hennion & Walsh Asset Management Inc. reduced its stake in Capital Southwest Co. (NASDAQ:CSWC) by 14.5% in the 4th quarter, Holdings Channel reports. The firm owned 179,426 shares of the asset manager’s stock after selling 30,382 shares during the period. Hennion & Walsh Asset Management Inc.’s holdings in Capital Southwest were worth $3,915,000 as of its most recent filing with the SEC.

Other large investors have also recently added to or reduced their stakes in the company. Benjamin F. Edwards & Company Inc. lifted its position in Capital Southwest by 1.8% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 69,218 shares of the asset manager’s stock worth $1,806,000 after acquiring an additional 1,253 shares during the last quarter. Waterfall Asset Management LLC bought a new position in shares of Capital Southwest in the second quarter worth about $995,000. EverSource Wealth Advisors LLC bought a new stake in Capital Southwest during the 2nd quarter valued at approximately $58,000. Marshall Wace LLP bought a new stake in Capital Southwest during the 2nd quarter valued at approximately $1,937,000. Finally, Creative Planning grew its holdings in Capital Southwest by 4.5% in the 2nd quarter. Creative Planning now owns 10,709 shares of the asset manager’s stock valued at $279,000 after buying an additional 464 shares during the last quarter. Institutional investors own 23.42% of the company’s stock.

Analyst Ratings Changes

Separately, B. Riley boosted their target price on shares of Capital Southwest from $24.00 to $24.50 and gave the stock a “neutral” rating in a research report on Wednesday, October 30th.

Capital Southwest Trading Up 1.2 %

Shares of Capital Southwest stock opened at $22.52 on Friday. The stock has a market capitalization of $1.07 billion, a P/E ratio of 13.73 and a beta of 1.24. Capital Southwest Co. has a 12-month low of $20.68 and a 12-month high of $27.23. The company has a quick ratio of 0.16, a current ratio of 0.16 and a debt-to-equity ratio of 0.35. The company has a 50-day simple moving average of $22.38 and a 200 day simple moving average of $24.23.

Capital Southwest (NASDAQ:CSWC) last posted its earnings results on Monday, October 28th. The asset manager reported $0.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.65 by $0.01. Capital Southwest had a net margin of 37.77% and a return on equity of 15.54%. The company had revenue of $48.71 million during the quarter, compared to analysts’ expectations of $49.79 million. During the same quarter in the previous year, the company posted $0.69 earnings per share. Research analysts expect that Capital Southwest Co. will post 2.53 earnings per share for the current fiscal year.

Capital Southwest Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were issued a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a dividend yield of 11.19%. The ex-dividend date of this dividend was Friday, December 13th. Capital Southwest’s dividend payout ratio is currently 141.46%.

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.