Capital Southwest Corporation (NASDAQ:CSWC) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of Capital Southwest Corporation (NASDAQ:CSWC) have received a consensus rating of “Moderate Buy” from the nine ratings firms that are covering the company, Marketbeat reports. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $23.60.

CSWC has been the subject of several research reports. Weiss Ratings reiterated a “buy (b-)” rating on shares of Capital Southwest in a research note on Monday, September 14th. Citizens Jmp upped their price target on shares of Capital Southwest from $25.00 to $26.00 and gave the stock a “market outperform” rating in a research report on Wednesday, August 5th. Citigroup reiterated a “market outperform” rating on shares of Capital Southwest in a report on Wednesday, August 5th. Finally, B. Riley Financial raised their price objective on Capital Southwest from $24.50 to $25.50 and gave the company a “buy” rating in a research report on Wednesday, August 5th.

Capital Southwest Stock Performance

Shares of NASDAQ:CSWC opened at $23.44 on Thursday. The firm has a market capitalization of $1.49 billion, a PE ratio of 12.95 and a beta of 0.70. 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 business has a 50-day moving average of $24.39 and a two-hundred day moving average of $23.53. Capital Southwest has a 12 month low of $19.37 and a 12 month high of $25.75.

Capital Southwest (NASDAQ:CSWC) last released its quarterly earnings data on Monday, August 3rd. The asset manager reported $0.58 earnings per share for the quarter, beating the consensus estimate of $0.56 by $0.02. The business had revenue of $61.05 million for the quarter, compared to analyst estimates of $61.22 million. Capital Southwest had a return on equity of 13.88% and a net margin of 46.68%.During the same period in the previous year, the company posted $0.61 EPS. As a group, research analysts forecast that Capital Southwest will post 2.27 earnings per share for the current year.

Capital Southwest Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Thursday, December 31st. Investors of record on Tuesday, December 15th will be given a dividend of $0.1934 per share. The ex-dividend date of this dividend is Tuesday, December 15th. This represents a c) annualized dividend and a yield of 9.9%. Capital Southwest’s payout ratio is 128.18%.

Institutional Trading of Capital Southwest

Large investors have recently bought and sold shares of the company. Allied Private Wealth LLC acquired a new position in shares of Capital Southwest during the second quarter worth $37,000. Osbon Capital Management LLC acquired a new stake in Capital Southwest during the 4th quarter valued at $55,000. CENTRAL TRUST Co purchased a new stake in Capital Southwest during the 1st quarter worth $60,000. Burk Holdings LLC purchased a new stake in Capital Southwest during the 2nd quarter worth $73,000. Finally, Northwestern Mutual Wealth Management Co. acquired a new position in Capital Southwest in the 2nd quarter worth $95,000. Institutional investors and hedge funds own 23.42% of the company’s stock.

About Capital Southwest

Capital Southwest Corporation (NASDAQ: CSWC) is a business development company that provides financing to middle-market and lower-middle-market businesses in the United States. The company invests primarily in privately held companies and seeks to support their growth, acquisitions, recapitalizations and other strategic initiatives.

Capital Southwest’s investment activities generally include first-lien and second-lien loans, unitranche financing, subordinated debt and, in some cases, equity investments.