Capital Southwest (CSWC) Downgraded by Zacks Investment Research to “Hold”

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Zacks Investment Research downgraded shares of Capital Southwest (NASDAQ:CSWC) from a buy rating to a hold rating in a research report report published on Monday.

According to Zacks, “Capital Southwest Corporation is a venture capital investment company whose objective is to achieve capital appreciation through long-term investments in businesses believed to have favorable growth potential. The Company’s investments are focused on early-stage financings, expansion financings, management buyouts and recapitalizations in a broad range of industry segments. The portfolio is a composite of companies in which the Company has major interests as well as a number of developing companies and marketable securities of established publicly-owned companies. “

A number of other analysts have also recently commented on the stock. National Securities reaffirmed a buy rating and set a $24.00 target price on shares of Capital Southwest in a report on Wednesday, February 6th. BidaskClub cut shares of Capital Southwest from a strong-buy rating to a buy rating in a report on Friday, January 25th. Finally, B. Riley began coverage on shares of Capital Southwest in a report on Friday, January 25th. They set a neutral rating and a $23.00 target price for the company. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company currently has a consensus rating of Buy and a consensus target price of $22.75.

Shares of CSWC stock opened at $21.62 on Monday. Capital Southwest has a 12 month low of $16.08 and a 12 month high of $24.17. The company has a market cap of $368.03 million, a price-to-earnings ratio of 21.41 and a beta of 0.26. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.28 and a quick ratio of 0.28.

Capital Southwest (NASDAQ:CSWC) last announced its earnings results on Monday, February 4th. The asset manager reported $0.39 EPS for the quarter, beating the Zacks’ consensus estimate of $0.37 by $0.02. Capital Southwest had a net margin of 84.08% and a return on equity of 6.78%. The business had revenue of $13.87 million during the quarter, compared to analysts’ expectations of $13.52 million. As a group, research analysts predict that Capital Southwest will post 1.43 earnings per share for the current year.

In other news, Director Jack D. Furst purchased 6,404 shares of the company’s stock in a transaction on Wednesday, December 26th. The stock was acquired at an average cost of $18.50 per share, for a total transaction of $118,474.00. Following the completion of the transaction, the director now directly owns 20,000 shares in the company, valued at approximately $370,000. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Jack D. Furst purchased 2,900 shares of the company’s stock in a transaction on Monday, December 24th. The stock was purchased at an average price of $18.16 per share, with a total value of $52,664.00. Following the completion of the transaction, the director now owns 20,000 shares of the company’s stock, valued at $363,200. The disclosure for this purchase can be found here. Corporate insiders own 6.68% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of the business. Sumitomo Mitsui Asset Management Company LTD boosted its position in shares of Capital Southwest by 1.7% in the fourth quarter. Sumitomo Mitsui Asset Management Company LTD now owns 45,159 shares of the asset manager’s stock worth $867,000 after purchasing an additional 756 shares during the period. Raymond James & Associates boosted its position in shares of Capital Southwest by 8.6% in the second quarter. Raymond James & Associates now owns 76,859 shares of the asset manager’s stock worth $1,392,000 after purchasing an additional 6,064 shares during the period. Eagle Global Advisors LLC bought a new position in shares of Capital Southwest in the fourth quarter worth approximately $253,000. Weather Gauge Advisory LLC bought a new position in shares of Capital Southwest in the fourth quarter worth approximately $323,000. Finally, California Public Employees Retirement System bought a new position in shares of Capital Southwest in the fourth quarter worth approximately $350,000. Institutional investors and hedge funds own 58.43% of the company’s stock.

About Capital Southwest

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, recapitalizations and growth capital investments. It does not invest in startups, publicly traded companies, real estate developments, project finance opportunities, oil and gas exploration businesses, troubled companies, turnarounds, and companies in which significant senior management is departing.

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