Brokerages Set Capital Southwest Corporation (NASDAQ:CSWC) Target Price at $23.60

Shares of Capital Southwest Corporation (NASDAQ:CSWC) have been given an average rating of “Moderate Buy” by the nine analysts that are currently covering the stock, Marketbeat.com reports. Three analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $23.60.

Several analysts have recently issued reports on CSWC shares. Weiss Ratings reissued a “buy (b-)” rating on shares of Capital Southwest in a research report on Thursday, June 18th. Citigroup restated a “market outperform” rating on shares of Capital Southwest in a report on Wednesday, August 5th. Citizens Jmp upped their target price on shares of Capital Southwest from $25.00 to $26.00 and gave the stock a “market outperform” rating in a research note on Wednesday, August 5th. Finally, B. Riley Financial increased their target price on shares of Capital Southwest from $24.50 to $25.50 and gave the stock a “buy” rating in a report on Wednesday, August 5th.

Capital Southwest Stock Down 0.3%

Capital Southwest stock opened at $25.21 on Friday. The company has a market capitalization of $1.61 billion, a PE ratio of 13.93 and a beta of 0.69. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.17 and a current ratio of 0.17. Capital Southwest has a fifty-two week low of $19.37 and a fifty-two week high of $25.37. The firm has a 50 day moving average price of $24.01 and a 200 day moving average price of $23.32.

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

Institutional Trading of Capital Southwest

Large investors have recently modified their holdings of the stock. Empowered Funds LLC purchased a new position in Capital Southwest in the first quarter valued at $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 purchased a new stake in Capital Southwest during the 2nd quarter worth about $11,886,000. Van ECK Associates Corp raised its position in Capital Southwest by 35.4% in the 2nd 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 in the last quarter. Finally, Melia Wealth LLC acquired a new stake in Capital Southwest in the 2nd quarter valued at about $8,979,000. Hedge funds and other institutional investors 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.