Capital Southwest (NASDAQ:CSWC) Sets New 52-Week High - Here's What Happened

Key Points

• Capital Southwest shares reached a new 52-week high, trading as high as $25.41 and up from the prior close of $25.21.
• Analysts remain broadly positive, with six Buy ratings and three Holds producing a consensus “Moderate Buy” rating. Recent price-target increases included B. Riley to $25.50 and Citizens JMP to $26.00.
• The company exceeded quarterly earnings expectations, reporting $0.58 in EPS versus the $0.56 consensus, while revenue came in at $61.05 million, slightly below estimates.

Shares of Capital Southwest Corporation (NASDAQ:CSWC - Get Free Report) reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $25.41 and last traded at $25.35, with a volume of 99007 shares trading hands. The stock had previously closed at $25.21.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on CSWC. B. Riley Financial boosted their price target on shares of Capital Southwest from $24.50 to $25.50 and gave the stock a "buy" rating in a research note on Wednesday, August 5th. Citizens Jmp raised their price objective on shares of Capital Southwest from $25.00 to $26.00 and gave the company a "market outperform" rating in a research note on Wednesday, August 5th. Citigroup restated a "market outperform" rating on shares of Capital Southwest in a report on Wednesday, August 5th. Finally, Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Capital Southwest in a research note on Thursday, June 18th. Six research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $23.60.

Capital Southwest Trading Up 0.2%

The company has a fifty day simple moving average of $24.01 and a two-hundred day simple moving average of $23.32. The company has a current ratio of 0.17, a quick ratio of 0.17 and a debt-to-equity ratio of 0.62. The company has a market cap of $1.61 billion, a PE ratio of 13.95 and a beta of 0.69.

Capital Southwest (NASDAQ:CSWC - Get Free Report) last issued its earnings results on Monday, August 3rd. The asset manager reported $0.58 earnings per share for the quarter, beating the consensus estimate of $0.56 by $0.02. Capital Southwest had a net margin of 46.68% and a return on equity of 13.88%. The firm had revenue of $61.05 million for the quarter, compared to analysts' expectations of $61.22 million. During the same quarter last year, the company earned $0.61 earnings per share. Analysts anticipate that Capital Southwest Corporation will post 2.27 EPS for the current year.

Institutional Investors Weigh In On Capital Southwest

Several institutional investors have recently modified their holdings of the company. Triumph Capital Management purchased a new position in Capital Southwest in the third quarter valued at $28,000. Allied Private Wealth LLC purchased a new stake in Capital Southwest during the 2nd quarter worth about $37,000. Tower Research Capital LLC TRC boosted its position 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 worth $41,000 after acquiring an additional 1,863 shares in the last quarter. Osbon Capital Management LLC acquired a new position in shares of Capital Southwest during the 4th quarter worth about $55,000. Finally, CENTRAL TRUST Co purchased a new position in shares of Capital Southwest in the 1st quarter valued at about $60,000. 23.42% of the stock is owned by hedge funds and other institutional investors.

Capital Southwest Company Profile

Capital Southwest NASDAQ: CSWC is a publicly traded investment firm structured as a business development company (BDC) that provides customized financing solutions to middle-market companies across the United States. The firm offers a spectrum of debt and equity capital, including senior secured loans, mezzanine debt, and both preferred and common equity investments. By partnering with corporate management teams, Capital Southwest seeks to support growth initiatives, recapitalizations, acquisitions, and ownership transitions.

Founded in 1961 and headquartered in Dallas, Texas, Capital Southwest has cultivated a track record of long-term partnerships with privately held businesses and select public companies.

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