Capital Southwest (NASDAQ:CSWC) Rating Increased to Hold at Zacks Research

Zacks Research upgraded shares of Capital Southwest (NASDAQ:CSWC) from a strong sell rating to a hold rating in a research report sent to investors on Monday,Zacks.com reports.

A number of other analysts also recently issued reports on CSWC. Raymond James Financial downgraded shares of Capital Southwest from an “outperform” rating to a “market perform” rating in a research report on Tuesday, October 7th. Noble Financial raised shares of Capital Southwest to a “buy” rating in a research report on Wednesday, November 5th. Loop Capital restated a “buy” rating and set a $23.00 target price on shares of Capital Southwest in a report on Wednesday, November 5th. UBS Group lowered their price target on Capital Southwest from $23.00 to $21.50 and set a “neutral” rating for the company in a report on Tuesday, October 14th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Capital Southwest in a research report on Monday, December 29th. Six investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $23.64.

Capital Southwest Stock Up 0.1%

Shares of CSWC opened at $22.79 on Monday. Capital Southwest has a fifty-two week low of $17.46 and a fifty-two week high of $23.86. The company’s fifty day moving average is $21.40 and its two-hundred day moving average is $21.95. The firm has a market cap of $1.31 billion, a PE ratio of 14.16 and a beta of 0.76. The company has a quick ratio of 0.16, a current ratio of 0.16 and a debt-to-equity ratio of 0.26.

Capital Southwest (NASDAQ:CSWC) last issued its earnings results on Monday, November 3rd. The asset manager reported $0.57 earnings per share for the quarter, missing the consensus estimate of $0.58 by ($0.01). The firm had revenue of $56.95 million during the quarter, compared to analysts’ expectations of $55.37 million. Capital Southwest had a return on equity of 13.64% and a net margin of 39.79%.During the same period last year, the business posted $0.66 earnings per share. Analysts forecast that Capital Southwest will post 2.54 earnings per share for the current year.

Capital Southwest Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Friday, March 13th will be given a $0.1934 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 10.2%. The ex-dividend date of this dividend is Friday, March 13th. Capital Southwest’s dividend payout ratio is presently 144.10%.

Institutional Trading of Capital Southwest

A number of hedge funds and other institutional investors have recently made changes to their positions in CSWC. Kingstone Capital Partners Texas LLC acquired a new stake in shares of Capital Southwest in the 2nd quarter valued at about $311,170,000. Columbus Macro LLC acquired a new stake in Capital Southwest during the second quarter valued at approximately $6,407,000. Cetera Investment Advisers lifted its holdings in Capital Southwest by 402.8% during the 2nd quarter. Cetera Investment Advisers now owns 361,722 shares of the asset manager’s stock worth $7,972,000 after buying an additional 289,778 shares during the last quarter. Goldman Sachs Group Inc. lifted its holdings in Capital Southwest by 246.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 257,672 shares of the asset manager’s stock worth $5,751,000 after buying an additional 183,313 shares during the last quarter. Finally, HRT Financial LP increased its holdings in shares of Capital Southwest by 176.0% in the 2nd quarter. HRT Financial LP now owns 242,080 shares of the asset manager’s stock valued at $5,335,000 after acquiring an additional 154,384 shares during the last quarter. Institutional investors own 23.42% of the company’s stock.

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.