Capital Southwest (NASDAQ:CSWC) Raised to Outperform at Citizens Jmp

Citizens Jmp upgraded shares of Capital Southwest (NASDAQ:CSWC) from a market perform rating to an outperform rating in a report released on Tuesday morning, MarketBeat reports. Citizens Jmp currently has $25.00 target price on the asset manager’s stock.

A number of other equities research analysts have also issued reports on CSWC. Raymond James Financial decreased their target price on shares of Capital Southwest from $24.00 to $23.00 and set an “outperform” rating for the company in a research note on Friday, May 16th. UBS Group decreased their target price 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. Wall Street Zen raised shares of Capital Southwest from a “sell” rating to a “hold” rating in a research note on Saturday, April 19th. Finally, B. Riley raised shares of Capital Southwest to a “strong-buy” rating in a research note on Monday, June 16th. Two analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $23.60.

Capital Southwest Trading Up 2.3%

Capital Southwest stock opened at $21.78 on Tuesday. The company has a 50 day moving average price of $20.71 and a 200 day moving average price of $21.53. Capital Southwest has a 52 week low of $17.46 and a 52 week high of $27.23. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.18 and a current ratio of 0.18. The firm has a market capitalization of $1.17 billion, a price-to-earnings ratio of 14.72 and a beta of 0.94.

Capital Southwest (NASDAQ:CSWC) last posted its quarterly earnings data on Wednesday, May 14th. The asset manager reported $0.54 EPS for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.08). Capital Southwest had a return on equity of 14.40% and a net margin of 34.51%. The firm had revenue of $52.34 million during the quarter, compared to analyst estimates of $52.83 million. During the same period in the prior year, the business posted $0.68 EPS. Research analysts forecast that Capital Southwest will post 2.54 EPS for the current year.

Capital Southwest Announces Dividend

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in CSWC. Promus Capital LLC acquired a new position in Capital Southwest in the fourth quarter worth about $30,000. Ameriflex Group Inc. acquired a new position in Capital Southwest in the fourth quarter worth about $33,000. Quarry LP raised its position in Capital Southwest by 52.5% in the fourth quarter. Quarry LP now owns 2,126 shares of the asset manager’s stock worth $46,000 after purchasing an additional 732 shares in the last quarter. Nomura Asset Management Co. Ltd. raised 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 worth $48,000 after purchasing an additional 1,571 shares in the last quarter. Finally, Garde Capital Inc. acquired a new position in Capital Southwest in the first quarter worth about $54,000. Institutional investors own 23.42% of the company’s stock.

About Capital Southwest

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.