Capital Southwest (NASDAQ:CSWC) Upgraded at Zacks Investment Research

Capital Southwest (NASDAQ:CSWCGet Rating) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a note issued to investors on Thursday, Zacks.com reports. The firm presently has a $25.00 target price on the asset manager’s stock. Zacks Investment Research‘s price objective would indicate a potential upside of 10.82% from the stock’s current price.

According to Zacks, “Capital Southwest Corporation is a venture capital investment company whose objective is to achieve capital appreciation through long-term investments in businesses believed to have favorable growth potential. The Company’s investments are focused on early-stage financings, expansion financings, management buyouts and recapitalizations in a broad range of industry segments. The portfolio is a composite of companies in which the Company has major interests as well as a number of developing companies and marketable securities of established publicly-owned companies. “

Other equities research analysts have also issued research reports about the stock. StockNews.com began coverage on shares of Capital Southwest in a research report on Thursday, March 31st. They issued a “hold” rating for the company. TheStreet lowered shares of Capital Southwest from a “b-” rating to a “c” rating in a research report on Friday, February 4th. Finally, Hovde Group lowered their price target on shares of Capital Southwest to $22.00 in a report on Friday, May 20th. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $25.25.

NASDAQ:CSWC remained flat at $$22.56 during trading hours on Thursday. 130,078 shares of the company’s stock were exchanged, compared to its average volume of 130,900. Capital Southwest has a 12 month low of $21.21 and a 12 month high of $28.41. The company’s 50-day moving average is $23.25 and its 200 day moving average is $24.67. The stock has a market cap of $539.77 million, a price-to-earnings ratio of 14.65 and a beta of 1.11. The company has a current ratio of 0.10, a quick ratio of 0.10 and a debt-to-equity ratio of 0.56.

Capital Southwest (NASDAQ:CSWCGet Rating) last released its quarterly earnings data on Monday, May 23rd. The asset manager reported $0.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.02. Capital Southwest had a net margin of 42.58% and a return on equity of 10.50%. During the same period last year, the company earned $0.39 earnings per share. On average, analysts forecast that Capital Southwest will post 1.87 EPS for the current fiscal year.

A number of hedge funds have recently made changes to their positions in the business. Morgan Stanley lifted its position in Capital Southwest by 94.3% in the 2nd quarter. Morgan Stanley now owns 121,634 shares of the asset manager’s stock valued at $2,825,000 after purchasing an additional 59,027 shares during the last quarter. Wells Fargo & Company MN lifted its position in Capital Southwest by 23.2% in the 2nd quarter. Wells Fargo & Company MN now owns 4,900 shares of the asset manager’s stock valued at $114,000 after purchasing an additional 924 shares during the last quarter. Deutsche Bank AG lifted its position in Capital Southwest by 160.3% in the 3rd quarter. Deutsche Bank AG now owns 2,616 shares of the asset manager’s stock valued at $66,000 after purchasing an additional 1,611 shares during the last quarter. Advisor Group Holdings Inc. lifted its position in Capital Southwest by 11.9% in the 3rd quarter. Advisor Group Holdings Inc. now owns 36,726 shares of the asset manager’s stock valued at $926,000 after purchasing an additional 3,915 shares during the last quarter. Finally, BlackRock Inc. lifted its position in Capital Southwest by 17.0% in the 3rd quarter. BlackRock Inc. now owns 149,306 shares of the asset manager’s stock valued at $3,759,000 after purchasing an additional 21,730 shares during the last quarter. 24.47% of the stock is owned by institutional investors.

Capital Southwest Company Profile (Get Rating)

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.

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