Capital Southwest (NASDAQ:CSWC) Share Price Passes Above 200-Day Moving Average – What’s Next?

Capital Southwest Corporation (NASDAQ:CSWC) passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $22.06 and traded as high as $23.47. Capital Southwest shares last traded at $23.23, with a volume of 540,547 shares changing hands.

Analyst Ratings Changes

A number of research firms recently weighed in on CSWC. Zacks Research upgraded shares of Capital Southwest from a “strong sell” rating to a “hold” rating in a research report on Monday, January 5th. Weiss Ratings upgraded Capital Southwest from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, January 28th. Noble Financial raised Capital Southwest to a “buy” rating in a report on Wednesday, November 5th. Loop Capital reiterated a “buy” rating and set a $23.00 price objective on shares of Capital Southwest in a research report on Wednesday, November 5th. Finally, Capital One Financial set a $22.00 price objective on Capital Southwest in a research note on Tuesday, November 4th. Seven investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Capital Southwest currently has a consensus rating of “Moderate Buy” and an average price target of $23.64.

Capital Southwest Stock Performance

The firm’s 50 day moving average price is $22.63 and its two-hundred day moving average price is $22.06. The firm has a market cap of $1.40 billion, a PE ratio of 12.83 and a beta of 0.76. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.15 and a current ratio of 0.15.

Capital Southwest (NASDAQ:CSWC) last released its quarterly earnings results on Monday, February 2nd. The asset manager reported $0.64 EPS for the quarter, meeting the consensus estimate of $0.64. The firm had revenue of $61.45 million for the quarter, compared to analyst estimates of $57.37 million. Capital Southwest had a net margin of 45.46% and a return on equity of 13.76%. During the same quarter in the previous year, the company earned $0.63 EPS. On average, research analysts forecast that Capital Southwest Corporation will post 2.54 earnings per share for the current year.

Capital Southwest Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Friday, March 13th will be paid a $0.1934 dividend. This represents a c) annualized dividend and a dividend yield of 10.0%. The ex-dividend date of this dividend is Friday, March 13th. Capital Southwest’s dividend payout ratio is 128.18%.

Institutional Trading of Capital Southwest

A number of hedge funds and other institutional investors have recently modified their holdings of the business. B. Riley Wealth Advisors Inc. acquired a new stake in shares of Capital Southwest in the second quarter valued at $2,031,000. Sumitomo Mitsui Trust Group Inc. boosted its holdings in Capital Southwest by 27.5% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 220,072 shares of the asset manager’s stock valued at $4,811,000 after acquiring an additional 47,475 shares during the period. Sound Income Strategies LLC boosted its holdings in Capital Southwest by 7.8% during the 3rd quarter. Sound Income Strategies LLC now owns 756,786 shares of the asset manager’s stock valued at $15,068,000 after acquiring an additional 54,585 shares during the period. Muzinich & Co. Inc. grew its position in Capital Southwest by 21.0% in the 3rd quarter. Muzinich & Co. Inc. now owns 273,265 shares of the asset manager’s stock valued at $5,974,000 after acquiring an additional 47,475 shares in the last quarter. Finally, First Horizon Advisors Inc. increased its stake in Capital Southwest by 1,214.0% during the second quarter. First Horizon Advisors Inc. now owns 2,628 shares of the asset manager’s stock worth $58,000 after purchasing an additional 2,428 shares during the period. 23.42% of the stock is owned by institutional investors and hedge funds.

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.