Capital Southwest Corporation (NASDAQ:CSWC) Receives $23.60 Average Price Target from Analysts

Capital Southwest Corporation (NASDAQ:CSWC) has been given an average rating of “Buy” by the six research firms that are covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a hold recommendation, four have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $23.60.

A number of analysts recently issued reports on CSWC shares. Citigroup raised Capital Southwest to an “outperform” rating in a research report on Tuesday. Wall Street Zen upgraded Capital Southwest from a “sell” rating to a “hold” rating in a report on Saturday, April 19th. UBS Group decreased their price objective on Capital Southwest from $23.50 to $20.50 and set a “neutral” rating for the company in a research note on Thursday, April 17th. Citizens Jmp upgraded Capital Southwest from a “market perform” rating to an “outperform” rating and set a $25.00 price objective for the company in a research note on Tuesday. Finally, Raymond James Financial decreased their price objective on Capital Southwest from $24.00 to $23.00 and set an “outperform” rating for the company in a research note on Friday, May 16th.

Capital Southwest Trading Up 2.3%

Shares of NASDAQ:CSWC opened at $21.78 on Tuesday. Capital Southwest has a 1 year low of $17.46 and a 1 year high of $27.23. The firm has a market capitalization of $1.17 billion, a price-to-earnings ratio of 14.72 and a beta of 0.94. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.18 and a quick ratio of 0.18. The business’s 50 day moving average price is $20.71 and its 200-day moving average price is $21.53.

Capital Southwest (NASDAQ:CSWC) last posted its quarterly earnings data on Wednesday, May 14th. The asset manager reported $0.54 EPS for the quarter, missing the consensus estimate of $0.62 by ($0.08). Capital Southwest had a net margin of 34.51% and a return on equity of 14.40%. The firm had revenue of $52.34 million during the quarter, compared to analyst estimates of $52.83 million. During the same period in the prior year, the company posted $0.68 earnings per share. On average, equities research analysts forecast that Capital Southwest will post 2.54 earnings per share for the current fiscal year.

Capital Southwest Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th will be given a dividend of $0.1934 per share. This represents a $2.32 annualized dividend and a yield of 10.66%. The ex-dividend date is Monday, September 15th. Capital Southwest’s dividend payout ratio (DPR) is 156.76%.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. Focus Partners Wealth increased its holdings in shares of Capital Southwest by 6.6% in the fourth quarter. Focus Partners Wealth now owns 9,464 shares of the asset manager’s stock valued at $207,000 after purchasing an additional 585 shares during the period. Capital Analysts LLC boosted its position in Capital Southwest by 35.6% during the fourth quarter. Capital Analysts LLC now owns 2,550 shares of the asset manager’s stock worth $56,000 after purchasing an additional 669 shares in the last quarter. Quarry LP boosted its position in Capital Southwest by 52.5% during the fourth quarter. Quarry LP now owns 2,126 shares of the asset manager’s stock worth $46,000 after purchasing an additional 732 shares in the last quarter. Apollon Wealth Management LLC boosted its position in Capital Southwest by 4.0% during the first quarter. Apollon Wealth Management LLC now owns 21,498 shares of the asset manager’s stock worth $480,000 after purchasing an additional 817 shares in the last quarter. Finally, Guggenheim Capital LLC boosted its position in Capital Southwest by 5.6% during the fourth quarter. Guggenheim Capital LLC now owns 23,612 shares of the asset manager’s stock worth $515,000 after purchasing an additional 1,246 shares in the last quarter. 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.