Capital Southwest (NASDAQ:CSWC) Stock Price Passes Above 200 Day Moving Average – Here’s Why

Capital Southwest Corporation (NASDAQ:CSWC)’s share price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $21.81 and traded as high as $22.52. Capital Southwest shares last traded at $22.24, with a volume of 642,535 shares.

Wall Street Analyst Weigh In

A number of research analysts have commented on the stock. Loop Capital reissued a “buy” rating and set a $23.00 target price on shares of Capital Southwest in a research report on Wednesday, November 5th. Raymond James Financial lowered shares of Capital Southwest from an “outperform” rating to a “market perform” rating in a report on Tuesday, October 7th. Capital One Financial set a $22.00 target price on Capital Southwest in a report on Tuesday, November 4th. Noble Financial upgraded Capital Southwest to a “buy” rating in a report on Wednesday, November 5th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Capital Southwest in a research report on Monday. Six analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $23.64.

Capital Southwest Stock Down 0.7%

The company’s fifty day simple moving average is $20.90 and its 200-day simple moving average is $21.81. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.16 and a quick ratio of 0.16. The firm has a market capitalization of $1.28 billion, a PE ratio of 13.81 and a beta of 0.76.

Capital Southwest (NASDAQ:CSWC) last issued its quarterly earnings data on Monday, November 3rd. The asset manager reported $0.57 EPS for the quarter, missing the consensus estimate of $0.58 by ($0.01). Capital Southwest had a net margin of 39.79% and a return on equity of 13.64%. The business had revenue of $56.95 million for the quarter, compared to analysts’ expectations of $55.37 million. During the same quarter in the prior year, the company posted $0.66 EPS. On average, analysts forecast that Capital Southwest Corporation will post 2.54 EPS for the current year.

Capital Southwest Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Friday, March 13th will be paid a dividend of $0.1934 per share. The ex-dividend date is Friday, March 13th. This represents a c) dividend on an annualized basis and a dividend yield of 10.4%. Capital Southwest’s payout ratio is presently 144.10%.

Institutional Trading of Capital Southwest

Institutional investors have recently bought and sold shares of the stock. LPL Financial LLC increased its stake in Capital Southwest by 16.9% during the 1st quarter. LPL Financial LLC now owns 197,678 shares of the asset manager’s stock valued at $4,412,000 after purchasing an additional 28,624 shares in the last quarter. Raymond James Financial Inc. lifted its stake in shares of Capital Southwest by 54.3% during the first quarter. Raymond James Financial Inc. now owns 300,600 shares of the asset manager’s stock worth $6,709,000 after buying an additional 105,845 shares during the period. Quantbot Technologies LP grew its holdings in shares of Capital Southwest by 68.0% during the first quarter. Quantbot Technologies LP now owns 61,553 shares of the asset manager’s stock valued at $1,374,000 after buying an additional 24,922 shares during the last quarter. Kestra Advisory Services LLC increased its position in shares of Capital Southwest by 4.9% in the 1st quarter. Kestra Advisory Services LLC now owns 46,888 shares of the asset manager’s stock valued at $1,047,000 after acquiring an additional 2,197 shares during the period. Finally, Samalin Investment Counsel LLC increased its position in shares of Capital Southwest by 5.5% in the 1st quarter. Samalin Investment Counsel LLC now owns 23,955 shares of the asset manager’s stock valued at $535,000 after acquiring an additional 1,251 shares during the period. 23.42% of the stock is currently owned by institutional investors and hedge funds.

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.