Capital Southwest Corporation (NASDAQ:CSWC) Stock Has Consensus Target Price of $25.17 According to Brokerages

Capital Southwest Corporation (NASDAQ:CSWC) has been given a consensus recommendation of “Moderate Buy” by the six research firms that are currently covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $25.17.

CSWC has been the subject of several research analyst reports. B. Riley Financial lifted their price objective on Capital Southwest from $24.50 to $25.50 and gave the stock a “buy” rating in a report on Wednesday, August 5th. Weiss Ratings cut shares of Capital Southwest from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday, October 13th. Citizens Jmp upped their target price on shares of Capital Southwest from $25.00 to $26.00 and gave the company a “market outperform” rating in a research note on Wednesday, August 5th. Citigroup reaffirmed a “market outperform” rating on shares of Capital Southwest in a report on Wednesday, August 5th. Finally, UBS Group lifted their price target on shares of Capital Southwest from $23.50 to $24.00 and gave the stock a “neutral” rating in a research note on Friday, October 9th.

Capital Southwest Trading Up 0.5%

Shares of NASDAQ CSWC opened at $23.61 on Friday. The firm’s 50 day moving average price is $23.46 and its 200-day moving average price is $23.41. Capital Southwest has a 52-week low of $20.20 and a 52-week high of $25.75. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.11 and a current ratio of 0.11. The company has a market cap of $1.57 billion, a PE ratio of 10.00 and a beta of 0.67.

Capital Southwest (NASDAQ:CSWC) last released its quarterly earnings data on Monday, November 2nd. The asset manager reported $0.56 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.57 by ($0.01). Capital Southwest had a net margin of 43.06% and a return on equity of 13.76%. The business had revenue of $67.16 million during the quarter, compared to the consensus estimate of $65.61 million. On average, equities research analysts expect that Capital Southwest will post 2.27 EPS for the current fiscal year.

Capital Southwest Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Thursday, December 31st. Investors of record on Tuesday, December 15th will be given a dividend of $0.1934 per share. The ex-dividend date is Tuesday, December 15th. This represents a $2.32 dividend on an annualized basis and a yield of 9.8%. Capital Southwest’s dividend payout ratio is 136.47%.

Insider Transactions at Capital Southwest

In related news, Director William Thomas, III bought 2,170 shares of the business’s stock in a transaction on Thursday, October 1st. The stock was acquired at an average price of $23.04 per share, with a total value of $49,996.80. Following the transaction, the director owned 22,842 shares in the company, valued at approximately $526,279.68. This trade represents a 10.50% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 2.70% of the company’s stock.

Institutional Trading of Capital Southwest

Large investors have recently modified their holdings of the company. Van ECK Associates Corp lifted its holdings in Capital Southwest by 35.4% in 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 acquiring an additional 399,106 shares during the period. Empowered Funds LLC purchased a new stake in shares of Capital Southwest during the 1st quarter valued at about $13,694,000. Empirical Finance LLC bought a new position in shares of Capital Southwest in the 1st quarter worth approximately $13,689,000. Legal & General Group Plc bought a new position in shares of Capital Southwest in the 2nd quarter worth approximately $11,886,000. Finally, Columbus Macro LLC boosted its holdings in shares of Capital Southwest by 6.2% in the third quarter. Columbus Macro LLC now owns 398,048 shares of the asset manager’s stock worth $9,207,000 after buying an additional 23,177 shares during the last quarter. Institutional investors own 23.42% of the company’s stock.

Capital Southwest Company Profile

Capital Southwest Corporation is an internally managed business development company that provides debt and equity financing to middle-market businesses. Its investments are primarily in privately held U.S. companies across a range of industries. The company’s portfolio generally includes senior secured loans, other debt investments and equity interests. Its financing can support business growth, acquisitions, recapitalizations and other corporate needs. Founded in 1961, Capital Southwest has a history as an investment company and today focuses on providing capital to middle-market businesses.