Catalyst Capital Advisors LLC Decreases Stock Holdings in Capital Southwest Corporation $CSWC

Catalyst Capital Advisors LLC decreased its stake in Capital Southwest Corporation (NASDAQ:CSWC) by 94.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 49,000 shares of the asset manager’s stock after selling 887,000 shares during the quarter. Catalyst Capital Advisors LLC’s holdings in Capital Southwest were worth $1,084,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the stock. Goldman Sachs Group Inc. increased its stake in Capital Southwest by 246.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 257,672 shares of the asset manager’s stock worth $5,751,000 after buying an additional 183,313 shares in the last quarter. HRT Financial LP increased its position in shares of Capital Southwest by 176.0% during the second quarter. HRT Financial LP now owns 242,080 shares of the asset manager’s stock worth $5,335,000 after purchasing an additional 154,384 shares in the last quarter. Muzinich & Co. Inc. increased its position in shares of Capital Southwest by 55.6% during the fourth quarter. Muzinich & Co. Inc. now owns 425,322 shares of the asset manager’s stock worth $9,421,000 after purchasing an additional 152,057 shares in the last quarter. Sound Income Strategies LLC raised its stake in Capital Southwest by 17.1% in the 4th quarter. Sound Income Strategies LLC now owns 885,967 shares of the asset manager’s stock valued at $20,980,000 after purchasing an additional 129,181 shares during the last quarter. Finally, GraniteShares Advisors LLC purchased a new position in Capital Southwest in the 4th quarter valued at $2,713,000. Institutional investors and hedge funds own 23.42% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on CSWC shares. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Capital Southwest in a report on Thursday, June 18th. B. Riley Financial increased their price target on Capital Southwest from $24.00 to $24.50 and gave the company a “buy” rating in a report on Friday, May 15th. Four analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, Capital Southwest presently has an average rating of “Moderate Buy” and a consensus price target of $23.20.

Capital Southwest Stock Performance

Capital Southwest stock opened at $24.30 on Friday. The firm has a 50 day simple moving average of $23.44 and a 200-day simple moving average of $23.05. The stock has a market cap of $1.51 billion, a price-to-earnings ratio of 12.79 and a beta of 0.70. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.11 and a quick ratio of 0.11. Capital Southwest Corporation has a 1-year low of $19.37 and a 1-year high of $24.43.

Capital Southwest Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be issued a dividend of $0.1934 per share. The ex-dividend date is Tuesday, September 15th. This represents a c) dividend on an annualized basis and a dividend yield of 9.6%. Capital Southwest’s dividend payout ratio is currently 122.11%.

Capital Southwest Profile

Capital Southwest (NASDAQ: CSWC) is a publicly traded investment firm structured as a business development company (BDC) that provides customized financing solutions to middle-market companies across the United States. The firm offers a spectrum of debt and equity capital, including senior secured loans, mezzanine debt, and both preferred and common equity investments. By partnering with corporate management teams, Capital Southwest seeks to support growth initiatives, recapitalizations, acquisitions, and ownership transitions.

Founded in 1961 and headquartered in Dallas, Texas, Capital Southwest has cultivated a track record of long-term partnerships with privately held businesses and select public companies.