Capital Southwest (NASDAQ:CSWC) Share Price Crosses Above 200 Day Moving Average - Here's What Happened

Key Points

• Capital Southwest Corporation shares surpassed their two hundred day moving average, trading as high as $22.73 and closing at $22.54 with a volume of 412,828 shares.
• Several analysts have upgraded CSWC's ratings recently, with targets ranging from $22.50 to $25.00, contributing to a consensus rating of "Moderate Buy" and a price target of $24.30.
• The company declared a monthly dividend of $0.1934 per share, resulting in an annualized yield of 10.3%, set to be paid on September 30th to stockholders of record.

Capital Southwest Corporation (NASDAQ:CSWC - Get Free Report)'s stock price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $21.75 and traded as high as $22.73. Capital Southwest shares last traded at $22.54, with a volume of 412,828 shares traded.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Citigroup raised shares of Capital Southwest to an "outperform" rating in a research report on Tuesday, June 24th. UBS Group upped their target price on shares of Capital Southwest from $21.00 to $22.50 and gave the stock a "neutral" rating in a research report on Wednesday, July 16th. Raymond James Financial upped their target price on shares of Capital Southwest from $23.00 to $25.00 and gave the stock an "outperform" rating in a research report on Friday, August 8th. B. Riley increased their price objective on shares of Capital Southwest from $23.50 to $24.00 and gave the company a "buy" rating in a research report on Friday, August 8th. Finally, JMP Securities raised shares of Capital Southwest from a "market perform" rating to a "market outperform" rating and set a $25.00 price objective on the stock in a research report on Tuesday, June 24th. Five investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $24.30.

Capital Southwest Stock Up 0.2%

The company has a current ratio of 0.19, a quick ratio of 0.19 and a debt-to-equity ratio of 0.53. The firm has a market cap of $1.26 billion, a P/E ratio of 13.72 and a beta of 0.98. The company's 50 day simple moving average is $22.57 and its 200-day simple moving average is $21.74.

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

Capital Southwest Announces Dividend

The firm also recently disclosed a monthly dividend, which was paid on Thursday, July 31st. Stockholders of record on Tuesday, July 15th were paid a $0.1934 dividend. This represents a c) annualized dividend and a dividend yield of 10.2%. The ex-dividend date was Tuesday, July 15th. Capital Southwest's dividend payout ratio is 140.61%.

Hedge Funds Weigh In On Capital Southwest

Institutional investors have recently made changes to their positions in the business. Fortitude Family Office LLC bought a new position in shares of Capital Southwest in the 2nd quarter worth approximately $31,000. Ameriflex Group Inc. bought a new stake in Capital Southwest during the 4th quarter worth approximately $33,000. Tower Research Capital LLC TRC raised its stake in 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 worth $41,000 after acquiring an additional 1,863 shares during the period. Quarry LP raised its stake in Capital Southwest by 52.5% during the 4th quarter. Quarry LP now owns 2,126 shares of the asset manager's stock worth $46,000 after acquiring an additional 732 shares during the period. Finally, Nomura Asset Management Co. Ltd. raised its stake in Capital Southwest by 58.5% during the 2nd quarter. Nomura Asset Management Co. Ltd. now owns 2,135 shares of the asset manager's stock worth $47,000 after acquiring an additional 788 shares during the period. Institutional investors own 23.42% 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, industry consolidation, recapitalizations and growth capital investments.