Redmont Wealth Advisors LLC Has $1.96 Million Stock Holdings in Capital Southwest Co. (NASDAQ:CSWC)

Redmont Wealth Advisors LLC trimmed its position in shares of Capital Southwest Co. (NASDAQ:CSWC) by 1.8% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 78,460 shares of the asset manager’s stock after selling 1,465 shares during the period. Capital Southwest accounts for 2.7% of Redmont Wealth Advisors LLC’s portfolio, making the stock its 8th largest holding. Redmont Wealth Advisors LLC owned 0.18% of Capital Southwest worth $1,958,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Sumitomo Mitsui Trust Holdings Inc. boosted its stake in Capital Southwest by 31.9% in the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 94,701 shares of the asset manager’s stock worth $2,364,000 after purchasing an additional 22,915 shares during the period. First Dallas Securities Inc. boosted its position in shares of Capital Southwest by 7.3% during the first quarter. First Dallas Securities Inc. now owns 53,448 shares of the asset manager’s stock worth $1,334,000 after acquiring an additional 3,621 shares during the last quarter. Hodges Capital Management Inc. grew its stake in Capital Southwest by 7.1% during the first quarter. Hodges Capital Management Inc. now owns 72,376 shares of the asset manager’s stock valued at $1,806,000 after acquiring an additional 4,813 shares in the last quarter. Sunbelt Securities Inc. increased its holdings in Capital Southwest by 25.5% in the 1st quarter. Sunbelt Securities Inc. now owns 24,389 shares of the asset manager’s stock valued at $609,000 after acquiring an additional 4,958 shares during the last quarter. Finally, Sound Income Strategies LLC increased its holdings in Capital Southwest by 3.3% in the 1st quarter. Sound Income Strategies LLC now owns 549,655 shares of the asset manager’s stock valued at $13,719,000 after acquiring an additional 17,348 shares during the last quarter. Hedge funds and other institutional investors own 23.42% of the company’s stock.

Capital Southwest Trading Up 0.3 %

Shares of Capital Southwest stock traded up $0.09 on Wednesday, reaching $26.67. The company had a trading volume of 120,894 shares, compared to its average volume of 348,214. The firm has a market cap of $1.22 billion, a price-to-earnings ratio of 13.01 and a beta of 1.24. 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’s 50-day moving average price is $25.98 and its two-hundred day moving average price is $24.96. Capital Southwest Co. has a 1 year low of $19.59 and a 1 year high of $27.22.

Capital Southwest (NASDAQ:CSWC) last posted its quarterly earnings data on Tuesday, May 14th. The asset manager reported $0.66 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.66. The company had revenue of $46.43 million for the quarter, compared to analyst estimates of $46.01 million. Capital Southwest had a net margin of 46.81% and a return on equity of 15.88%. As a group, research analysts predict that Capital Southwest Co. will post 2.66 earnings per share for the current fiscal year.

Capital Southwest Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, June 14th were paid a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a dividend yield of 8.55%. The ex-dividend date of this dividend was Friday, June 14th. Capital Southwest’s dividend payout ratio is presently 111.22%.

Analyst Ratings Changes

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

About Capital Southwest

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.