Melia Wealth LLC Has $9.29 Million Position in Capital Southwest Co. (NASDAQ:CSWC)

Melia Wealth LLC reduced its stake in Capital Southwest Co. (NASDAQ:CSWC) by 45.5% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 372,073 shares of the asset manager’s stock after selling 310,264 shares during the period. Capital Southwest comprises approximately 5.2% of Melia Wealth LLC’s investment portfolio, making the stock its 12th largest position. Melia Wealth LLC owned 0.87% of Capital Southwest worth $9,287,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Beacon Pointe Advisors LLC raised its holdings in Capital Southwest by 855.5% in the 4th quarter. Beacon Pointe Advisors LLC now owns 405,411 shares of the asset manager’s stock valued at $9,608,000 after buying an additional 362,981 shares during the last quarter. Confluence Investment Management LLC bought a new position in Capital Southwest in the 1st quarter valued at approximately $2,391,000. Total Clarity Wealth Management Inc. bought a new position in Capital Southwest in the 4th quarter valued at approximately $2,229,000. Van ECK Associates Corp raised its holdings in Capital Southwest by 10.6% in the 4th quarter. Van ECK Associates Corp now owns 731,498 shares of the asset manager’s stock valued at $17,337,000 after buying an additional 70,093 shares during the last quarter. Finally, Hodges Capital Management Inc. bought a new position in Capital Southwest in the 3rd quarter valued at approximately $1,452,000. 23.42% of the stock is currently owned by institutional investors and hedge funds.

Capital Southwest Trading Down 0.9 %

Shares of CSWC stock traded down $0.22 during trading hours on Thursday, hitting $25.28. 263,666 shares of the company were exchanged, compared to its average volume of 353,097. The firm has a market cap of $1.16 billion, a P/E ratio of 12.38 and a beta of 1.21. Capital Southwest Co. has a fifty-two week low of $18.84 and a fifty-two week high of $27.22. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.18 and a current ratio of 0.18. The company has a 50 day simple moving average of $25.80 and a two-hundred day simple moving average of $24.77.

Capital Southwest (NASDAQ:CSWC) last posted its quarterly earnings results on Tuesday, May 14th. The asset manager reported $0.66 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.66. Capital Southwest had a net margin of 46.81% and a return on equity of 15.88%. The business had revenue of $46.43 million during the quarter, compared to the consensus estimate of $46.01 million. Equities analysts anticipate that Capital Southwest Co. will post 2.66 EPS for the current year.

Capital Southwest Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be issued a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a yield of 9.02%. The ex-dividend date is Friday, June 14th. Capital Southwest’s dividend payout ratio is 111.22%.

Wall Street Analysts Forecast Growth

Separately, JMP Securities lowered shares of Capital Southwest from an “outperform” rating to a “market perform” rating in a report on Wednesday, May 15th.

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, 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.