Brokerages Set Capital Southwest Corporation (NASDAQ:CSWC) Price Target at $23.42

Capital Southwest Corporation (NASDAQ:CSWC) has received a consensus recommendation of “Moderate Buy” from the nine analysts that are currently covering the firm, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $23.4167.

Several research analysts recently weighed in on CSWC shares. Weiss Ratings raised Capital Southwest from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, January 28th. Zacks Research raised Capital Southwest from a “strong sell” rating to a “hold” rating in a research report on Monday, January 5th.

Capital Southwest Price Performance

CSWC stock opened at $23.63 on Monday. Capital Southwest has a 52-week low of $19.37 and a 52-week high of $24.42. The stock’s fifty day simple moving average is $22.53 and its 200-day simple moving average is $22.02. The company has a quick ratio of 0.15, a current ratio of 0.15 and a debt-to-equity ratio of 0.51. The stock has a market capitalization of $1.42 billion, a price-to-earnings ratio of 13.06 and a beta of 0.72.

Capital Southwest (NASDAQ:CSWC) last posted its quarterly earnings data on Monday, February 2nd. The asset manager reported $0.64 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.64. The business had revenue of $61.45 million for the quarter, compared to analysts’ expectations of $57.37 million. Capital Southwest had a return on equity of 13.76% and a net margin of 45.46%.During the same quarter last year, the firm earned $0.63 earnings per share. Equities research analysts expect that Capital Southwest will post 2.37 EPS for the current year.

Capital Southwest Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be given a $0.1934 dividend. This represents a c) annualized dividend and a dividend yield of 9.8%. The ex-dividend date of this dividend is Monday, June 15th. Capital Southwest’s dividend payout ratio (DPR) is 128.18%.

Institutional Investors Weigh In On Capital Southwest

Several large investors have recently made changes to their positions in the business. Cozad Asset Management Inc. raised its position in Capital Southwest by 1.0% in the third quarter. Cozad Asset Management Inc. now owns 49,676 shares of the asset manager’s stock valued at $1,086,000 after purchasing an additional 515 shares during the period. Apollon Wealth Management LLC lifted its stake in shares of Capital Southwest by 3.2% during the third quarter. Apollon Wealth Management LLC now owns 24,551 shares of the asset manager’s stock worth $537,000 after purchasing an additional 754 shares in the last quarter. Dearborn Partners LLC lifted its stake in shares of Capital Southwest by 4.5% during the fourth quarter. Dearborn Partners LLC now owns 19,999 shares of the asset manager’s stock worth $443,000 after purchasing an additional 864 shares in the last quarter. Vident Advisory LLC lifted its stake in shares of Capital Southwest by 6.1% during the second quarter. Vident Advisory LLC now owns 19,087 shares of the asset manager’s stock worth $421,000 after purchasing an additional 1,090 shares in the last quarter. Finally, Triumph Capital Management acquired a new position in shares of Capital Southwest during the third quarter worth about $28,000. Institutional investors and hedge funds own 23.42% of the company’s stock.

About Capital Southwest

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.