Capital Southwest (NASDAQ:CSWC) Upgraded to “Hold” at StockNews.com

StockNews.com upgraded shares of Capital Southwest (NASDAQ:CSWC) from a sell rating to a hold rating in a research note issued to investors on Saturday.

Separately, B. Riley lifted their price objective on shares of Capital Southwest from $24.00 to $24.50 and gave the stock a “neutral” rating in a research report on Wednesday, October 30th.

Capital Southwest Price Performance

Shares of CSWC opened at $23.46 on Friday. The company has a market cap of $1.19 billion, a price-to-earnings ratio of 16.64 and a beta of 1.24. Capital Southwest has a 1-year low of $20.68 and a 1-year high of $27.23. The company’s fifty day simple moving average is $22.20 and its 200 day simple moving average is $23.67. The company has a current ratio of 0.18, a quick ratio of 0.16 and a debt-to-equity ratio of 0.64.

Capital Southwest (NASDAQ:CSWC) last issued its earnings results on Monday, February 3rd. The asset manager reported $0.63 earnings per share for the quarter, topping analysts’ consensus estimates of $0.62 by $0.01. Capital Southwest had a net margin of 33.49% and a return on equity of 15.18%. On average, research analysts forecast that Capital Southwest will post 2.54 earnings per share for the current fiscal year.

Capital Southwest Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be given a dividend of $0.58 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $2.32 dividend on an annualized basis and a yield of 9.89%. Capital Southwest’s dividend payout ratio (DPR) is 164.54%.

Institutional Investors Weigh In On Capital Southwest

A number of institutional investors have recently modified their holdings of the business. Van ECK Associates Corp boosted its position in shares of Capital Southwest by 3.3% in the fourth quarter. Van ECK Associates Corp now owns 1,190,204 shares of the asset manager’s stock valued at $25,970,000 after acquiring an additional 38,051 shares during the period. Sanders Morris Harris LLC boosted its position in shares of Capital Southwest by 28.0% in the fourth quarter. Sanders Morris Harris LLC now owns 814,584 shares of the asset manager’s stock valued at $17,579,000 after acquiring an additional 178,420 shares during the period. Zuckerman Investment Group LLC boosted its position in shares of Capital Southwest by 4.8% in the fourth quarter. Zuckerman Investment Group LLC now owns 672,468 shares of the asset manager’s stock valued at $14,983,000 after acquiring an additional 31,009 shares during the period. Sound Income Strategies LLC boosted its position in shares of Capital Southwest by 2.9% in the fourth quarter. Sound Income Strategies LLC now owns 578,541 shares of the asset manager’s stock valued at $12,624,000 after acquiring an additional 16,462 shares during the period. Finally, Beacon Pointe Advisors LLC boosted its position in shares of Capital Southwest by 1,481.6% in the fourth quarter. Beacon Pointe Advisors LLC now owns 490,291 shares of the asset manager’s stock valued at $10,698,000 after acquiring an additional 459,291 shares during the period. Institutional investors own 23.42% of the company’s stock.

Capital Southwest Company Profile

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, industry consolidation, recapitalizations and growth capital investments.