Capital Southwest (NASDAQ:CSWC) Hits New 52-Week Low – What’s Next?

Capital Southwest Co. (NASDAQ:CSWC) shares reached a new 52-week low during trading on Friday . The company traded as low as $21.82 and last traded at $21.87, with a volume of 150319 shares changing hands. The stock had previously closed at $21.92.

Analyst Ratings Changes

Separately, B. Riley boosted their target price on shares of Capital Southwest from $24.00 to $24.50 and gave the company a “neutral” rating in a report on Wednesday, October 30th.

Capital Southwest Trading Down 0.6 %

The company has a debt-to-equity ratio of 0.35, a current ratio of 0.16 and a quick ratio of 0.16. The business has a fifty day moving average of $23.96 and a 200-day moving average of $24.93. The stock has a market capitalization of $1.04 billion, a price-to-earnings ratio of 13.75 and a beta of 1.23.

Capital Southwest (NASDAQ:CSWC) last posted its quarterly earnings data on Monday, October 28th. The asset manager reported $0.66 earnings per share for the quarter, topping the consensus estimate of $0.65 by $0.01. The firm had revenue of $48.71 million for the quarter, compared to analysts’ expectations of $49.79 million. Capital Southwest had a net margin of 37.77% and a return on equity of 15.54%. During the same period in the previous year, the company posted $0.69 EPS. On average, equities analysts anticipate that Capital Southwest Co. will post 2.54 earnings per share for the current fiscal year.

Capital Southwest Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be paid a $0.63 dividend. This represents a $2.52 annualized dividend and a dividend yield of 11.56%. The ex-dividend date of this dividend is Friday, December 13th. Capital Southwest’s payout ratio is presently 141.46%.

Institutional Trading of Capital Southwest

Several large investors have recently modified their holdings of CSWC. Franklin Resources Inc. raised its position in Capital Southwest by 24.6% in the third quarter. Franklin Resources Inc. now owns 154,038 shares of the asset manager’s stock worth $3,893,000 after purchasing an additional 30,423 shares in the last quarter. First Dallas Securities Inc. lifted its position in Capital Southwest by 4.2% during the 3rd quarter. First Dallas Securities Inc. now owns 56,512 shares of the asset manager’s stock valued at $1,429,000 after purchasing an additional 2,289 shares during the period. Barclays PLC boosted its stake in shares of Capital Southwest by 1.7% in the 3rd quarter. Barclays PLC now owns 76,083 shares of the asset manager’s stock valued at $1,924,000 after purchasing an additional 1,263 shares during the last quarter. MML Investors Services LLC lifted its holdings in Capital Southwest by 124.2% in the third quarter. MML Investors Services LLC now owns 102,730 shares of the asset manager’s stock valued at $2,598,000 after buying an additional 56,919 shares during the period. Finally, Hodges Capital Management Inc. increased its holdings in Capital Southwest by 7.8% in the third quarter. Hodges Capital Management Inc. now owns 78,305 shares of the asset manager’s stock valued at $1,980,000 after purchasing an additional 5,679 shares during the last quarter. 23.42% of the stock is owned by institutional investors.

Capital Southwest Company Profile

Capital Southwest Corporation is a business development company specializing in credit and private equity and venture capital investments in middle market companies, mezzanine, later stage, mature, late venture, emerging growth, buyouts, industry consolidation, recapitalizations and growth capital investments.