Capital Southwest Co. (NASDAQ:CSWC) declared a quarterly dividend on Friday, December 1st, Wall Street Journal reports. Shareholders of record on Friday, December 15th will be given a dividend of 0.26 per share by the asset manager on Tuesday, January 2nd. This represents a $1.04 annualized dividend and a yield of 6.11%. The ex-dividend date is Thursday, December 14th. This is a positive change from Capital Southwest’s previous quarterly dividend of $0.24.
Capital Southwest (CSWC) opened at $17.01 on Friday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 10.42 and a current ratio of 10.41. Capital Southwest has a 12 month low of $14.80 and a 12 month high of $17.76. The stock has a market capitalization of $272.33, a price-to-earnings ratio of 18.89 and a beta of -0.55.
CSWC has been the subject of several recent analyst reports. Zacks Investment Research lowered Capital Southwest from a “hold” rating to a “sell” rating in a research note on Wednesday, August 30th. Robert W. Baird assumed coverage on Capital Southwest in a report on Wednesday, August 30th. They set an “outperform” rating and a $19.00 target price on the stock. National Securities restated a “buy” rating and set a $22.00 target price on shares of Capital Southwest in a report on Thursday, November 9th. BidaskClub upgraded Capital Southwest from a “hold” rating to a “buy” rating in a report on Tuesday, August 22nd. Finally, Ladenburg Thalmann Financial Services assumed coverage on Capital Southwest in a report on Thursday. They set a “buy” rating and a $19.00 target price on the stock. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Capital Southwest presently has a consensus rating of “Buy” and a consensus target price of $20.00.
In other Capital Southwest news, VP Douglas M. Kelley bought 1,500 shares of the firm’s stock in a transaction dated Monday, November 13th. The shares were bought at an average price of $17.00 per share, for a total transaction of $25,500.00. Following the completion of the acquisition, the vice president now owns 66,135 shares of the company’s stock, valued at $1,124,295. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. 5.90% of the stock is currently owned by corporate insiders.
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Capital Southwest Company Profile
Capital Southwest Corporation is an investment company that specializes in providing customized financing to middle market companies in a range of industry segments located primarily in the United States. The Company is a specialty lending company. Its principal investment objective is to produce risk-adjusted returns by generating current income from debt investments and capital appreciation from its equity and equity related investments.
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