Capital Southwest (CSWC) Downgraded to Buy at BidaskClub

BidaskClub lowered shares of Capital Southwest (NASDAQ:CSWC) from a strong-buy rating to a buy rating in a report issued on Friday.

Other equities research analysts have also recently issued reports about the stock. JMP Securities initiated coverage on shares of Capital Southwest in a research report on Tuesday, July 31st. They issued an outperform rating and a $20.00 target price for the company. Zacks Investment Research cut shares of Capital Southwest from a hold rating to a sell rating in a research report on Thursday, August 9th. Finally, National Securities reaffirmed a buy rating and issued a $23.00 target price on shares of Capital Southwest in a research report on Monday, August 13th. One investment analyst has rated the stock with a sell rating and four have assigned a buy rating to the stock. The stock currently has an average rating of Buy and a consensus target price of $20.67.

CSWC traded up $0.16 during trading on Friday, hitting $19.22. 42,062 shares of the stock traded hands, compared to its average volume of 38,856. The stock has a market capitalization of $325.64 million, a P/E ratio of 19.03 and a beta of 0.18. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.21. Capital Southwest has a 12-month low of $14.85 and a 12-month high of $19.80.

Capital Southwest (NASDAQ:CSWC) last announced its quarterly earnings results on Monday, August 6th. The asset manager reported $0.29 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.26 by $0.03. The business had revenue of $11.11 million during the quarter, compared to analysts’ expectations of $9.92 million. Capital Southwest had a net margin of 118.20% and a return on equity of 5.82%. Sell-side analysts expect that Capital Southwest will post 1.28 EPS for the current fiscal year.

Several large investors have recently bought and sold shares of CSWC. Northern Trust Corp purchased a new stake in shares of Capital Southwest in the 1st quarter worth about $464,000. Ariel Investments LLC increased its stake in shares of Capital Southwest by 4.8% in the 2nd quarter. Ariel Investments LLC now owns 1,039,515 shares of the asset manager’s stock worth $18,826,000 after acquiring an additional 47,792 shares in the last quarter. Raymond James & Associates increased its stake in shares of Capital Southwest by 8.6% in the 2nd quarter. Raymond James & Associates now owns 76,859 shares of the asset manager’s stock worth $1,392,000 after acquiring an additional 6,064 shares in the last quarter. Hilltop Holdings Inc. increased its stake in shares of Capital Southwest by 30.0% in the 2nd quarter. Hilltop Holdings Inc. now owns 55,300 shares of the asset manager’s stock worth $1,001,000 after acquiring an additional 12,750 shares in the last quarter. Finally, Bard Associates Inc. increased its stake in shares of Capital Southwest by 16.9% in the 2nd quarter. Bard Associates Inc. now owns 19,375 shares of the asset manager’s stock worth $351,000 after acquiring an additional 2,800 shares in the last quarter. 54.40% of the stock is owned by hedge funds and other institutional investors.

About Capital Southwest

Capital Southwest Corporation is a business development company specializing in credit and private equity and venture capital investments in middle market companies, mezzanine, later stage, mature, late venture, emerging growth, buyouts, recapitalizations and growth capital investments. It does not invest in startups, publicly traded companies, real estate developments, project finance opportunities, oil and gas exploration businesses, troubled companies, turnarounds, and companies in which significant senior management is departing.

Further Reading: What is a Leveraged Buyout (LBO)?

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