Capital Southwest (NASDAQ:CSWC) Hits New 12-Month High – What’s Next?

Capital Southwest Corporation (NASDAQ:CSWC) shares reached a new 52-week high on Tuesday . The stock traded as high as $24.45 and last traded at $24.1950, with a volume of 69147 shares traded. The stock had previously closed at $23.94.

Analyst Upgrades and Downgrades

CSWC has been the topic of a number of recent analyst reports. Weiss Ratings restated a “buy (b-)” rating on shares of Capital Southwest in a research note on Thursday, June 18th. B. Riley Financial increased their price objective on shares of Capital Southwest from $24.00 to $24.50 and gave the stock a “buy” rating in a research note on Friday, May 15th. Four investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $23.20.

Capital Southwest Stock Performance

The business’s fifty day moving average price is $23.52 and its two-hundred day moving average price is $23.14. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.11 and a current ratio of 0.11. The stock has a market capitalization of $1.51 billion, a P/E ratio of 12.81 and a beta of 0.70.

Capital Southwest Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be paid a dividend of $0.1934 per share. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a c) dividend on an annualized basis and a dividend yield of 9.5%. Capital Southwest’s dividend payout ratio is currently 122.11%.

Institutional Trading of Capital Southwest

Institutional investors and hedge funds have recently made changes to their positions in the business. Royal Bank of Canada raised its stake in shares of Capital Southwest by 13.4% during the first quarter. Royal Bank of Canada now owns 69,139 shares of the asset manager’s stock valued at $1,544,000 after acquiring an additional 8,188 shares in the last quarter. Goldman Sachs Group Inc. boosted its holdings in shares of Capital Southwest by 246.5% in the first quarter. Goldman Sachs Group Inc. now owns 257,672 shares of the asset manager’s stock valued at $5,751,000 after purchasing an additional 183,313 shares during the period. Caxton Associates LLP bought a new position in Capital Southwest in the first quarter worth approximately $318,000. Creative Planning bought a new position in Capital Southwest in the second quarter worth approximately $201,000. Finally, Invesco Ltd. increased its holdings in Capital Southwest by 21.8% during the 2nd quarter. Invesco Ltd. now owns 34,003 shares of the asset manager’s stock worth $749,000 after purchasing an additional 6,094 shares during the period. 23.42% of the stock is currently owned by institutional investors.

About Capital Southwest

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.