Capital Southwest (NASDAQ:CSWC) Stock Crosses Above Two Hundred Day Moving Average – Here’s What Happened

Capital Southwest Corporation (NASDAQ:CSWC) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $22.45 and traded as high as $23.33. Capital Southwest shares last traded at $22.77, with a volume of 653,875 shares.

Wall Street Analyst Weigh In

Several research analysts have commented on CSWC shares. B. Riley Financial boosted their target price on Capital Southwest from $24.00 to $24.50 and gave the stock a “buy” rating in a research note on Friday, May 15th. Weiss Ratings raised shares of Capital Southwest from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, January 28th. Six investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $23.50.

Capital Southwest Price Performance

The business has a fifty day simple moving average of $22.94 and a 200-day simple moving average of $22.45. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.15 and a current ratio of 0.11. The stock has a market capitalization of $1.41 billion, a P/E ratio of 11.98 and a beta of 0.71.

Capital Southwest Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be issued a $0.1934 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 10.2%. The ex-dividend date is Monday, June 15th. Capital Southwest’s dividend payout ratio (DPR) is currently 122.11%.

Hedge Funds Weigh In On Capital Southwest

Several large investors have recently bought and sold shares of CSWC. Empowered Funds LLC bought a new position in Capital Southwest during the 1st quarter valued at $13,694,000. Empirical Finance LLC purchased a new stake in Capital Southwest in the 1st quarter worth about $13,689,000. Goldman Sachs Group Inc. boosted its stake in Capital Southwest by 246.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 257,672 shares of the asset manager’s stock worth $5,751,000 after purchasing an additional 183,313 shares during the period. HRT Financial LP boosted its stake in Capital Southwest by 176.0% in the 2nd quarter. HRT Financial LP now owns 242,080 shares of the asset manager’s stock worth $5,335,000 after purchasing an additional 154,384 shares during the period. Finally, Muzinich & Co. Inc. boosted its stake in Capital Southwest by 55.6% in the 4th quarter. Muzinich & Co. Inc. now owns 425,322 shares of the asset manager’s stock worth $9,421,000 after purchasing an additional 152,057 shares during the period. 23.42% of the stock is currently owned by institutional investors.

Capital Southwest Company Profile

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.