Capital Southwest Corporation (NASDAQ:CSWC) Receives $23.60 Average Price Target from Brokerages

Shares of Capital Southwest Corporation (NASDAQ:CSWC) have earned an average recommendation of “Buy” from the six research firms that are covering the company, MarketBeat reports. One investment analyst has rated the stock with a hold recommendation, four have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $23.60.

CSWC has been the topic of a number of analyst reports. Citizens Jmp raised Capital Southwest from a “market perform” rating to an “outperform” rating and set a $25.00 price objective on the stock in a research report on Tuesday. Wall Street Zen raised Capital Southwest from a “sell” rating to a “hold” rating in a report on Saturday, April 19th. JMP Securities raised Capital Southwest from a “market perform” rating to a “market outperform” rating and set a $25.00 price target on the stock in a report on Tuesday. B. Riley raised Capital Southwest to a “strong-buy” rating in a report on Monday, June 16th. Finally, UBS Group decreased their price objective on Capital Southwest from $23.50 to $20.50 and set a “neutral” rating on the stock in a report on Thursday, April 17th.

Institutional Investors Weigh In On Capital Southwest

Hedge funds have recently made changes to their positions in the company. Promus Capital LLC purchased a new stake in shares of Capital Southwest during the 4th quarter worth $30,000. Ameriflex Group Inc. acquired a new position in shares of Capital Southwest during the fourth quarter valued at about $33,000. Quarry LP increased its holdings in shares of Capital Southwest by 52.5% during the fourth quarter. Quarry LP now owns 2,126 shares of the asset manager’s stock valued at $46,000 after acquiring an additional 732 shares in the last quarter. Nomura Asset Management Co. Ltd. boosted its position in Capital Southwest by 243.2% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 2,217 shares of the asset manager’s stock valued at $48,000 after buying an additional 1,571 shares during the last quarter. Finally, Garde Capital Inc. purchased a new stake in Capital Southwest in the first quarter valued at approximately $54,000. 23.42% of the stock is currently owned by hedge funds and other institutional investors.

Capital Southwest Stock Performance

Shares of Capital Southwest stock opened at $21.78 on Tuesday. The company has a current ratio of 0.18, a quick ratio of 0.18 and a debt-to-equity ratio of 0.58. The firm has a market capitalization of $1.17 billion, a P/E ratio of 14.72 and a beta of 0.94. The business has a fifty day simple moving average of $20.71 and a two-hundred day simple moving average of $21.53. Capital Southwest has a 12 month low of $17.46 and a 12 month high of $27.23.

Capital Southwest (NASDAQ:CSWC) last issued its quarterly 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). The company had revenue of $52.34 million for the quarter, compared to the consensus estimate of $52.83 million. Capital Southwest had a net margin of 34.51% and a return on equity of 14.40%. During the same quarter in the previous year, the business earned $0.68 earnings per share. On average, equities analysts forecast that Capital Southwest will post 2.54 earnings per share for the current fiscal year.

Capital Southwest Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th will be given a $0.1934 dividend. This represents a $2.32 annualized dividend and a yield of 10.66%. The ex-dividend date of this dividend is Monday, September 15th. Capital Southwest’s dividend payout ratio (DPR) is presently 156.76%.

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.