Capital Southwest Corporation (NASDAQ:CSWC) Given Average Rating of “Moderate Buy” by Brokerages

Shares of Capital Southwest Corporation (NASDAQ:CSWC) have received an average recommendation of “Moderate Buy” from the ten research firms that are currently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $23.6429.

Several analysts have recently issued reports on the stock. Zacks Research lowered shares of Capital Southwest from a “hold” rating to a “strong sell” rating in a research note on Monday, October 13th. Raymond James Financial cut shares of Capital Southwest from an “outperform” rating to a “market perform” rating in a research note on Tuesday, October 7th. Noble Financial upgraded Capital Southwest to a “buy” rating in a research report on Wednesday, November 5th. UBS Group dropped their price target on Capital Southwest from $23.00 to $21.50 and set a “neutral” rating for the company in a research note on Tuesday, October 14th. Finally, Loop Capital restated a “buy” rating and set a $23.00 price target on shares of Capital Southwest in a research report on Wednesday, November 5th.

Institutional Trading of Capital Southwest

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Triumph Capital Management bought a new position in Capital Southwest in the third quarter valued at about $28,000. Fortitude Family Office LLC purchased a new position in shares of Capital Southwest in the second quarter worth $31,000. Tower Research Capital LLC TRC grew its holdings in Capital Southwest by 13,307.1% during the 2nd quarter. Tower Research Capital LLC TRC now owns 1,877 shares of the asset manager’s stock valued at $41,000 after buying an additional 1,863 shares in the last quarter. Nomura Asset Management Co. Ltd. increased its holdings in shares of Capital Southwest by 58.5% in the 2nd quarter. Nomura Asset Management Co. Ltd. now owns 2,135 shares of the asset manager’s stock worth $47,000 after buying an additional 788 shares during the last quarter. Finally, State of Alaska Department of Revenue bought a new stake in shares of Capital Southwest in the 3rd quarter worth about $48,000. Hedge funds and other institutional investors own 23.42% of the company’s stock.

Capital Southwest Stock Performance

Shares of CSWC stock opened at $22.01 on Tuesday. The stock has a market capitalization of $1.26 billion, a PE ratio of 13.67 and a beta of 0.76. The business’s 50 day simple moving average is $20.92 and its 200 day simple moving average is $21.84. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.16 and a quick ratio of 0.16. Capital Southwest has a one year low of $17.46 and a one year high of $23.86.

Capital Southwest (NASDAQ:CSWC) last issued its quarterly earnings results on Monday, November 3rd. The asset manager reported $0.57 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.01). Capital Southwest had a return on equity of 13.64% and a net margin of 39.79%.The firm had revenue of $56.95 million during the quarter, compared to analyst estimates of $55.37 million. During the same quarter last year, the firm posted $0.66 EPS. As a group, research analysts forecast that Capital Southwest will post 2.54 earnings per share for the current year.

Capital Southwest Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Friday, March 13th will be given a dividend of $0.1934 per share. This represents a c) annualized dividend and a yield of 10.5%. The ex-dividend date of this dividend is Friday, March 13th. Capital Southwest’s payout ratio is presently 144.10%.

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.