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

Capital Southwest Corporation (NASDAQ:CSWC) shares reached a new 52-week high during trading on Wednesday . The stock traded as high as $24.43 and last traded at $24.09, with a volume of 38572 shares trading hands. The stock had previously closed at $24.30.

Wall Street Analyst Weigh In

Separately, Weiss Ratings raised shares of Capital Southwest from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, January 28th. Six analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $23.42.

Capital Southwest Stock Down 0.9%

The company has a market capitalization of $1.45 billion, a price-to-earnings ratio of 13.31 and a beta of 0.71. The firm’s 50 day moving average price is $22.65 and its two-hundred day moving average price is $22.19. The company has a current ratio of 0.15, a quick ratio of 0.15 and a debt-to-equity ratio of 0.51.

Capital Southwest (NASDAQ:CSWC) last released its quarterly earnings data on Monday, February 2nd. The asset manager reported $0.64 earnings per share for the quarter, hitting the consensus estimate of $0.64. Capital Southwest had a net margin of 45.46% and a return on equity of 13.76%. The company had revenue of $61.45 million for the quarter, compared to analyst estimates of $57.37 million. During the same period in the previous year, the business earned $0.63 EPS. Sell-side analysts anticipate that Capital Southwest Corporation will post 2.37 earnings per share for the current fiscal year.

Capital Southwest Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be paid a $0.1934 dividend. The ex-dividend date is Monday, June 15th. This represents a c) dividend on an annualized basis and a yield of 9.6%. Capital Southwest’s dividend payout ratio is 128.18%.

Institutional Trading of Capital Southwest

Institutional investors have recently bought and sold shares of the business. Triumph Capital Management acquired a new position in Capital Southwest in the 3rd quarter valued at approximately $28,000. Tower Research Capital LLC TRC increased its position in Capital Southwest by 13,307.1% in the 2nd quarter. Tower Research Capital LLC TRC now owns 1,877 shares of the asset manager’s stock valued at $41,000 after acquiring an additional 1,863 shares during the period. State of Alaska Department of Revenue acquired a new position in Capital Southwest in the 3rd quarter valued at approximately $48,000. Osbon Capital Management LLC acquired a new position in Capital Southwest in the 4th quarter valued at approximately $55,000. Finally, CENTRAL TRUST Co acquired a new position in Capital Southwest in the 1st quarter valued at approximately $60,000. Institutional investors own 23.42% of the company’s stock.

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.