Legacy Capital Wealth Partners LLC Reduces Position in Capital Southwest Co. (NASDAQ:CSWC)

Legacy Capital Wealth Partners LLC lessened its holdings in shares of Capital Southwest Co. (NASDAQ:CSWC) by 7.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 68,284 shares of the asset manager’s stock after selling 5,693 shares during the period. Legacy Capital Wealth Partners LLC owned about 0.16% of Capital Southwest worth $1,618,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. SMH Capital Advisors Inc. boosted its holdings in shares of Capital Southwest by 3.6% in the third quarter. SMH Capital Advisors Inc. now owns 17,023 shares of the asset manager’s stock valued at $390,000 after purchasing an additional 592 shares during the period. Global Retirement Partners LLC purchased a new stake in shares of Capital Southwest in the fourth quarter valued at approximately $26,000. Golden Green Inc. boosted its holdings in shares of Capital Southwest by 1.1% in the third quarter. Golden Green Inc. now owns 122,481 shares of the asset manager’s stock valued at $2,805,000 after purchasing an additional 1,317 shares during the period. Signaturefd LLC boosted its holdings in shares of Capital Southwest by 121.1% in the fourth quarter. Signaturefd LLC now owns 2,563 shares of the asset manager’s stock valued at $61,000 after purchasing an additional 1,404 shares during the period. Finally, Morton Brown Family Wealth LLC purchased a new stake in shares of Capital Southwest in the fourth quarter valued at approximately $34,000. Hedge funds and other institutional investors own 23.42% of the company’s stock.

Capital Southwest Price Performance

Shares of CSWC stock traded up $0.10 during mid-day trading on Friday, hitting $25.89. 137,202 shares of the stock were exchanged, compared to its average volume of 172,717. The firm has a fifty day moving average of $24.50 and a 200 day moving average of $23.66. The company has a quick ratio of 0.14, a current ratio of 0.14 and a debt-to-equity ratio of 0.45. Capital Southwest Co. has a 52-week low of $17.36 and a 52-week high of $26.17. The company has a market cap of $1.11 billion, a PE ratio of 11.02 and a beta of 1.21.

Capital Southwest (NASDAQ:CSWC) last released its quarterly earnings results on Tuesday, January 30th. The asset manager reported $0.70 earnings per share for the quarter, topping the consensus estimate of $0.66 by $0.04. Capital Southwest had a net margin of 52.16% and a return on equity of 15.82%. The firm had revenue of $48.57 million during the quarter, compared to the consensus estimate of $45.12 million. During the same quarter in the prior year, the firm earned $0.62 EPS. Research analysts anticipate that Capital Southwest Co. will post 2.69 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. JMP Securities reissued a “market outperform” rating and issued a $26.00 price objective on shares of Capital Southwest in a research note on Tuesday, March 26th. Raymond James boosted their price objective on shares of Capital Southwest from $24.00 to $26.50 and gave the stock an “outperform” rating in a research note on Wednesday, January 31st. Finally, B. Riley upped their price target on Capital Southwest from $23.50 to $24.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 31st. Two research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $25.50.

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.