Capital Southwest Corporation (NASDAQ:CSWC) Given Average Rating of “Moderate Buy” by Analysts

Capital Southwest Corporation (NASDAQ:CSWC) has been given a consensus rating of “Moderate Buy” by the nine research firms that are presently covering the company, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 1 year price target among brokers that have covered the stock in the last year is $23.60.

A number of analysts have recently weighed in on CSWC shares. B. Riley Financial upped their target price on shares of Capital Southwest from $24.50 to $25.50 and gave the stock a “buy” rating in a research report on Wednesday, August 5th. Weiss Ratings reissued a “buy (b-)” rating on shares of Capital Southwest in a research report on Thursday, June 18th. Citizens Jmp upped their price objective 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. Finally, Citigroup reaffirmed a “market outperform” rating on shares of Capital Southwest in a research note on Wednesday, August 5th.

Capital Southwest Stock Performance

Shares of CSWC opened at $25.40 on Friday. The company has a 50-day simple moving average of $24.11 and a two-hundred day simple moving average of $23.35. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.17 and a quick ratio of 0.17. The firm has a market capitalization of $1.62 billion, a PE ratio of 14.03 and a beta of 0.69. Capital Southwest has a one year low of $19.37 and a one year high of $25.48.

Capital Southwest (NASDAQ:CSWC) last announced its earnings results on Monday, August 3rd. The asset manager reported $0.58 earnings per share (EPS) for the quarter, topping 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 quarter in the prior year, the company earned $0.61 EPS. On average, analysts anticipate that Capital Southwest 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 Thursday, December 31st. Investors of record on Tuesday, December 15th will be paid a $0.1934 dividend. The ex-dividend date is Tuesday, December 15th. This represents a c) annualized dividend and a dividend yield of 9.1%. Capital Southwest’s dividend payout ratio is presently 128.18%.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. Empowered Funds LLC bought a new position in Capital Southwest in the 1st quarter worth about $13,694,000. Empirical Finance LLC bought a new stake in Capital Southwest during the 1st quarter valued at about $13,689,000. Legal & General Group Plc purchased a new position in Capital Southwest in the second quarter worth about $11,886,000. Van ECK Associates Corp lifted its stake in shares of Capital Southwest by 35.4% in the second quarter. Van ECK Associates Corp now owns 1,526,667 shares of the asset manager’s stock worth $36,289,000 after buying an additional 399,106 shares in the last quarter. Finally, Melia Wealth LLC bought a new position in shares of Capital Southwest in the second quarter worth approximately $8,979,000. Hedge funds and other institutional investors own 23.42% of the company’s stock.

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.