Brokerages Set Capital Southwest Corporation (NASDAQ:CSWC) Target Price at $23.64

Capital Southwest Corporation (NASDAQ:CSWC) has been assigned a consensus rating of “Moderate Buy” from the ten research firms that are currently covering the firm, Marketbeat.com reports. Four research analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $23.6429.

Several analysts recently commented on the stock. Weiss Ratings restated a “hold (c+)” rating on shares of Capital Southwest in a research report on Monday, December 29th. Loop Capital reissued a “buy” rating and set a $23.00 target price on shares of Capital Southwest in a research note on Wednesday, November 5th. UBS Group cut their price target on Capital Southwest from $23.00 to $21.50 and set a “neutral” rating for the company in a research note on Tuesday, October 14th. Raymond James Financial cut Capital Southwest from an “outperform” rating to a “market perform” rating in a report on Tuesday, October 7th. Finally, Zacks Research raised Capital Southwest from a “strong sell” rating to a “hold” rating in a report on Monday, January 5th.

Capital Southwest Stock Up 2.2%

Capital Southwest stock opened at $23.44 on Friday. The business’s 50-day moving average price is $21.71 and its 200 day moving average price is $22.00. The company has a quick ratio of 0.16, a current ratio of 0.16 and a debt-to-equity ratio of 0.26. The firm has a market cap of $1.35 billion, a price-to-earnings ratio of 14.56 and a beta of 0.76. Capital Southwest has a 52 week low of $17.46 and a 52 week high of $23.86.

Capital Southwest (NASDAQ:CSWC) last released its quarterly earnings data on Monday, November 3rd. The asset manager reported $0.57 EPS for the quarter, missing the consensus estimate of $0.58 by ($0.01). The company 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 quarter in the prior year, the company posted $0.66 EPS. As a group, sell-side analysts anticipate that Capital Southwest will post 2.54 earnings per share for the current year.

Capital Southwest Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, March 31st. Investors of record on Friday, March 13th will be paid a $0.1934 dividend. The ex-dividend date of this dividend is Friday, March 13th. This represents a c) dividend on an annualized basis and a yield of 9.9%. Capital Southwest’s dividend payout ratio (DPR) is currently 144.10%.

Hedge Funds Weigh In On Capital Southwest

A number of large investors have recently added to or reduced their stakes in the stock. Triumph Capital Management acquired a new stake in shares of Capital Southwest in the third quarter valued at about $28,000. Fortitude Family Office LLC purchased a new position in Capital Southwest in the 2nd quarter valued at about $31,000. Tower Research Capital LLC TRC boosted its holdings in Capital Southwest by 13,307.1% in the 2nd quarter. Tower Research Capital LLC TRC now owns 1,877 shares of the asset manager’s stock worth $41,000 after buying an additional 1,863 shares during the last quarter. Nomura Asset Management Co. Ltd. increased its stake in Capital Southwest by 58.5% during the 2nd quarter. Nomura Asset Management Co. Ltd. now owns 2,135 shares of the asset manager’s stock worth $47,000 after buying an additional 788 shares in the last quarter. Finally, State of Alaska Department of Revenue acquired a new position in shares of Capital Southwest during the third quarter valued at approximately $48,000. 23.42% of the stock is currently 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.