Capital Southwest Co. (NASDAQ:CSWC) has been given a consensus rating of “Hold” by the eight brokerages that are currently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and four have issued a buy recommendation on the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $20.00.
Several analysts recently commented on CSWC shares. Zacks Investment Research raised Capital Southwest from a “strong sell” rating to a “hold” rating in a research note on Wednesday, October 11th. National Securities reaffirmed a “buy” rating and issued a $22.00 price target on shares of Capital Southwest in a research note on Monday, October 23rd. Ladenburg Thalmann Financial Services started coverage on Capital Southwest in a research note on Thursday, November 30th. They issued a “buy” rating and a $19.00 price target on the stock. Finally, BidaskClub lowered Capital Southwest from a “hold” rating to a “sell” rating in a research note on Wednesday, December 20th.
Shares of Capital Southwest (CSWC) traded down $0.07 during mid-day trading on Friday, reaching $16.71. The company had a trading volume of 10,489 shares, compared to its average volume of 18,421. The company has a current ratio of 10.41, a quick ratio of 10.42 and a debt-to-equity ratio of 0.19. The firm has a market cap of $268.80, a price-to-earnings ratio of 9.60 and a beta of 0.53. Capital Southwest has a twelve month low of $15.04 and a twelve month high of $17.76.
Capital Southwest (NASDAQ:CSWC) last announced its quarterly earnings results on Monday, November 6th. The asset manager reported $0.25 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.25. Capital Southwest had a return on equity of 5.09% and a net margin of 90.67%. research analysts anticipate that Capital Southwest will post 1.01 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, January 2nd. Shareholders of record on Friday, December 15th were paid a $0.26 dividend. The ex-dividend date was Thursday, December 14th. This represents a $1.04 dividend on an annualized basis and a yield of 6.22%. This is a positive change from Capital Southwest’s previous quarterly dividend of $0.24. Capital Southwest’s payout ratio is currently 59.77%.
In other news, Director David R. Brooks bought 2,000 shares of the company’s stock in a transaction dated Friday, December 28th. The stock was bought at an average price of $16.66 per share, for a total transaction of $33,320.00. Following the completion of the transaction, the director now directly owns 22,000 shares in the company, valued at approximately $366,520. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Douglas M. Kelley bought 1,500 shares of the company’s stock in a transaction dated Monday, November 13th. The shares were purchased at an average price of $17.00 per share, with a total value of $25,500.00. Following the transaction, the vice president now owns 66,135 shares of the company’s stock, valued at $1,124,295. The disclosure for this purchase can be found here. In the last three months, insiders acquired 5,880 shares of company stock worth $98,551. Insiders own 5.90% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in the company. Punch & Associates Investment Management Inc. raised its position in shares of Capital Southwest by 4.7% during the second quarter. Punch & Associates Investment Management Inc. now owns 1,784,841 shares of the asset manager’s stock worth $28,700,000 after acquiring an additional 79,522 shares during the last quarter. Zuckerman Investment Group LLC raised its position in shares of Capital Southwest by 6.9% during the third quarter. Zuckerman Investment Group LLC now owns 1,356,695 shares of the asset manager’s stock worth $23,240,000 after acquiring an additional 87,408 shares during the last quarter. New York State Common Retirement Fund raised its position in shares of Capital Southwest by 12.3% during the second quarter. New York State Common Retirement Fund now owns 103,139 shares of the asset manager’s stock worth $1,658,000 after acquiring an additional 11,299 shares during the last quarter. Cove Street Capital LLC raised its position in shares of Capital Southwest by 9.5% during the second quarter. Cove Street Capital LLC now owns 95,657 shares of the asset manager’s stock worth $1,538,000 after acquiring an additional 8,300 shares during the last quarter. Finally, Kennedy Capital Management Inc. raised its position in shares of Capital Southwest by 249.3% during the second quarter. Kennedy Capital Management Inc. now owns 44,035 shares of the asset manager’s stock worth $708,000 after acquiring an additional 31,428 shares during the last quarter. Institutional investors own 60.03% of the company’s stock.
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About Capital Southwest
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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