Capital Southwest (CSWC) Receives New Coverage from Analysts at Ladenburg Thalmann Financial Services
Ladenburg Thalmann Financial Services assumed coverage on shares of Capital Southwest (NASDAQ:CSWC) in a report issued on Thursday morning. The brokerage issued a buy rating and a $19.00 target price on the asset manager’s stock.
CSWC has been the subject of several other research reports. National Securities reaffirmed a buy rating and issued a $22.00 price target on shares of Capital Southwest in a report on Friday, August 11th. Zacks Investment Research cut Capital Southwest from a hold rating to a sell rating in a report on Wednesday, August 30th. BidaskClub raised Capital Southwest from a hold rating to a buy rating in a report on Tuesday, August 22nd. Finally, Robert W. Baird initiated coverage on Capital Southwest in a research note on Wednesday, August 30th. They set an outperform rating and a $19.00 target price for the company. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Capital Southwest presently has a consensus rating of Buy and an average price target of $20.00.
Capital Southwest (NASDAQ:CSWC) traded up $0.01 during trading hours on Thursday, hitting $17.01. The company had a trading volume of 4,911 shares, compared to its average volume of 22,874. Capital Southwest has a 12-month low of $14.80 and a 12-month high of $17.76. The company has a debt-to-equity ratio of 0.19, a quick ratio of 10.42 and a current ratio of 10.41. The firm has a market capitalization of $272.01, a PE ratio of 18.63 and a beta of 0.55.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 2nd. Shareholders of record on Friday, December 15th will be paid a dividend of $0.26 per share. This is a boost from Capital Southwest’s previous quarterly dividend of $0.24. The ex-dividend date is Thursday, December 14th. This represents a $1.04 annualized dividend and a yield of 6.11%. Capital Southwest’s dividend payout ratio (DPR) is 55.17%.
In other Capital Southwest news, VP Douglas M. Kelley bought 1,500 shares of the business’s stock in a transaction on Monday, November 13th. The stock was bought at an average price of $17.00 per share, with a total value of $25,500.00. Following the completion of the purchase, the vice president now directly owns 66,135 shares in the company, valued at $1,124,295. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 5.90% of the stock is owned by company insiders.
A number of hedge funds have recently bought and sold shares of the business. Zuckerman Investment Group LLC boosted its position in shares of Capital Southwest by 6.9% during the third quarter. Zuckerman Investment Group LLC now owns 1,356,695 shares of the asset manager’s stock worth $23,240,000 after buying an additional 87,408 shares during the period. Advisors Asset Management Inc. boosted its position in shares of Capital Southwest by 272.5% during the third quarter. Advisors Asset Management Inc. now owns 41,485 shares of the asset manager’s stock worth $711,000 after buying an additional 30,349 shares during the period. Punch & Associates Investment Management Inc. boosted its position in shares of Capital Southwest by 4.7% during the second quarter. Punch & Associates Investment Management Inc. now owns 1,784,841 shares of the asset manager’s stock worth $28,700,000 after buying an additional 79,522 shares during the period. Cove Street Capital LLC boosted its position in shares of Capital Southwest by 9.5% during the second quarter. Cove Street Capital LLC now owns 95,657 shares of the asset manager’s stock worth $1,538,000 after buying an additional 8,300 shares during the period. Finally, New York State Common Retirement Fund boosted its position in shares of Capital Southwest by 12.3% during the second quarter. New York State Common Retirement Fund now owns 103,139 shares of the asset manager’s stock worth $1,658,000 after buying an additional 11,299 shares during the period. 60.03% of the stock is owned by institutional investors.
About Capital Southwest
Capital Southwest Corporation is an investment company that specializes in providing customized financing to middle market companies in a range of industry segments located primarily in the United States. The Company is a specialty lending company. Its principal investment objective is to produce risk-adjusted returns by generating current income from debt investments and capital appreciation from its equity and equity related investments.
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