Capital Southwest (NASDAQ:CSWC) Hits New 1-Year High – Here’s What Happened

Capital Southwest Corporation (NASDAQ:CSWC)’s stock price reached a new 52-week high on Tuesday . The company traded as high as $25.75 and last traded at $25.57, with a volume of 545822 shares trading hands. The stock had previously closed at $25.47.

Analysts Set New Price Targets

CSWC has been the topic of several recent analyst reports. Citizens Jmp boosted their price objective on Capital Southwest from $25.00 to $26.00 and gave the stock a “market outperform” rating in a report on Wednesday, August 5th. B. Riley Financial raised 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. Weiss Ratings restated a “buy (b-)” rating on shares of Capital Southwest in a report on Thursday, June 18th. Finally, Citigroup restated a “market outperform” rating on shares of Capital Southwest in a report on Wednesday, August 5th. Six equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $23.60.

Capital Southwest Trading Down 0.9%

The business’s 50-day simple moving average is $24.28 and its 200-day simple moving average is $23.41. The company has a market cap of $1.58 billion, a PE ratio of 13.67 and a beta of 0.70. The company has a current ratio of 0.17, a quick ratio of 0.17 and a debt-to-equity ratio of 0.62.

Capital Southwest (NASDAQ:CSWC) last posted its quarterly earnings results on Monday, August 3rd. The asset manager reported $0.58 EPS for the quarter, beating the consensus estimate of $0.56 by $0.02. Capital Southwest had a net margin of 46.68% and a return on equity of 13.88%. The business had revenue of $61.05 million for the quarter, compared to analysts’ expectations of $61.22 million. During the same period in the previous year, the company posted $0.61 EPS. As a group, analysts expect that Capital Southwest Corporation will post 2.27 EPS for the current fiscal year.

Capital Southwest Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Thursday, December 31st. Shareholders of record on Tuesday, December 15th will be paid a $0.1934 dividend. The ex-dividend date is Tuesday, December 15th. This represents a c) dividend on an annualized basis and a yield of 9.4%. Capital Southwest’s payout ratio is 128.18%.

Institutional Investors Weigh In On Capital Southwest

Hedge funds and other institutional investors have recently made changes to their positions in the company. Triumph Capital Management bought a new stake in shares of Capital Southwest in the 3rd quarter valued at approximately $28,000. Allied Private Wealth LLC bought a new position in Capital Southwest during the second quarter valued at approximately $37,000. Tower Research Capital LLC TRC lifted its stake in Capital Southwest by 13,307.1% in the second quarter. Tower Research Capital LLC TRC now owns 1,877 shares of the asset manager’s stock valued at $41,000 after acquiring an additional 1,863 shares during the last quarter. Osbon Capital Management LLC bought a new stake in Capital Southwest in the fourth quarter worth approximately $55,000. Finally, CENTRAL TRUST Co acquired a new position in shares of Capital Southwest during the 1st quarter worth $60,000. 23.42% of the stock is owned by hedge funds and other 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.