Capital Southwest (CSWC) Downgraded by BidaskClub to “Sell”

Capital Southwest (NASDAQ:CSWC) was downgraded by BidaskClub from a “hold” rating to a “sell” rating in a research note issued to investors on Wednesday, December 20th.

CSWC has been the topic of several other research reports. Zacks Investment Research lowered shares of Capital Southwest from a “hold” rating to a “sell” rating in a research note on Wednesday, August 30th. National Securities reissued a “buy” rating and set a $22.00 price objective on shares of Capital Southwest in a research note on Thursday, November 9th. Ladenburg Thalmann Financial Services began coverage on shares of Capital Southwest in a research note on Thursday, November 30th. They set a “buy” rating and a $19.00 price objective on the stock. Finally, Robert W. Baird assumed coverage on shares of Capital Southwest in a research note on Wednesday, August 30th. They set an “outperform” rating and a $19.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $20.00.

Capital Southwest (CSWC) traded down $0.04 during trading hours on Wednesday, reaching $16.44. 12,658 shares of the company traded hands, compared to its average volume of 23,632. Capital Southwest has a 1-year low of $15.04 and a 1-year high of $17.76. The company has a debt-to-equity ratio of 0.19, a current ratio of 10.41 and a quick ratio of 10.42. The company has a market capitalization of $264.00, a price-to-earnings ratio of 9.45 and a beta of 0.53.

In related news, VP Douglas M. Kelley acquired 1,500 shares of the firm’s stock in a transaction dated Monday, November 13th. The stock was purchased at an average cost of $17.00 per share, with a total value of $25,500.00. Following the completion of the acquisition, the vice president now directly owns 66,135 shares of the company’s stock, valued at $1,124,295. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director David R. Brooks acquired 2,000 shares of the firm’s stock in a transaction dated Thursday, December 28th. The shares were bought at an average cost of $16.66 per share, with a total value of $33,320.00. Following the completion of the acquisition, the director now directly owns 22,000 shares of the company’s stock, valued at $366,520. The disclosure for this purchase can be found here. Insiders acquired 5,880 shares of company stock valued at $98,551 over the last ninety days. Corporate insiders own 5.90% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in CSWC. Advisors Asset Management Inc. purchased a new position in shares of Capital Southwest during the second quarter valued at approximately $179,000. JPMorgan Chase & Co. raised its holdings in shares of Capital Southwest by 8.3% during the second quarter. JPMorgan Chase & Co. now owns 15,722 shares of the asset manager’s stock valued at $253,000 after purchasing an additional 1,207 shares during the last quarter. Bard Associates Inc. purchased a new position in shares of Capital Southwest during the second quarter valued at approximately $263,000. Prudential Financial Inc. raised its holdings in shares of Capital Southwest by 10.8% during the second quarter. Prudential Financial Inc. now owns 22,500 shares of the asset manager’s stock valued at $362,000 after purchasing an additional 2,200 shares during the last quarter. Finally, Wells Fargo & Company MN raised its holdings in shares of Capital Southwest by 18.0% during the second quarter. Wells Fargo & Company MN now owns 24,216 shares of the asset manager’s stock valued at $389,000 after purchasing an additional 3,696 shares during the last quarter. 60.03% of the stock is owned by hedge funds and other institutional investors.

TRADEMARK VIOLATION WARNING: This article was originally published by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are viewing this article on another publication, it was illegally copied and reposted in violation of United States and international copyright & trademark laws. The original version of this article can be read at https://www.dispatchtribunal.com/2018/01/11/bidaskclub-downgrades-capital-southwest-cswc-to-sell.html.

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.

Analyst Recommendations for Capital Southwest (NASDAQ:CSWC)

Receive News & Ratings for Capital Southwest Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Capital Southwest and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply