Capital Southwest (NASDAQ:CSWC) Rating Increased to Market Outperform at JMP Securities

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 issued to investors on Tuesday morning,Benzinga reports. They currently have $25.00 target price on the asset manager's stock.

CSWC has been the topic of a number of other reports. Wall Street Zen raised shares of Capital Southwest from a "sell" rating to a "hold" rating in a research report on Saturday, April 19th. Raymond James Financial dropped their price objective on Capital Southwest from $24.00 to $23.00 and set an "outperform" rating on the stock in a report on Friday, May 16th. B. Riley upgraded Capital Southwest to a "strong-buy" rating in a research report on Monday, June 16th. UBS Group decreased their target price on Capital Southwest from $23.50 to $20.50 and set a "neutral" rating for the company in a research report on Thursday, April 17th. Finally, Citizens Jmp upgraded Capital Southwest from a "market perform" rating to an "outperform" rating and set a $25.00 price target on the stock in a research note on Tuesday. Two equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $23.60.

Capital Southwest Stock Down 0.9%

Capital Southwest stock traded down $0.20 during midday trading on Tuesday, reaching $21.28. The company's stock had a trading volume of 795,871 shares, compared to its average volume of 453,760. The company has a market cap of $1.14 billion, a P/E ratio of 14.38 and a beta of 0.94. The company has a quick ratio of 0.18, a current ratio of 0.18 and a debt-to-equity ratio of 0.58. The business has a 50-day simple moving average of $20.67 and a 200-day simple moving average of $21.54. Capital Southwest has a fifty-two week low of $17.46 and a fifty-two week high of $27.23.

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

Capital Southwest Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Tuesday, September 30th. Investors of record on Monday, September 15th will be given a $0.1934 dividend. This represents a $2.32 annualized dividend and a yield of 10.91%. The ex-dividend date is Monday, September 15th. Capital Southwest's dividend payout ratio (DPR) is presently 156.76%.

Institutional Trading of Capital Southwest

A number of hedge funds have recently added to or reduced their stakes in CSWC. Promus Capital LLC acquired a new position in shares of Capital Southwest in the fourth quarter valued at approximately $30,000. Ameriflex Group Inc. acquired a new position in Capital Southwest in the 4th quarter valued at $33,000. Quarry LP raised its position 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 buying an additional 732 shares during the last quarter. Nomura Asset Management Co. Ltd. lifted its stake in shares of Capital Southwest by 243.2% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 2,217 shares of the asset manager's stock worth $48,000 after acquiring an additional 1,571 shares during the period. Finally, Garde Capital Inc. purchased a new position in Capital Southwest during the first quarter worth about $54,000. 23.42% of the stock is owned by institutional investors and hedge funds.

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.