Avantax Advisory Services Inc. Lowers Holdings in Capital Southwest Co. (NASDAQ:CSWC)

Avantax Advisory Services Inc. trimmed its holdings in shares of Capital Southwest Co. (NASDAQ:CSWC) by 2.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 16,120 shares of the asset manager’s stock after selling 457 shares during the quarter. Avantax Advisory Services Inc.’s holdings in Capital Southwest were worth $352,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Raymond James Financial Inc. acquired a new position in shares of Capital Southwest during the fourth quarter worth $4,250,000. Sanders Morris Harris LLC raised its stake in shares of Capital Southwest by 28.0% during the 4th quarter. Sanders Morris Harris LLC now owns 814,584 shares of the asset manager’s stock worth $17,579,000 after buying an additional 178,420 shares during the period. Naviter Wealth LLC acquired a new stake in Capital Southwest in the 4th quarter worth about $1,823,000. Benjamin Edwards Inc. raised its position in shares of Capital Southwest by 970.6% in the third quarter. Benjamin Edwards Inc. now owns 80,201 shares of the asset manager’s stock valued at $2,028,000 after buying an additional 72,710 shares during the last quarter. Finally, Tectonic Advisors LLC lifted its stake in Capital Southwest by 21.0% in the 4th quarter. Tectonic Advisors LLC now owns 398,008 shares of the asset manager’s stock worth $8,685,000 after purchasing an additional 69,174 shares in the last quarter. 23.42% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Capital Southwest Price Performance

CSWC stock opened at $22.26 on Tuesday. Capital Southwest Co. has a 1 year low of $20.68 and a 1 year high of $27.23. The business’s 50-day moving average is $22.68 and its two-hundred day moving average is $23.32. 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 firm has a market capitalization of $1.13 billion, a P/E ratio of 15.79 and a beta of 1.21.

Capital Southwest (NASDAQ:CSWC) last announced its quarterly earnings results on Monday, February 3rd. The asset manager reported $0.63 EPS 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%. Analysts anticipate that Capital Southwest Co. will post 2.54 earnings per share for the current fiscal year.

Capital Southwest Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be paid a $0.58 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $2.32 annualized dividend and a dividend yield of 10.42%. Capital Southwest’s dividend payout ratio (DPR) 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.