Capital Southwest Corporation (NASDAQ:CSWC) Given Average Rating of “Moderate Buy” by Brokerages

Capital Southwest Corporation (NASDAQ:CSWC) has earned an average recommendation of “Moderate Buy” from the seven brokerages that are currently covering the stock, Marketbeat Ratings reports. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $23.20.

A number of analysts have recently issued reports on the company. B. Riley Financial raised their price objective on Capital Southwest from $24.00 to $24.50 and gave the company a “buy” rating in a research report on Friday, May 15th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Capital Southwest in a report on Thursday, June 18th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Van ECK Associates Corp lifted its position in Capital Southwest by 8.2% during the third quarter. Van ECK Associates Corp now owns 1,457,146 shares of the asset manager’s stock worth $31,853,000 after acquiring an additional 109,846 shares during the last quarter. Sound Income Strategies LLC lifted its holdings in Capital Southwest by 2.0% during the 1st quarter. Sound Income Strategies LLC now owns 903,329 shares of the asset manager’s stock worth $19,810,000 after purchasing an additional 17,362 shares during the last quarter. UBS Group AG boosted its stake in Capital Southwest by 5.0% in the 4th quarter. UBS Group AG now owns 817,148 shares of the asset manager’s stock valued at $18,100,000 after purchasing an additional 38,987 shares during the period. Empowered Funds LLC acquired a new position in Capital Southwest in the 1st quarter valued at $13,694,000. Finally, Empirical Finance LLC bought a new position in Capital Southwest during the 1st quarter worth $13,689,000. Institutional investors and hedge funds own 23.42% of the company’s stock.

Capital Southwest Stock Performance

Shares of CSWC traded up $0.22 during midday trading on Friday, reaching $23.84. The stock had a trading volume of 450,817 shares, compared to its average volume of 619,414. The firm has a market cap of $1.48 billion, a PE ratio of 12.55 and a beta of 0.70. The firm has a 50 day simple moving average of $23.44 and a 200-day simple moving average of $22.97. Capital Southwest has a one year low of $19.37 and a one year high of $24.43. The company has a current ratio of 0.11, a quick ratio of 0.11 and a debt-to-equity ratio of 0.56.

Capital Southwest Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be given a $0.1934 dividend. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a c) annualized dividend and a dividend yield of 9.7%. Capital Southwest’s dividend payout ratio is presently 122.11%.

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.