Brokerages Set Capital Southwest Corporation (NASDAQ:CSWC) PT at $23.50

Capital Southwest Corporation (NASDAQ:CSWC) has received an average recommendation of “Moderate Buy” from the nine ratings firms that are covering the firm, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $23.50.

Separately, B. Riley Financial increased their price target on shares of Capital Southwest from $24.00 to $24.50 and gave the stock a “buy” rating in a research note on Friday, May 15th.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Triumph Capital Management acquired a new position in shares of Capital Southwest during the 3rd quarter worth $28,000. Tower Research Capital LLC TRC increased its stake in shares of Capital Southwest by 13,307.1% during the 2nd quarter. Tower Research Capital LLC TRC now owns 1,877 shares of the asset manager’s stock worth $41,000 after purchasing an additional 1,863 shares during the last quarter. Osbon Capital Management LLC acquired a new position in shares of Capital Southwest during the 4th quarter worth $55,000. CENTRAL TRUST Co acquired a new position in shares of Capital Southwest during the 1st quarter worth $60,000. Finally, PNC Financial Services Group Inc. increased its stake in shares of Capital Southwest by 197.2% during the 1st quarter. PNC Financial Services Group Inc. now owns 4,654 shares of the asset manager’s stock worth $103,000 after purchasing an additional 3,088 shares during the last quarter. Institutional investors and hedge funds own 23.42% of the company’s stock.

Capital Southwest Stock Down 1.8%

CSWC stock opened at $23.12 on Tuesday. Capital Southwest has a 12-month low of $19.37 and a 12-month high of $24.43. The company has a quick ratio of 0.11, a current ratio of 0.11 and a debt-to-equity ratio of 0.56. The company has a market cap of $1.44 billion, a price-to-earnings ratio of 12.17 and a beta of 0.69. The company has a 50 day moving average of $23.42 and a two-hundred day moving average of $22.76.

Capital Southwest Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be paid a dividend of $0.1934 per share. The ex-dividend date is Tuesday, September 15th. This represents a c) annualized dividend and a dividend yield of 10.0%. Capital Southwest’s dividend payout ratio is 122.11%.

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.