Capital Southwest Corporation (NASDAQ:CSWC) Receives $23.60 Average Price Target from Analysts

Capital Southwest Corporation (NASDAQ:CSWC) has been given a consensus rating of “Moderate Buy” by the nine research firms that are covering the firm, MarketBeat reports. Three analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 12-month target price among brokerages that have covered the stock in the last year is $23.60.

A number of analysts have recently weighed in on CSWC shares. Weiss Ratings reiterated a “buy (b-)” rating on shares of Capital Southwest in a research report on Monday, September 14th. Citigroup restated a “market outperform” rating on shares of Capital Southwest in a research note on Wednesday, August 5th. B. Riley Financial increased their target price on Capital Southwest from $24.50 to $25.50 and gave the stock a “buy” rating in a research report on Wednesday, August 5th. Finally, Citizens Jmp boosted their price target on shares of Capital Southwest from $25.00 to $26.00 and gave the company a “market outperform” rating in a report on Wednesday, August 5th.

Capital Southwest Trading Down 2.5%

Capital Southwest stock opened at $23.42 on Thursday. Capital Southwest has a 1 year low of $19.37 and a 1 year high of $25.75. The firm’s 50-day moving average is $24.40 and its 200-day moving average is $23.52. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.17 and a current ratio of 0.17. The company has a market cap of $1.49 billion, a P/E ratio of 12.94 and a beta of 0.70.

Capital Southwest (NASDAQ:CSWC) last released its quarterly earnings data on Monday, August 3rd. The asset manager reported $0.58 earnings per share for the quarter, topping the consensus estimate of $0.56 by $0.02. Capital Southwest had a net margin of 46.68% and a return on equity of 13.88%. The firm had revenue of $61.05 million for the quarter, compared to analyst estimates of $61.22 million. During the same quarter in the prior year, the business earned $0.61 earnings per share. On average, equities analysts expect that Capital Southwest will post 2.27 earnings per share for the current year.

Capital Southwest Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Thursday, December 31st. Shareholders of record on Tuesday, December 15th will be paid a dividend of $0.1934 per share. This represents a c) dividend on an annualized basis and a yield of 9.9%. The ex-dividend date of this dividend is Tuesday, December 15th. Capital Southwest’s payout ratio is presently 128.18%.

Institutional Investors Weigh In On Capital Southwest

A number of hedge funds have recently made changes to their positions in the business. Empowered Funds LLC acquired a new position in shares of Capital Southwest during the first quarter worth approximately $13,694,000. Empirical Finance LLC acquired a new position in Capital Southwest during the 1st quarter worth $13,689,000. Legal & General Group Plc bought a new position in shares of Capital Southwest in the second quarter worth $11,886,000. Van ECK Associates Corp increased its holdings in shares of Capital Southwest by 35.4% during the second quarter. Van ECK Associates Corp now owns 1,526,667 shares of the asset manager’s stock valued at $36,289,000 after purchasing an additional 399,106 shares during the period. Finally, Melia Wealth LLC bought a new stake in shares of Capital Southwest during the second quarter valued at about $8,979,000. Institutional investors own 23.42% of the company’s stock.

About Capital Southwest

Capital Southwest Corporation (NASDAQ: CSWC) is a business development company that provides financing to middle-market and lower-middle-market businesses in the United States. The company invests primarily in privately held companies and seeks to support their growth, acquisitions, recapitalizations and other strategic initiatives.

Capital Southwest’s investment activities generally include first-lien and second-lien loans, unitranche financing, subordinated debt and, in some cases, equity investments.