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

Shares of Capital Southwest Corporation (NASDAQ:CSWC - Get Free Report) have been assigned an average rating of "Buy" from the six ratings firms that are presently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating on the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $23.60.

Several research firms have recently weighed in on CSWC. JMP Securities upgraded 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 note on Tuesday. Citigroup raised shares of Capital Southwest to an "outperform" rating in a report on Tuesday. Raymond James Financial cut their target price on shares of Capital Southwest from $24.00 to $23.00 and set an "outperform" rating for the company in a research report on Friday, May 16th. UBS Group lowered their price target on shares of Capital Southwest from $23.50 to $20.50 and set a "neutral" rating on the stock in a research report on Thursday, April 17th. Finally, Wall Street Zen upgraded shares of Capital Southwest from a "sell" rating to a "hold" rating in a research note on Saturday, April 19th.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Sanders Morris Harris LLC grew its position in Capital Southwest by 75.9% during the first quarter. Sanders Morris Harris LLC now owns 1,433,064 shares of the asset manager's stock worth $31,986,000 after buying an additional 618,480 shares in the last quarter. Balyasny Asset Management L.P. purchased a new position in shares of Capital Southwest during the fourth quarter worth about $21,846,000. Two Sigma Advisers LP grew its holdings in shares of Capital Southwest by 17.3% during the fourth quarter. Two Sigma Advisers LP now owns 774,600 shares of the asset manager's stock worth $16,902,000 after purchasing an additional 114,000 shares in the last quarter. Punch & Associates Investment Management Inc. increased its position in shares of Capital Southwest by 2.1% in the first quarter. Punch & Associates Investment Management Inc. now owns 686,513 shares of the asset manager's stock worth $15,323,000 after purchasing an additional 14,146 shares during the last quarter. Finally, Two Sigma Investments LP raised its stake in Capital Southwest by 42.2% in the fourth quarter. Two Sigma Investments LP now owns 673,778 shares of the asset manager's stock valued at $14,702,000 after purchasing an additional 200,060 shares in the last quarter. 23.42% of the stock is currently owned by hedge funds and other institutional investors.

Capital Southwest Stock Performance

CSWC traded up $0.06 during midday trading on Tuesday, reaching $21.84. The company had a trading volume of 492,903 shares, compared to its average volume of 565,815. Capital Southwest has a 12-month low of $17.46 and a 12-month high of $27.23. The business has a 50-day moving average price of $20.71 and a two-hundred day moving average price of $21.53. The stock has a market cap of $1.17 billion, a PE ratio of 14.74 and a beta of 0.94. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.18 and a current ratio of 0.18.

Capital Southwest (NASDAQ:CSWC - Get Free Report) 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 analysts' expectations of $52.83 million. During the same quarter in the previous year, the company posted $0.68 EPS. On average, sell-side analysts expect that Capital Southwest will post 2.54 earnings per share for the current fiscal year.

Capital Southwest Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th will be paid a $0.1934 dividend. This represents a $2.32 annualized dividend and a yield of 10.63%. The ex-dividend date of this dividend is Monday, September 15th. Capital Southwest's dividend payout ratio is presently 156.76%.

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.