Capital Southwest (NASDAQ:CSWC) Given New $24.00 Price Target at B. Riley

Key Points

• B. Riley has raised the target price for Capital Southwest (CSWC) from $23.50 to $24.00, indicating a potential upside of 5.05% from the company's previous close.
• Despite B. Riley's bullish outlook, other analysts like Raymond James have lowered their target price, suggesting some division in market sentiment regarding CSWC's performance.
• Currently, 23.42% of Capital Southwest's stock is owned by institutional investors and hedge funds, reflecting a significant level of institutional confidence in the company.

Capital Southwest (NASDAQ:CSWC - Get Free Report) had its target price hoisted by stock analysts at B. Riley from $23.50 to $24.00 in a research note issued on Friday,Benzinga reports. The firm presently has a "buy" rating on the asset manager's stock. B. Riley's price target suggests a potential upside of 5.03% from the stock's previous close.

Several other brokerages also recently weighed in on CSWC. Wall Street Zen raised shares of Capital Southwest from a "sell" rating to a "hold" rating in a research note on Saturday, April 19th. Citigroup raised shares of Capital Southwest to an "outperform" rating in a research note on Tuesday, June 24th. JMP Securities raised shares of Capital Southwest from a "market perform" rating to a "market outperform" rating and set a $25.00 target price on the stock in a research note on Tuesday, June 24th. Raymond James Financial reduced their target price on shares of Capital Southwest from $24.00 to $23.00 and set an "outperform" rating on the stock in a research note on Friday, May 16th. Finally, Citizens Jmp raised shares of Capital Southwest from a "market perform" rating to an "outperform" rating and set a $25.00 target price on the stock in a research note on Tuesday, June 24th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat, Capital Southwest has an average rating of "Moderate Buy" and an average price target of $24.30.

Capital Southwest Price Performance

Shares of Capital Southwest stock traded up $0.16 during trading hours on Friday, reaching $22.85. The company's stock had a trading volume of 1,365,766 shares, compared to its average volume of 569,340. The firm has a 50 day moving average price of $22.22 and a 200-day moving average price of $21.73. Capital Southwest has a one year low of $17.46 and a one year high of $25.90. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.19 and a quick ratio of 0.19. The stock has a market cap of $1.27 billion, a P/E ratio of 13.85 and a beta of 0.98.

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 for the quarter, hitting analysts' consensus estimates of $0.59. Capital Southwest had a net margin of 39.95% and a return on equity of 14.17%. The firm had revenue of $55.95 million for the quarter, compared to the consensus estimate of $54.36 million. During the same period in the previous year, the firm posted $0.69 EPS. On average, analysts predict that Capital Southwest will post 2.54 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. Focus Partners Wealth increased its stake in Capital Southwest by 6.6% in the 4th quarter. Focus Partners Wealth now owns 9,464 shares of the asset manager's stock worth $207,000 after buying an additional 585 shares during the period. Confluence Investment Management LLC grew its holdings in Capital Southwest by 0.6% during the 2nd quarter. Confluence Investment Management LLC now owns 102,107 shares of the asset manager's stock worth $2,250,000 after acquiring an additional 585 shares in the last quarter. CWM LLC grew its holdings in Capital Southwest by 26.6% during the 2nd quarter. CWM LLC now owns 2,930 shares of the asset manager's stock worth $65,000 after acquiring an additional 615 shares in the last quarter. Capital Analysts LLC grew its holdings in Capital Southwest by 35.6% during the 4th quarter. Capital Analysts LLC now owns 2,550 shares of the asset manager's stock worth $56,000 after acquiring an additional 669 shares in the last quarter. Finally, Union Bancaire Privee UBP SA grew its holdings in Capital Southwest by 5.1% during the 2nd quarter. Union Bancaire Privee UBP SA now owns 14,349 shares of the asset manager's stock worth $316,000 after acquiring an additional 694 shares in the last quarter. 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.