Signaturefd LLC Cuts Stake in Capital Southwest Co. (NASDAQ:CSWC)

Signaturefd LLC lessened its stake in shares of Capital Southwest Co. (NASDAQ:CSWC) by 34.6% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund 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 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Promus Capital LLC bought a new stake in Capital Southwest in the 4th quarter valued at about $30,000. Quarry LP purchased a new position in shares of Capital Southwest in the third quarter worth about $35,000. Rialto Wealth Management LLC bought a new stake in shares of Capital Southwest in the fourth quarter valued at approximately $105,000. Blue Trust Inc. raised its position in shares of Capital Southwest by 36.3% in the fourth quarter. Blue Trust Inc. now owns 9,741 shares of the asset manager’s stock valued at $213,000 after purchasing an additional 2,594 shares during the period. Finally, Catalina Capital Group LLC purchased a new stake in shares of Capital Southwest during the 4th quarter valued at approximately $289,000. Institutional investors own 23.42% of the company’s stock.

Capital Southwest Stock Up 1.0 %

Shares of NASDAQ CSWC opened at $22.48 on Wednesday. The company has a quick ratio of 0.18, a current ratio of 0.18 and a debt-to-equity ratio of 0.64. The company has a market cap of $1.14 billion, a P/E ratio of 15.94 and a beta of 1.21. Capital Southwest Co. has a 52 week low of $20.68 and a 52 week high of $27.23. The business has a 50-day simple moving average of $22.69 and a two-hundred day simple moving average of $23.30.

Capital Southwest (NASDAQ:CSWC) last released its quarterly earnings data on Monday, February 3rd. The asset manager reported $0.63 EPS for the quarter, beating analysts’ consensus estimates of $0.62 by $0.01. Capital Southwest had a net margin of 33.49% and a return on equity of 15.18%. Research analysts anticipate that Capital Southwest Co. will post 2.54 earnings per share for the current fiscal 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 given a dividend of $0.58 per share. The ex-dividend date is Friday, March 14th. This represents a $2.32 dividend on an annualized basis and a dividend yield of 10.32%. Capital Southwest’s dividend payout ratio (DPR) is currently 164.54%.

Analysts Set New Price Targets

Separately, StockNews.com cut shares of Capital Southwest from a “hold” rating to a “sell” rating in a report on Monday.

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.