Total Clarity Wealth Management Inc. Sells 13,825 Shares of Capital Southwest Co. (NASDAQ:CSWC)

Total Clarity Wealth Management Inc. lowered its stake in shares of Capital Southwest Co. (NASDAQ:CSWC) by 14.2% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 83,335 shares of the asset manager’s stock after selling 13,825 shares during the quarter. Total Clarity Wealth Management Inc.’s holdings in Capital Southwest were worth $2,174,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the business. Pinkerton Retirement Specialists LLC bought a new position in Capital Southwest in the 2nd quarter valued at $434,000. First Dallas Securities Inc. grew its position in Capital Southwest by 1.5% in the 2nd quarter. First Dallas Securities Inc. now owns 54,223 shares of the asset manager’s stock valued at $1,415,000 after acquiring an additional 775 shares during the last quarter. Foundations Investment Advisors LLC grew its position in Capital Southwest by 3.0% in the 2nd quarter. Foundations Investment Advisors LLC now owns 67,403 shares of the asset manager’s stock valued at $1,759,000 after acquiring an additional 1,950 shares during the last quarter. Cozad Asset Management Inc. grew its position in Capital Southwest by 3.9% in the 2nd quarter. Cozad Asset Management Inc. now owns 64,778 shares of the asset manager’s stock valued at $1,690,000 after acquiring an additional 2,408 shares during the last quarter. Finally, Legacy Capital Wealth Partners LLC bought a new position in Capital Southwest in the 2nd quarter valued at $1,775,000. Institutional investors own 23.42% of the company’s stock.

Capital Southwest Price Performance

Shares of CSWC stock opened at $24.91 on Monday. Capital Southwest Co. has a twelve month low of $20.72 and a twelve month high of $27.23. The stock has a market capitalization of $1.17 billion, a price-to-earnings ratio of 12.15 and a beta of 1.24. The stock has a fifty day simple moving average of $25.26 and a two-hundred day simple moving average of $25.34. The company has a current ratio of 0.12, a quick ratio of 0.12 and a debt-to-equity ratio of 0.29.

Capital Southwest (NASDAQ:CSWC) last issued its earnings results on Monday, August 5th. The asset manager reported $0.63 earnings per share for the quarter, missing the consensus estimate of $0.66 by ($0.03). The firm had revenue of $51.35 million during the quarter, compared to analysts’ expectations of $49.31 million. Capital Southwest had a return on equity of 15.70% and a net margin of 38.92%. On average, analysts predict that Capital Southwest Co. will post 2.5 EPS for the current fiscal year.

Capital Southwest Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 13th will be paid a dividend of $0.64 per share. This is a boost from Capital Southwest’s previous quarterly dividend of $0.57. This represents a $2.56 dividend on an annualized basis and a dividend yield of 10.28%. The ex-dividend date of this dividend is Friday, September 13th. Capital Southwest’s dividend payout ratio is 111.22%.

Analysts Set New Price Targets

Separately, B. Riley lowered their target price on Capital Southwest from $25.00 to $24.00 and set a “neutral” rating for the company in a report on Wednesday, August 7th.

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.