Capital Southwest (NASDAQ:CSWC) Stock Price Crosses Above 200-Day Moving Average – What’s Next?

Capital Southwest Corporation (NASDAQ:CSWC)’s share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $22.04 and traded as high as $22.21. Capital Southwest shares last traded at $22.01, with a volume of 721,630 shares trading hands.

Analyst Ratings Changes

CSWC has been the subject of a number of research analyst reports. Zacks Research raised Capital Southwest from a “strong sell” rating to a “hold” rating in a research report on Monday, January 5th. Weiss Ratings raised Capital Southwest from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, January 28th. Six analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $23.42.

Capital Southwest Trading Up 0.1%

The company has a market capitalization of $1.32 billion, a PE ratio of 12.16 and a beta of 0.75. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.15 and a quick ratio of 0.15. The company’s fifty day moving average is $22.89 and its 200-day moving average is $22.04.

Capital Southwest (NASDAQ:CSWC) last posted its earnings results on Monday, February 2nd. The asset manager reported $0.64 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.64. Capital Southwest had a return on equity of 13.76% and a net margin of 45.46%.The company had revenue of $61.45 million during the quarter, compared to analyst estimates of $57.37 million. During the same quarter in the prior year, the business earned $0.63 earnings per share. On average, analysts anticipate that Capital Southwest Corporation will post 2.54 EPS for the current fiscal year.

Capital Southwest Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be given a dividend of $0.1934 per share. The ex-dividend date of this dividend is Monday, June 15th. This represents a c) dividend on an annualized basis and a yield of 10.5%. Capital Southwest’s dividend payout ratio (DPR) is presently 128.18%.

Hedge Funds Weigh In On Capital Southwest

A number of large investors have recently added to or reduced their stakes in the company. Cozad Asset Management Inc. boosted its holdings in shares of Capital Southwest by 1.0% in the 3rd quarter. Cozad Asset Management Inc. now owns 49,676 shares of the asset manager’s stock valued at $1,086,000 after buying an additional 515 shares in the last quarter. Apollon Wealth Management LLC raised its stake in shares of Capital Southwest by 3.2% during the 3rd quarter. Apollon Wealth Management LLC now owns 24,551 shares of the asset manager’s stock worth $537,000 after acquiring an additional 754 shares in the last quarter. Nomura Asset Management Co. Ltd. lifted its position in Capital Southwest by 58.5% during the second quarter. Nomura Asset Management Co. Ltd. now owns 2,135 shares of the asset manager’s stock valued at $47,000 after acquiring an additional 788 shares during the last quarter. Dearborn Partners LLC boosted its stake in Capital Southwest by 4.5% in the fourth quarter. Dearborn Partners LLC now owns 19,999 shares of the asset manager’s stock valued at $443,000 after acquiring an additional 864 shares in the last quarter. Finally, MAI Capital Management grew its holdings in Capital Southwest by 32.5% in the second quarter. MAI Capital Management now owns 3,524 shares of the asset manager’s stock worth $78,000 after purchasing an additional 865 shares during the last quarter. 23.42% of the stock is currently owned by institutional investors.

Capital Southwest Company Profile

Capital Southwest (NASDAQ: CSWC) is a publicly traded investment firm structured as a business development company (BDC) that provides customized financing solutions to middle-market companies across the United States. The firm offers a spectrum of debt and equity capital, including senior secured loans, mezzanine debt, and both preferred and common equity investments. By partnering with corporate management teams, Capital Southwest seeks to support growth initiatives, recapitalizations, acquisitions, and ownership transitions.

Founded in 1961 and headquartered in Dallas, Texas, Capital Southwest has cultivated a track record of long-term partnerships with privately held businesses and select public companies.