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

Shares of Capital Southwest Corporation (NASDAQ:CSWC) have been given a consensus rating of “Moderate Buy” by the six ratings firms that are covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $25.17.

A number of equities analysts have commented on the company. Citigroup reaffirmed a “market outperform” rating on shares of Capital Southwest in a research note on Wednesday, August 5th. Citizens Jmp boosted their price objective on Capital Southwest from $25.00 to $26.00 and gave the company a “market outperform” rating in a research report on Wednesday, August 5th. B. Riley Financial increased their price objective on Capital Southwest from $24.50 to $25.50 and gave the company a “buy” rating in a research note on Wednesday, August 5th. Weiss Ratings cut shares of Capital Southwest from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday, October 13th. Finally, UBS Group raised their target price on shares of Capital Southwest from $23.50 to $24.00 and gave the stock a “neutral” rating in a report on Friday, October 9th.

Capital Southwest Price Performance

CSWC stock opened at $23.50 on Friday. The firm’s fifty day moving average is $23.41 and its 200 day moving average is $23.41. Capital Southwest has a 52 week low of $20.20 and a 52 week high of $25.75. The firm has a market cap of $1.56 billion, a P/E ratio of 13.82 and a beta of 0.67. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.11 and a current ratio of 0.11.

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

Capital Southwest Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Thursday, December 31st. Shareholders of record on Tuesday, December 15th will be given a dividend of $0.1934 per share. The ex-dividend date of this dividend is Tuesday, December 15th. This represents a $2.32 annualized dividend and a yield of 9.9%. Capital Southwest’s dividend payout ratio is presently 136.47%.

Insiders Place Their Bets

In other news, Director William Thomas, III purchased 2,170 shares of the business’s stock in a transaction on Thursday, October 1st. The shares were acquired at an average price of $23.04 per share, with a total value of $49,996.80. Following the acquisition, the director directly owned 22,842 shares in the company, valued at approximately $526,279.68. The trade was a 10.50% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 2.70% of the stock is owned by insiders.

Hedge Funds Weigh In On Capital Southwest

A number of hedge funds have recently modified their holdings of the company. Van ECK Associates Corp boosted its holdings in shares of Capital Southwest by 35.4% during the second quarter. Van ECK Associates Corp now owns 1,526,667 shares of the asset manager’s stock worth $36,289,000 after purchasing an additional 399,106 shares during the period. Empowered Funds LLC bought a new stake in shares of Capital Southwest in the first quarter worth about $13,694,000. Empirical Finance LLC purchased a new position in Capital Southwest during the 1st quarter valued at about $13,689,000. Legal & General Group Plc purchased a new position in Capital Southwest during the 2nd quarter valued at about $11,886,000. Finally, Columbus Macro LLC increased its holdings in Capital Southwest by 6.2% during the 3rd quarter. Columbus Macro LLC now owns 398,048 shares of the asset manager’s stock valued at $9,207,000 after purchasing an additional 23,177 shares during the period. Hedge funds and other institutional investors own 23.42% of the company’s stock.

About Capital Southwest

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.