Signaturefd LLC Sells 945 Shares of Capital Southwest Co. (NASDAQ:CSWC)

Signaturefd LLC trimmed its position in Capital Southwest Co. (NASDAQ:CSWC) by 34.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,785 shares of the asset manager’s stock after selling 945 shares during the period. Signaturefd LLC’s holdings in Capital Southwest were worth $39,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in CSWC. Van ECK Associates Corp lifted its stake in shares of Capital Southwest by 3.3% in the fourth quarter. Van ECK Associates Corp now owns 1,190,204 shares of the asset manager’s stock valued at $25,970,000 after buying an additional 38,051 shares in the last quarter. Sanders Morris Harris LLC raised its holdings in shares of Capital Southwest by 28.0% in the 4th quarter. Sanders Morris Harris LLC now owns 814,584 shares of the asset manager’s stock worth $17,579,000 after acquiring an additional 178,420 shares during the last quarter. Sound Income Strategies LLC lifted its position in Capital Southwest by 2.9% in the 4th quarter. Sound Income Strategies LLC now owns 578,541 shares of the asset manager’s stock valued at $12,624,000 after acquiring an additional 16,462 shares in the last quarter. Harbor Capital Advisors Inc. lifted its position in Capital Southwest by 2.9% in the 4th quarter. Harbor Capital Advisors Inc. now owns 398,887 shares of the asset manager’s stock valued at $8,704,000 after acquiring an additional 11,240 shares in the last quarter. Finally, Tectonic Advisors LLC boosted its stake in Capital Southwest by 21.0% during the 4th quarter. Tectonic Advisors LLC now owns 398,008 shares of the asset manager’s stock valued at $8,685,000 after purchasing an additional 69,174 shares during the last quarter. 23.42% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded Capital Southwest from a “hold” rating to a “sell” rating in a research note on Monday.

Capital Southwest Price Performance

CSWC opened at $22.48 on Wednesday. Capital Southwest Co. has a 1 year low of $20.68 and a 1 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. The company has a market capitalization of $1.14 billion, a price-to-earnings ratio of 15.94 and a beta of 1.21. The firm’s fifty day moving average price is $22.69 and its two-hundred day moving average price is $23.30.

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

Capital Southwest Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be issued a $0.58 dividend. This represents a $2.32 annualized dividend and a dividend yield of 10.32%. The ex-dividend date is Friday, March 14th. Capital Southwest’s dividend payout ratio is presently 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.