Capital Southwest (NASDAQ:CSWC) Shares Pass Above Two Hundred Day Moving Average – Here’s Why

Capital Southwest Corporation (NASDAQ:CSWC)’s share price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $23.27 and traded as high as $24.76. Capital Southwest shares last traded at $24.56, with a volume of 479,870 shares traded.

Analysts Set New Price Targets

Several research firms have recently weighed in on CSWC. Citigroup reaffirmed a “market outperform” rating on shares of Capital Southwest in a report on Wednesday, August 5th. Citizens Jmp increased their price target on shares of Capital Southwest from $25.00 to $26.00 and gave the stock a “market outperform” rating in a report on Wednesday, August 5th. Weiss Ratings restated a “buy (b-)” rating on shares of Capital Southwest in a research report on Thursday, June 18th. Finally, B. Riley Financial lifted their price objective on shares of Capital Southwest from $24.50 to $25.50 and gave the company a “buy” rating in a report on Wednesday, August 5th. Six analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, Capital Southwest currently has a consensus rating of “Moderate Buy” and a consensus target price of $23.60.

Capital Southwest Stock Performance

The company has a current ratio of 0.17, a quick ratio of 0.17 and a debt-to-equity ratio of 0.62. The firm’s fifty day moving average is $23.93 and its 200 day moving average is $23.29. The company has a market cap of $1.59 billion, a PE ratio of 13.79 and a beta of 0.69.

Capital Southwest (NASDAQ:CSWC) last posted its quarterly earnings data on Monday, August 3rd. The asset manager reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.56 by $0.02. Capital Southwest had a net margin of 46.68% and a return on equity of 13.88%. The business had revenue of $61.05 million for the quarter, compared to the consensus estimate of $61.22 million. During the same period last year, the firm posted $0.61 earnings per share. As a group, research analysts predict that Capital Southwest Corporation will post 2.27 EPS for the current fiscal year.

Capital Southwest Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be paid a $0.1934 dividend. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a c) dividend on an annualized basis and a yield of 9.3%. Capital Southwest’s dividend payout ratio (DPR) is currently 128.18%.

Institutional Investors Weigh In On Capital Southwest

Several large investors have recently bought and sold shares of CSWC. Empowered Funds LLC acquired a new stake in shares of Capital Southwest in the first quarter valued at about $13,694,000. Closed End Fund Advisors Inc. acquired a new position in Capital Southwest during the fourth quarter worth about $2,519,000. Empirical Finance LLC purchased a new stake in Capital Southwest during the 1st quarter valued at about $13,689,000. Legal & General Group Plc grew its stake in Capital Southwest by 17.4% during the 4th quarter. Legal & General Group Plc now owns 389,580 shares of the asset manager’s stock valued at $8,639,000 after acquiring an additional 57,679 shares in the last quarter. Finally, FJ Capital Management LLC acquired a new stake in Capital Southwest in the 4th quarter valued at about $2,053,000. 23.42% of the stock is currently owned by hedge funds and other 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.