Capital Southwest (NASDAQ:CSWC) Upgraded by JMP Securities to Market Outperform Rating

JMP Securities upgraded shares of Capital Southwest (NASDAQ:CSWC - Free Report) from a market perform rating to a market outperform rating in a research note released on Tuesday,Benzinga reports. They currently have $25.00 target price on the asset manager's stock.

Several other equities analysts also recently issued reports on CSWC. Wall Street Zen raised shares of Capital Southwest from a "sell" rating to a "hold" rating in a report on Saturday, April 19th. UBS Group decreased 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 note on Thursday, April 17th. Raymond James Financial cut their price objective on Capital Southwest from $24.00 to $23.00 and set an "outperform" rating for the company in a research note on Friday, May 16th. 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. Finally, B. Riley upgraded Capital Southwest to a "strong-buy" rating in a research report on Monday, June 16th. Two analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Capital Southwest currently has an average rating of "Moderate Buy" and a consensus target price of $23.60.

Capital Southwest Price Performance

CSWC stock traded up $0.03 during mid-day trading on Tuesday, reaching $21.81. 492,903 shares of the company's stock were exchanged, compared to its average volume of 565,815. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.18 and a quick ratio of 0.18. Capital Southwest has a 12-month low of $17.46 and a 12-month high of $27.23. The stock's 50 day moving average is $20.71 and its 200 day moving average is $21.53. The company has a market cap of $1.17 billion, a price-to-earnings ratio of 14.74 and a beta of 0.94.

Capital Southwest (NASDAQ:CSWC - Get Free Report) last announced its earnings results on Wednesday, May 14th. The asset manager reported $0.54 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.62 by ($0.08). Capital Southwest had a net margin of 34.51% and a return on equity of 14.40%. The business had revenue of $52.34 million for the quarter, compared to analysts' expectations of $52.83 million. During the same quarter last year, the business earned $0.68 EPS. On average, research analysts expect that Capital Southwest will post 2.54 EPS for the current year.

Capital Southwest Announces Dividend

The firm 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 dividend on an annualized basis and a yield of 10.64%. The ex-dividend date is Monday, September 15th. Capital Southwest's dividend payout ratio (DPR) is 156.76%.

Institutional Investors Weigh In On Capital Southwest

A number of large investors have recently made changes to their positions in the stock. Promus Capital LLC purchased a new position in Capital Southwest during the fourth quarter worth approximately $30,000. Ameriflex Group Inc. purchased a new position in shares of Capital Southwest during the 4th quarter worth $33,000. Quarry LP boosted its position in shares of Capital Southwest by 52.5% during the 4th quarter. Quarry LP now owns 2,126 shares of the asset manager's stock valued at $46,000 after acquiring an additional 732 shares during the last quarter. Nomura Asset Management Co. Ltd. boosted its position in shares of Capital Southwest by 243.2% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 2,217 shares of the asset manager's stock valued at $48,000 after acquiring an additional 1,571 shares during the last quarter. Finally, Garde Capital Inc. purchased a new stake in shares of Capital Southwest in the first quarter valued at about $54,000. 23.42% of the stock is currently owned by hedge funds and other institutional investors.

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.