PNC Financial Services Group Inc. Sells 8,228 Shares of Capital Southwest Co. (NASDAQ:CSWC)

PNC Financial Services Group Inc. reduced its position in Capital Southwest Co. (NASDAQ:CSWC) by 84.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,566 shares of the asset manager’s stock after selling 8,228 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Capital Southwest were worth $34,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Benjamin Edwards Inc. boosted its position in Capital Southwest by 970.6% in the third quarter. Benjamin Edwards Inc. now owns 80,201 shares of the asset manager’s stock valued at $2,028,000 after buying an additional 72,710 shares in the last quarter. Quarry LP bought a new position in shares of Capital Southwest in the third quarter valued at approximately $35,000. Hodges Capital Management Inc. boosted its holdings in shares of Capital Southwest by 7.8% in the 3rd quarter. Hodges Capital Management Inc. now owns 78,305 shares of the asset manager’s stock worth $1,980,000 after acquiring an additional 5,679 shares in the last quarter. MML Investors Services LLC grew its position in Capital Southwest by 124.2% during the 3rd quarter. MML Investors Services LLC now owns 102,730 shares of the asset manager’s stock worth $2,598,000 after acquiring an additional 56,919 shares during the last quarter. Finally, Barclays PLC increased its holdings in Capital Southwest by 1.7% during the 3rd quarter. Barclays PLC now owns 76,083 shares of the asset manager’s stock valued at $1,924,000 after purchasing an additional 1,263 shares in the last quarter. Institutional investors and hedge funds own 23.42% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered Capital Southwest from a “hold” rating to a “sell” rating in a research note on Monday.

Capital Southwest Stock Up 0.6 %

Capital Southwest stock opened at $22.66 on Friday. The firm has a market capitalization of $1.15 billion, a price-to-earnings ratio of 16.07 and a beta of 1.21. The company’s 50 day simple moving average is $22.70 and its 200 day simple moving average is $23.29. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.18 and a quick ratio of 0.18. Capital Southwest Co. has a fifty-two week low of $20.68 and a fifty-two week high of $27.23.

Capital Southwest (NASDAQ:CSWC) last announced its earnings results on Monday, February 3rd. The asset manager reported $0.63 EPS for the quarter, topping the consensus estimate of $0.62 by $0.01. Capital Southwest had a net margin of 33.49% and a return on equity of 15.18%. As a group, sell-side analysts anticipate that Capital Southwest Co. will post 2.54 EPS for the current year.

Capital Southwest Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be given a dividend of $0.58 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $2.32 annualized dividend and a yield of 10.24%. Capital Southwest’s dividend payout ratio (DPR) is presently 164.54%.

Capital Southwest 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.