Capital Southwest (NASDAQ:CSWC) Price Target Lowered to $23.00 at Raymond James

Capital Southwest (NASDAQ:CSWC) had its target price reduced by Raymond James from $24.00 to $23.00 in a report released on Friday,Benzinga reports. Raymond James currently has an outperform rating on the asset manager’s stock.

Other equities research analysts also recently issued research reports about the stock. UBS Group reduced their price objective on shares of Capital Southwest from $23.50 to $20.50 and set a “neutral” rating for the company in a report on Thursday, April 17th. StockNews.com upgraded shares of Capital Southwest from a “sell” rating to a “hold” rating in a research report on Saturday, April 19th.

Capital Southwest Price Performance

NASDAQ CSWC opened at $21.37 on Friday. The company has a 50-day moving average price of $20.66 and a two-hundred day moving average price of $21.93. Capital Southwest has a 52 week low of $17.46 and a 52 week high of $27.23. The stock has a market cap of $1.08 billion, a price-to-earnings ratio of 15.16 and a beta of 0.95. The company has a current ratio of 0.18, a quick ratio of 0.18 and a debt-to-equity ratio of 0.64.

Capital Southwest (NASDAQ:CSWC) last issued its quarterly earnings data on Wednesday, May 14th. The asset manager reported $0.54 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.08). Capital Southwest had a return on equity of 15.18% and a net margin of 33.49%. The business had revenue of $52.34 million during the quarter, compared to the consensus estimate of $52.83 million. During the same period last year, the company earned $0.68 earnings per share. Analysts forecast that Capital Southwest will post 2.54 EPS for the current year.

Capital Southwest Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be paid a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a dividend yield of 10.86%. The ex-dividend date is Friday, June 13th. Capital Southwest’s dividend payout ratio is presently 156.76%.

Institutional Trading of Capital Southwest

Several institutional investors have recently modified their holdings of CSWC. Promus Capital LLC acquired a new position in Capital Southwest during the fourth quarter worth about $30,000. Ameriflex Group Inc. acquired a new stake in Capital Southwest in the 4th quarter valued at about $33,000. Quarry LP boosted its position in shares of Capital Southwest by 52.5% during the 4th quarter. Quarry LP now owns 2,126 shares of the asset manager’s stock valued at $46,000 after purchasing an additional 732 shares in the last quarter. Nomura Asset Management Co. Ltd. grew its stake in shares of Capital Southwest by 243.2% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 2,217 shares of the asset manager’s stock worth $48,000 after purchasing an additional 1,571 shares during the last quarter. Finally, Garde Capital Inc. acquired a new position in shares of Capital Southwest in the 1st quarter worth approximately $54,000. Institutional investors and hedge funds own 23.42% of the company’s stock.

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.