B. Riley Wealth Advisors Inc. Sells 2,298 Shares of Capital Southwest Co. (NASDAQ:CSWC)

B. Riley Wealth Advisors Inc. cut its position in Capital Southwest Co. (NASDAQ:CSWC) by 4.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 46,685 shares of the asset manager’s stock after selling 2,298 shares during the quarter. B. Riley Wealth Advisors Inc. owned 0.10% of Capital Southwest worth $1,181,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Quarry LP bought a new position in Capital Southwest in the 3rd quarter valued at approximately $35,000. EverSource Wealth Advisors LLC acquired a new position in shares of Capital Southwest during the second quarter worth $58,000. Northwestern Mutual Wealth Management Co. bought a new stake in shares of Capital Southwest in the second quarter worth $104,000. Nisa Investment Advisors LLC acquired a new stake in Capital Southwest in the third quarter valued at $106,000. Finally, Hollencrest Capital Management raised its position in Capital Southwest by 8.6% during the 3rd quarter. Hollencrest Capital Management now owns 6,527 shares of the asset manager’s stock worth $165,000 after purchasing an additional 518 shares during the last quarter. 23.42% of the stock is owned by institutional investors and hedge funds.

Capital Southwest Stock Down 1.2 %

Shares of NASDAQ CSWC opened at $21.47 on Tuesday. Capital Southwest Co. has a 52-week low of $21.43 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 company’s 50 day moving average price is $23.89 and its 200-day moving average price is $24.89. The company has a market capitalization of $1.02 billion, a P/E ratio of 13.09 and a beta of 1.23.

Capital Southwest (NASDAQ:CSWC) last released its earnings results on Monday, October 28th. The asset manager reported $0.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.65 by $0.01. Capital Southwest had a net margin of 37.77% and a return on equity of 15.54%. The business had revenue of $48.71 million for the quarter, compared to analyst estimates of $49.79 million. During the same quarter in the previous year, the business earned $0.69 earnings per share. Equities analysts forecast that Capital Southwest Co. will post 2.54 earnings per share for the current year.

Capital Southwest Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be paid a dividend of $0.63 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a $2.52 annualized dividend and a yield of 11.74%. Capital Southwest’s dividend payout ratio is currently 141.46%.

Wall Street Analysts Forecast Growth

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

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, industry consolidation, recapitalizations and growth capital investments.