Redmont Wealth Advisors LLC Decreases Holdings in Capital Southwest Co. (NASDAQ:CSWC)

Redmont Wealth Advisors LLC lessened its stake in shares of Capital Southwest Co. (NASDAQ:CSWC) by 2.5% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 66,939 shares of the asset manager’s stock after selling 1,719 shares during the period. Capital Southwest accounts for about 2.5% of Redmont Wealth Advisors LLC’s investment portfolio, making the stock its 8th biggest holding. Redmont Wealth Advisors LLC owned approximately 0.14% of Capital Southwest worth $1,461,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Quarry LP purchased a new position in shares of Capital Southwest during the 3rd quarter valued at $35,000. EverSource Wealth Advisors LLC bought a new stake in Capital Southwest during the second quarter valued at about $58,000. Northwestern Mutual Wealth Management Co. purchased a new position in shares of Capital Southwest in the second quarter valued at about $104,000. Nisa Investment Advisors LLC bought a new position in shares of Capital Southwest in the third quarter worth about $106,000. Finally, Hollencrest Capital Management grew its position in shares of Capital Southwest by 8.6% during the third quarter. Hollencrest Capital Management now owns 6,527 shares of the asset manager’s stock worth $165,000 after purchasing an additional 518 shares in the last quarter. Hedge funds and other institutional investors own 23.42% of the company’s stock.

Capital Southwest Stock Performance

Shares of NASDAQ CSWC opened at $22.44 on Thursday. The company has a market cap of $1.07 billion, a P/E ratio of 13.68 and a beta of 1.24. Capital Southwest Co. has a 52-week low of $20.68 and a 52-week high of $27.23. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.16 and a current ratio of 0.16. The firm’s fifty day moving average is $22.36 and its two-hundred day moving average is $24.11.

Capital Southwest (NASDAQ:CSWC) last issued its earnings results on Monday, October 28th. The asset manager reported $0.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.65 by $0.01. Capital Southwest had a return on equity of 15.54% and a net margin of 37.77%. The firm had revenue of $48.71 million for the quarter, compared to analysts’ expectations of $49.79 million. During the same period in the previous year, the firm posted $0.69 earnings per share. As a group, analysts anticipate that Capital Southwest Co. will post 2.53 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, B. Riley boosted their price target on Capital Southwest from $24.00 to $24.50 and gave the stock a “neutral” rating in a report on Wednesday, October 30th.

Capital Southwest Company 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.