Capital Southwest Corporation (NASDAQ:CSWC) Receives $24.30 Consensus Price Target from Brokerages

Key Points

• Capital Southwest Corporation has received a consensus recommendation of "Moderate Buy" from six ratings firms, with an average 12-month price target of $24.30.
• The company reported $0.59 EPS for the latest quarter, meeting expectations, and had a net margin of approximately 39.95%.
• Recently announced a monthly dividend of $0.1934 per share, yielding about 10.1%, with a dividend payout ratio of 140.61%.

Capital Southwest Corporation (NASDAQ:CSWC - Get Free Report) has been given an average recommendation of "Moderate Buy" by the six brokerages that are covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $24.30.

Several research firms recently weighed in on CSWC. B. Riley boosted their price target on shares of Capital Southwest from $23.50 to $24.00 and gave the stock a "buy" rating in a report on Friday, August 8th. Citigroup raised shares of Capital Southwest to an "outperform" rating in a research report on Tuesday, June 24th. Citizens Jmp raised Capital Southwest from a "market perform" rating to an "outperform" rating and set a $25.00 target price for the company in a report on Tuesday, June 24th. Raymond James Financial lifted their price target on Capital Southwest from $23.00 to $25.00 and gave the stock an "outperform" rating in a report on Friday, August 8th. Finally, UBS Group upped their price objective on Capital Southwest from $21.00 to $22.50 and gave the company a "neutral" rating in a research note on Wednesday, July 16th.

Capital Southwest Stock Up 1.0%

Capital Southwest stock traded up $0.22 during trading on Friday, hitting $22.92. 482,054 shares of the company were exchanged, compared to its average volume of 471,907. The company has a market capitalization of $1.27 billion, a P/E ratio of 13.89 and a beta of 0.96. The business's 50 day moving average is $22.84 and its 200 day moving average is $21.71. Capital Southwest has a 52 week low of $17.46 and a 52 week high of $25.90. The company has a current ratio of 0.19, a quick ratio of 0.19 and a debt-to-equity ratio of 0.53.

Capital Southwest (NASDAQ:CSWC - Get Free Report) last issued its quarterly earnings data on Wednesday, August 6th. The asset manager reported $0.59 earnings per share for the quarter, meeting the consensus estimate of $0.59. Capital Southwest had a return on equity of 14.17% and a net margin of 39.95%.The business had revenue of $55.95 million for the quarter, compared to analysts' expectations of $54.36 million. During the same period last year, the business earned $0.69 EPS. Analysts predict that Capital Southwest will post 2.54 earnings per share for the current year.

Capital Southwest Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Monday, December 15th will be issued a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date is Monday, December 15th. Capital Southwest's dividend payout ratio (DPR) is 140.61%.

Institutional Investors Weigh In On Capital Southwest

Several large investors have recently modified their holdings of the stock. B. Riley Wealth Advisors Inc. bought a new stake in shares of Capital Southwest in the second quarter valued at $2,031,000. Newbridge Financial Services Group Inc. purchased a new position in shares of Capital Southwest in the second quarter worth about $70,000. CANADA LIFE ASSURANCE Co raised its position in shares of Capital Southwest by 5.7% in the second quarter. CANADA LIFE ASSURANCE Co now owns 51,018 shares of the asset manager's stock valued at $1,127,000 after purchasing an additional 2,771 shares during the period. Tower Research Capital LLC TRC lifted its stake in shares of Capital Southwest by 13,307.1% during the 2nd quarter. Tower Research Capital LLC TRC now owns 1,877 shares of the asset manager's stock valued at $41,000 after buying an additional 1,863 shares in the last quarter. Finally, Prevail Innovative Wealth Advisors LLC bought a new position in Capital Southwest in the 2nd quarter worth approximately $1,243,000. Hedge funds and other institutional investors own 23.42% of the company's stock.

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.