Capital Southwest Corporation (NASDAQ:CSWC) Receives $24.30 Average PT from Brokerages

Shares of Capital Southwest Corporation (NASDAQ:CSWC) have received a consensus rating of “Moderate Buy” from the six research firms that are presently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $24.30.

A number of equities research analysts have recently commented on the company. Citizens Jmp raised Capital Southwest from a “market perform” rating to an “outperform” rating and set a $25.00 price objective for the company in a research report on Tuesday, June 24th. JMP Securities raised Capital Southwest from a “market perform” rating to a “market outperform” rating and set a $25.00 price target for the company in a research report on Tuesday, June 24th. UBS Group boosted their price target on Capital Southwest from $21.00 to $22.50 and gave the company a “neutral” rating in a research report on Wednesday, July 16th. Citigroup raised Capital Southwest to an “outperform” rating in a research report on Tuesday, June 24th. Finally, Raymond James Financial set a $25.00 price target on Capital Southwest and gave the company an “outperform” rating in a research report on Friday, August 8th.

Institutional Investors Weigh In On Capital Southwest

Institutional investors and hedge funds have recently modified their holdings of the stock. Sumitomo Mitsui Trust Group Inc. boosted its position in shares of Capital Southwest by 30.4% in the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 134,178 shares of the asset manager’s stock worth $2,995,000 after buying an additional 31,299 shares during the period. Janney Montgomery Scott LLC purchased a new stake in shares of Capital Southwest in the first quarter worth about $259,000. Bank of America Corp DE boosted its position in shares of Capital Southwest by 135.3% in the fourth quarter. Bank of America Corp DE now owns 17,710 shares of the asset manager’s stock worth $386,000 after buying an additional 10,182 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of Capital Southwest by 28.7% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 14,000 shares of the asset manager’s stock worth $313,000 after buying an additional 3,118 shares during the period. Finally, Jane Street Group LLC purchased a new stake in shares of Capital Southwest in the fourth quarter worth about $475,000. Hedge funds and other institutional investors own 23.42% of the company’s stock.

Capital Southwest Price Performance

Shares of NASDAQ:CSWC opened at $22.46 on Wednesday. The company has a market cap of $1.25 billion, a P/E ratio of 13.61 and a beta of 0.98. The company has a quick ratio of 0.19, a current ratio of 0.19 and a debt-to-equity ratio of 0.53. Capital Southwest has a 52 week low of $17.46 and a 52 week high of $25.90. The business has a fifty day simple moving average of $22.37 and a 200-day simple moving average of $21.75.

Capital Southwest (NASDAQ:CSWC) last announced its quarterly earnings data on Wednesday, August 6th. The asset manager reported $0.59 EPS for the quarter, meeting analysts’ consensus estimates of $0.59. The business had revenue of $55.95 million during the quarter, compared to the consensus estimate of $54.36 million. Capital Southwest had a return on equity of 14.17% and a net margin of 39.95%. During the same quarter in the previous year, the business earned $0.69 earnings per share. Equities research analysts forecast that Capital Southwest will post 2.54 EPS for the current year.

Capital Southwest Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th will be given a $0.1934 dividend. The ex-dividend date of this dividend is Monday, September 15th. This represents a c) annualized dividend and a dividend yield of 10.3%. Capital Southwest’s dividend payout ratio is presently 140.61%.

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.