Raymond James Has Lowered Expectations for Capital Southwest (NASDAQ:CSWC) Stock Price

Capital Southwest (NASDAQ:CSWC) had its target price reduced by investment analysts at Raymond James from $24.00 to $23.00 in a report released on Friday,Benzinga reports. The brokerage presently has an “outperform” rating on the asset manager’s stock. Raymond James’ price objective points to a potential upside of 7.63% from the stock’s current price.

Several other research analysts also recently weighed in on CSWC. StockNews.com raised shares of Capital Southwest from a “sell” rating to a “hold” rating in a research note on Saturday, April 19th. UBS Group dropped their price objective on shares of Capital Southwest from $23.50 to $20.50 and set a “neutral” rating for the company in a research note on Thursday, April 17th.

Capital Southwest Trading Up 2.4%

Shares of CSWC stock opened at $21.37 on Friday. The firm has a 50-day moving average price of $20.66 and a 200 day moving average price of $21.94. Capital Southwest has a twelve month low of $17.46 and a twelve month high of $27.23. The company has a market capitalization of $1.08 billion, a price-to-earnings ratio of 15.16 and a beta of 0.95. The company has a current ratio of 0.18, a quick ratio of 0.18 and a debt-to-equity ratio of 0.64.

Capital Southwest (NASDAQ:CSWC) last announced its earnings results on Wednesday, May 14th. The asset manager reported $0.54 earnings per share for the quarter, missing the consensus estimate of $0.62 by ($0.08). Capital Southwest had a net margin of 33.49% and a return on equity of 15.18%. The firm had revenue of $52.34 million during the quarter, compared to analyst estimates of $52.83 million. Research analysts forecast that Capital Southwest will post 2.54 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Barclays PLC increased its position in Capital Southwest by 1.7% during the 3rd quarter. Barclays PLC now owns 76,083 shares of the asset manager’s stock worth $1,924,000 after purchasing an additional 1,263 shares in the last quarter. Oppenheimer & Co. Inc. acquired a new stake in Capital Southwest during the 4th quarter worth approximately $326,000. Raymond James Financial Inc. acquired a new stake in Capital Southwest during the 4th quarter worth approximately $4,250,000. JPMorgan Chase & Co. increased its position in Capital Southwest by 934.8% during the 4th quarter. JPMorgan Chase & Co. now owns 39,259 shares of the asset manager’s stock worth $857,000 after purchasing an additional 35,465 shares in the last quarter. Finally, Beacon Pointe Advisors LLC increased its position in Capital Southwest by 1,481.6% during the 4th quarter. Beacon Pointe Advisors LLC now owns 490,291 shares of the asset manager’s stock worth $10,698,000 after purchasing an additional 459,291 shares in the last quarter. Institutional investors and hedge funds own 23.42% of the company’s stock.

Capital Southwest Company 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.