Capital Southwest Corporation (NASDAQ:CSWC) Receives $23.64 Consensus Price Target from Analysts

Shares of Capital Southwest Corporation (NASDAQ:CSWC) have been given an average recommendation of “Moderate Buy” by the ten analysts that are currently covering the company, Marketbeat reports. Three research analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $23.6429.

A number of research analysts have weighed in on CSWC shares. UBS Group dropped their price objective on shares of Capital Southwest from $23.00 to $21.50 and set a “neutral” rating on the stock in a research note on Tuesday, October 14th. Zacks Research raised Capital Southwest from a “strong sell” rating to a “hold” rating in a research report on Monday, January 5th. Noble Financial raised shares of Capital Southwest to a “buy” rating in a report on Wednesday, November 5th. Loop Capital reiterated a “buy” rating and issued a $23.00 target price on shares of Capital Southwest in a research note on Wednesday, November 5th. Finally, Capital One Financial set a $22.00 target price on shares of Capital Southwest in a report on Tuesday, November 4th.

Capital Southwest Trading Up 0.8%

NASDAQ:CSWC opened at $23.19 on Wednesday. Capital Southwest has a 12 month low of $17.46 and a 12 month high of $23.86. The company has a current ratio of 0.15, a quick ratio of 0.16 and a debt-to-equity ratio of 0.51. The stock has a market capitalization of $1.40 billion, a price-to-earnings ratio of 12.81 and a beta of 0.76. The firm has a fifty day simple moving average of $22.52 and a two-hundred day simple moving average of $22.06.

Capital Southwest (NASDAQ:CSWC) last issued its earnings results on Monday, February 2nd. The asset manager reported $0.64 EPS for the quarter, meeting the consensus estimate of $0.64. The company had revenue of $61.45 million during the quarter, compared to the consensus estimate of $57.37 million. Capital Southwest had a return on equity of 13.76% and a net margin of 45.46%.During the same period last year, the business posted $0.63 EPS. Analysts expect that Capital Southwest will post 2.54 EPS for the current fiscal year.

Capital Southwest Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Friday, March 13th will be given a dividend of $0.1934 per share. The ex-dividend date of this dividend is Friday, March 13th. This represents a c) annualized dividend and a dividend yield of 10.0%. Capital Southwest’s dividend payout ratio (DPR) is currently 128.18%.

Hedge Funds Weigh In On Capital Southwest

Institutional investors have recently modified their holdings of the business. Triumph Capital Management purchased a new position in Capital Southwest in the third quarter worth $28,000. Tower Research Capital LLC TRC raised 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 period. Nomura Asset Management Co. Ltd. boosted its holdings in shares of Capital Southwest by 58.5% in 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 during the last quarter. State of Alaska Department of Revenue bought a new position in Capital Southwest during the third quarter valued at about $48,000. Finally, First Horizon Advisors Inc. increased its holdings in Capital Southwest by 1,214.0% during the second quarter. First Horizon Advisors Inc. now owns 2,628 shares of the asset manager’s stock worth $58,000 after buying an additional 2,428 shares during the last quarter. 23.42% of the stock is 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.