Capital Southwest Corporation (NASDAQ:CSWC - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Monday. The stock has a 200-day moving average of $23.40 and traded as high as $23.74. Capital Southwest shares last traded at $23.49, with a volume of 572,140 shares.
Wall Street Analysts Forecast Growth
A number of research firms have commented on CSWC. Weiss Ratings lowered Capital Southwest from a "buy (b)" rating to a "buy (b-)" rating in a research note on Tuesday, October 13th. Citizens Jmp upped their target price on Capital Southwest from $25.00 to $26.00 and gave the company a "market outperform" rating in a research report on Wednesday, August 5th. Citigroup reissued a "market outperform" rating on shares of Capital Southwest in a report on Wednesday, August 5th. UBS Group increased their target price on Capital Southwest from $23.50 to $24.00 and gave the stock a "neutral" rating in a report on Friday, October 9th. Finally, B. Riley Financial raised their price target on Capital Southwest from $24.50 to $25.50 and gave the stock a "buy" rating in a research report on Wednesday, August 5th. Four analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, Capital Southwest presently has a consensus rating of "Moderate Buy" and a consensus price target of $25.17.
View Our Latest Research Report on CSWC
Capital Southwest Stock Up 1.0%
The firm's fifty day moving average is $23.50 and its 200-day moving average is $23.40. The company has a market capitalization of $1.56 billion, a P/E ratio of 13.82 and a beta of 0.67. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.17 and a current ratio of 0.11.
Capital Southwest (NASDAQ:CSWC - Get Free Report) last posted its earnings results on Monday, November 2nd. The asset manager reported $0.56 EPS for the quarter, missing the consensus estimate of $0.57 by ($0.01). Capital Southwest had a net margin of 43.06% and a return on equity of 13.76%. The firm had revenue of $67.16 million during the quarter, compared to the consensus estimate of $65.61 million. As a group, equities research analysts predict that Capital Southwest Corporation will post 2.27 EPS for the current year.
Capital Southwest Announces Dividend
The firm also recently declared a monthly dividend, which will be paid on Thursday, December 31st. Stockholders of record on Tuesday, December 15th will be paid a dividend of $0.1934 per share. The ex-dividend date of this dividend is Tuesday, December 15th. This represents a $2.32 annualized dividend and a dividend yield of 9.9%. Capital Southwest's dividend payout ratio (DPR) is presently 136.47%.
Insider Activity at Capital Southwest
In related news, Director William Thomas, III acquired 2,170 shares of the firm's stock in a transaction that occurred on Thursday, October 1st. The stock was acquired at an average cost of $23.04 per share, for a total transaction of $49,996.80. Following the completion of the acquisition, the director directly owned 22,842 shares of the company's stock, valued at approximately $526,279.68. This trade represents a 10.50% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 2.70% of the company's stock.
Institutional Investors Weigh In On Capital Southwest
Institutional investors and hedge funds have recently made changes to their positions in the stock. Van ECK Associates Corp increased its position in Capital Southwest by 35.4% during the 2nd quarter. Van ECK Associates Corp now owns 1,526,667 shares of the asset manager's stock valued at $36,289,000 after purchasing an additional 399,106 shares during the period. Empowered Funds LLC acquired a new position in Capital Southwest in the first quarter valued at $13,694,000. Empirical Finance LLC acquired a new position in Capital Southwest in the first quarter valued at $13,689,000. Legal & General Group Plc acquired a new position in Capital Southwest in the second quarter valued at $11,886,000. Finally, Columbus Macro LLC boosted its position in Capital Southwest by 6.2% during the third quarter. Columbus Macro LLC now owns 398,048 shares of the asset manager's stock valued at $9,207,000 after acquiring an additional 23,177 shares during the last quarter. Institutional investors and hedge funds own 23.42% of the company's stock.
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