Capital Southwest (NASDAQ:CSWC) Reaches New 12-Month High – Here’s What Happened

Capital Southwest Corporation (NASDAQ:CSWC)’s share price hit a new 52-week high on Wednesday . The company traded as high as $25.24 and last traded at $25.1980, with a volume of 23367 shares. The stock had previously closed at $25.05.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on CSWC. Citizens Jmp raised their target price on shares of Capital Southwest from $25.00 to $26.00 and gave the company a “market outperform” rating in a research note on Wednesday, August 5th. Weiss Ratings reissued a “buy (b-)” rating on shares of Capital Southwest in a research report on Thursday, June 18th. B. Riley Financial upped their price target on shares of Capital Southwest from $24.50 to $25.50 and gave the company a “buy” rating in a report on Wednesday, August 5th. Finally, Citigroup reaffirmed a “market outperform” rating on shares of Capital Southwest in a research report on Wednesday, August 5th. Six research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $23.60.

Capital Southwest Trading Up 0.6%

The company has a debt-to-equity ratio of 0.62, a current ratio of 0.17 and a quick ratio of 0.17. The company has a market capitalization of $1.61 billion, a price-to-earnings ratio of 13.95 and a beta of 0.69. The business has a fifty day moving average price of $23.78 and a 200 day moving average price of $23.23.

Capital Southwest Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be issued a $0.1934 dividend. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a c) dividend on an annualized basis and a yield of 9.2%. Capital Southwest’s dividend payout ratio is 128.18%.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Triumph Capital Management bought a new stake in shares of Capital Southwest in the third quarter valued at about $28,000. Allied Private Wealth LLC bought a new stake in shares of Capital Southwest in the 2nd quarter worth approximately $37,000. Tower Research Capital LLC TRC lifted its position in shares of 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 worth $41,000 after acquiring an additional 1,863 shares during the period. Osbon Capital Management LLC bought a new stake in shares of Capital Southwest during the fourth quarter valued at approximately $55,000. Finally, CENTRAL TRUST Co acquired a new position in shares of Capital Southwest in the first quarter valued at $60,000. Institutional investors and hedge funds 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.