Capital Southwest Co. (NASDAQ:CSWC) Sees Large Decline in Short Interest

Capital Southwest Co. (NASDAQ:CSWCGet Free Report) was the target of a large drop in short interest in May. As of May 31st, there was short interest totalling 826,700 shares, a drop of 9.4% from the May 15th total of 912,000 shares. Based on an average trading volume of 296,700 shares, the short-interest ratio is currently 2.8 days.

Hedge Funds Weigh In On Capital Southwest

A number of hedge funds have recently modified their holdings of the business. Van ECK Associates Corp lifted its holdings in shares of Capital Southwest by 15.8% during the first quarter. Van ECK Associates Corp now owns 847,225 shares of the asset manager’s stock worth $21,147,000 after purchasing an additional 115,727 shares during the period. Melia Wealth LLC acquired a new position in shares of Capital Southwest during the fourth quarter worth $16,171,000. Sanders Morris Harris LLC acquired a new position in shares of Capital Southwest during the first quarter worth $16,079,000. Sound Income Strategies LLC lifted its holdings in shares of Capital Southwest by 3.3% during the first quarter. Sound Income Strategies LLC now owns 549,655 shares of the asset manager’s stock worth $13,719,000 after purchasing an additional 17,348 shares during the period. Finally, Beacon Pointe Advisors LLC lifted its holdings in shares of Capital Southwest by 855.5% during the fourth quarter. Beacon Pointe Advisors LLC now owns 405,411 shares of the asset manager’s stock worth $9,608,000 after purchasing an additional 362,981 shares during the period. Institutional investors and hedge funds own 23.42% of the company’s stock.

Capital Southwest Stock Performance

Shares of Capital Southwest stock opened at $25.50 on Wednesday. Capital Southwest has a fifty-two week low of $18.84 and a fifty-two week high of $27.22. 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 firm has a market capitalization of $1.17 billion, a P/E ratio of 12.44 and a beta of 1.21. The company’s 50 day moving average price is $25.79 and its two-hundred day moving average price is $24.76.

Capital Southwest (NASDAQ:CSWCGet Free Report) last issued its earnings results on Tuesday, May 14th. The asset manager reported $0.66 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.66. Capital Southwest had a net margin of 46.81% and a return on equity of 15.88%. The firm had revenue of $46.43 million for the quarter, compared to analyst estimates of $46.01 million. On average, equities analysts forecast that Capital Southwest will post 2.66 earnings per share for the current fiscal year.

Capital Southwest Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be issued a dividend of $0.57 per share. The ex-dividend date of this dividend is Friday, June 14th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 8.94%. Capital Southwest’s dividend payout ratio (DPR) is presently 111.22%.

Analyst Ratings Changes

Separately, JMP Securities lowered shares of Capital Southwest from an “outperform” rating to a “market perform” rating in a research report on Wednesday, May 15th.

Read Our Latest Stock Analysis on Capital Southwest

Capital Southwest Company Profile

(Get Free Report)

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.

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