Hennion & Walsh Asset Management Inc. Sells 6,157 Shares of Capital Southwest Co. (NASDAQ:CSWC)

Hennion & Walsh Asset Management Inc. lowered its stake in shares of Capital Southwest Co. (NASDAQ:CSWC) by 2.6% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 233,219 shares of the asset manager’s stock after selling 6,157 shares during the quarter. Hennion & Walsh Asset Management Inc.’s holdings in Capital Southwest were worth $6,085,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently added to or reduced their stakes in the company. Foundations Investment Advisors LLC bought a new stake in Capital Southwest during the fourth quarter valued at about $1,326,000. Confluence Investment Management LLC purchased a new stake in Capital Southwest in the first quarter valued at about $2,391,000. Muzinich & Co. Inc. raised its stake in Capital Southwest by 130.2% in the fourth quarter. Muzinich & Co. Inc. now owns 74,979 shares of the asset manager’s stock valued at $1,777,000 after buying an additional 42,412 shares during the last quarter. Van ECK Associates Corp raised its stake in Capital Southwest by 10.6% in the fourth quarter. Van ECK Associates Corp now owns 731,498 shares of the asset manager’s stock valued at $17,337,000 after buying an additional 70,093 shares during the last quarter. Finally, Sanders Morris Harris LLC purchased a new stake in Capital Southwest in the first quarter valued at about $16,079,000. Institutional investors own 23.42% of the company’s stock.

Capital Southwest Stock Performance

CSWC stock traded up $0.29 during trading on Monday, hitting $24.64. 134,921 shares of the company traded hands, compared to its average volume of 325,254. The stock’s 50-day simple moving average is $25.65 and its 200 day simple moving average is $25.18. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.18 and a quick ratio of 0.18. The company has a market cap of $1.13 billion, a PE ratio of 11.92 and a beta of 1.24. Capital Southwest Co. has a 1 year low of $20.72 and a 1 year high of $27.23.

Capital Southwest Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 13th will be issued a $0.64 dividend. This is a positive change from Capital Southwest’s previous quarterly dividend of $0.57. This represents a $2.56 annualized dividend and a yield of 10.39%. The ex-dividend date of this dividend is Friday, September 13th. Capital Southwest’s dividend payout ratio (DPR) is presently 113.17%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on CSWC. B. Riley reduced their price objective on Capital Southwest from $25.00 to $24.00 and set a “neutral” rating for the company in a research note on Wednesday, August 7th. JMP Securities cut Capital Southwest from an “outperform” rating to a “market perform” rating in a research note on Wednesday, May 15th.

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, recapitalizations and growth capital investments. It does not invest in startups, publicly traded companies, real estate developments, project finance opportunities, oil and gas exploration businesses, troubled companies, turnarounds, and companies in which significant senior management is departing.