Capital Southwest Corporation (NASDAQ:CSWC – Get Free Report) has been given a consensus rating of “Moderate Buy” by the eight ratings firms that are currently covering the stock, MarketBeat reports. Two analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $24.10.
Several brokerages have recently commented on CSWC. Citigroup reiterated a “market outperform” rating on shares of Capital Southwest in a research report on Wednesday, August 5th. UBS Group boosted their price target on Capital Southwest from $23.50 to $24.00 and gave the company a “neutral” rating in a report on Friday, October 9th. Weiss Ratings lowered Capital Southwest from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday, October 13th. Citizens Jmp upped their price target on Capital Southwest from $25.00 to $26.00 and gave the company a “market outperform” rating in a research report on Wednesday, August 5th. Finally, B. Riley Financial raised their price objective on Capital Southwest from $24.50 to $25.50 and gave the stock a “buy” rating in a research note on Wednesday, August 5th.
Check Out Our Latest Stock Analysis on Capital Southwest
Capital Southwest Price Performance
NASDAQ:CSWC opened at $23.08 on Monday. The company has a market capitalization of $1.47 billion, a price-to-earnings ratio of 12.75 and a beta of 0.71. Capital Southwest has a one year low of $19.91 and a one year high of $25.75. The stock has a 50-day simple moving average of $24.15 and a 200 day simple moving average of $23.73. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.17 and a current ratio of 0.17.
Capital Southwest (NASDAQ:CSWC – Get Free Report) last announced its quarterly earnings data on Monday, August 3rd. The asset manager reported $0.58 earnings per share for the quarter, beating the consensus estimate of $0.56 by $0.02. Capital Southwest had a return on equity of 13.88% and a net margin of 46.68%. The firm had revenue of $61.05 million during the quarter, compared to analyst estimates of $61.22 million. During the same period in the previous year, the company earned $0.61 earnings per share. Sell-side analysts predict that Capital Southwest will post 2.27 EPS for the current fiscal year.
Capital Southwest Announces Dividend
The firm also recently announced a monthly dividend, which will be paid on Thursday, December 31st. Shareholders of record on Tuesday, December 15th will be paid a dividend of $0.1934 per share. The ex-dividend date is Tuesday, December 15th. This represents a $2.32 annualized dividend and a yield of 10.1%. Capital Southwest’s payout ratio is presently 128.18%.
Insider Buying and Selling at Capital Southwest
In other Capital Southwest news, Director William Thomas, III bought 2,170 shares of the company’s stock in a transaction on Thursday, October 1st. The shares were bought at an average cost of $23.04 per share, with a total value of $49,996.80. Following the completion of the acquisition, the director owned 22,842 shares of the company’s stock, valued at approximately $526,279.68. This trade represents a 10.50% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 2.70% of the company’s stock.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently modified their holdings of the business. Van ECK Associates Corp raised its position in shares of Capital Southwest by 35.4% during the 2nd quarter. Van ECK Associates Corp now owns 1,526,667 shares of the asset manager’s stock worth $36,289,000 after purchasing an additional 399,106 shares during the period. Sound Income Strategies LLC lifted its holdings in shares of Capital Southwest by 2.0% in the 1st quarter. Sound Income Strategies LLC now owns 903,329 shares of the asset manager’s stock worth $19,810,000 after purchasing an additional 17,362 shares during the last quarter. Empowered Funds LLC bought a new stake in shares of Capital Southwest in the 1st quarter worth approximately $13,694,000. Empirical Finance LLC acquired a new position in Capital Southwest during the 1st quarter valued at approximately $13,689,000. Finally, Legal & General Group Plc acquired a new position in Capital Southwest during the 2nd quarter valued at approximately $11,886,000. 23.42% of the stock is owned by institutional investors and hedge funds.
Capital Southwest Company Profile
Capital Southwest Corporation (NASDAQ: CSWC) is an internally managed business development company (BDC) that provides financing and investment solutions to middle-market companies. The company primarily invests in privately held businesses through secured debt, including first-lien, second-lien and unitranche loans, as well as subordinated debt and equity investments.
Capital Southwest generally focuses on established lower-middle-market companies in the United States. Its portfolio companies operate across a range of industries, and the company seeks to support acquisitions, recapitalizations, growth initiatives and other strategic or general corporate purposes through customized financing arrangements.
Founded in 1961, Capital Southwest has a long history as an investment company and operates under the regulatory framework governing BDCs.
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