Capital Southwest (NASDAQ:CSWC) Downgraded by BidaskClub

BidaskClub cut shares of Capital Southwest (NASDAQ:CSWC) from a sell rating to a strong sell rating in a research note issued to investors on Saturday, BidAskClub reports.

Other equities research analysts have also issued reports about the stock. Zacks Investment Research lowered shares of Home Bancshares from a hold rating to a sell rating in a report on Friday, June 7th. National Securities restated a buy rating and issued a $24.00 price objective on shares of Capital Southwest in a report on Tuesday, June 4th. Finally, JMP Securities raised their price objective on shares of Envestnet from $67.00 to $72.00 and gave the company a market outperform rating in a report on Friday, March 15th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and two have given a buy rating to the company. Capital Southwest presently has an average rating of Hold and an average price target of $23.50.

Capital Southwest stock opened at $21.15 on Friday. The firm has a market cap of $371.67 million, a price-to-earnings ratio of 14.89 and a beta of 0.22. Capital Southwest has a 52-week low of $17.22 and a 52-week high of $24.17. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.29 and a current ratio of 0.29. The business’s 50 day simple moving average is $21.42.

Capital Southwest (NASDAQ:CSWC) last released its earnings results on Monday, June 3rd. The asset manager reported $0.40 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.40. Capital Southwest had a net margin of 68.26% and a return on equity of 7.53%. The company had revenue of $14.31 million for the quarter, compared to analyst estimates of $14.25 million. Analysts predict that Capital Southwest will post 1.71 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, June 14th were issued a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a dividend yield of 7.38%. This is a positive change from Capital Southwest’s previous quarterly dividend of $0.38. The ex-dividend date was Thursday, June 13th. Capital Southwest’s dividend payout ratio (DPR) is presently 109.86%.

Institutional investors and hedge funds have recently made changes to their positions in the company. Valeo Financial Advisors LLC acquired a new stake in Capital Southwest during the 2nd quarter worth $34,000. Princeton Global Asset Management LLC acquired a new stake in Capital Southwest during the 4th quarter worth $46,000. Macquarie Group Ltd. raised its stake in Capital Southwest by 706.0% during the 4th quarter. Macquarie Group Ltd. now owns 2,418 shares of the asset manager’s stock worth $46,000 after acquiring an additional 2,118 shares in the last quarter. Steinberg Global Asset Management acquired a new stake in Capital Southwest during the 1st quarter worth $239,000. Finally, Millennium Management LLC raised its stake in Capital Southwest by 28.7% during the 4th quarter. Millennium Management LLC now owns 13,209 shares of the asset manager’s stock worth $254,000 after acquiring an additional 2,945 shares in the last quarter. Institutional investors and hedge funds own 51.79% of the company’s stock.

About Capital Southwest

Capital Southwest Corporation is a business development company specializing in credit and private equity and venture capital investments in middle market companies, mezzanine, later stage, mature, late venture, emerging growth, buyouts, recapitalizations and growth capital investments. It does not invest in startups, publicly traded companies, real estate developments, project finance opportunities, oil and gas exploration businesses, troubled companies, turnarounds, and companies in which significant senior management is departing.

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