Zacks Investment Research upgraded shares of Capital Southwest Corporation (NASDAQ:CSWC) from a strong sell rating to a hold rating in a research report released on Wednesday morning.
According to Zacks, “Capital Southwest Corporation is a venture capital investment company whose objective is to achieve capital appreciation through long-term investments in businesses believed to have favorable growth potential. The Company’s investments are focused on early-stage financings, expansion financings, management buyouts and recapitalizations in a broad range of industry segments. The portfolio is a composite of companies in which the Company has major interests as well as a number of developing companies and marketable securities of established publicly-owned companies. “
Several other brokerages have also recently issued reports on CSWC. Janney Montgomery Scott started coverage on Capital Southwest Corporation in a research report on Friday, June 30th. They set a neutral rating and a $18.00 target price on the stock. ValuEngine cut Capital Southwest Corporation from a buy rating to a hold rating in a research report on Thursday, July 6th. Robert W. Baird started coverage on Capital Southwest Corporation in a research report on Wednesday, August 30th. They set an outperform rating and a $19.00 target price on the stock. BidaskClub raised Capital Southwest Corporation from a hold rating to a buy rating in a research report on Tuesday, August 22nd. Finally, National Bank Financial reaffirmed a buy rating and set a $22.00 target price on shares of Capital Southwest Corporation in a research report on Wednesday, June 28th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock presently has an average rating of Buy and an average target price of $20.25.
Shares of Capital Southwest Corporation (NASDAQ CSWC) traded down 0.11% during midday trading on Wednesday, hitting $17.61. The stock had a trading volume of 4,532 shares. Capital Southwest Corporation has a 52 week low of $13.81 and a 52 week high of $17.73. The company’s 50 day moving average is $16.89 and its 200 day moving average is $16.41. The firm has a market cap of $281.87 million, a P/E ratio of 10.69 and a beta of -0.51.
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The firm also recently declared a quarterly dividend, which was paid on Monday, October 2nd. Investors of record on Friday, September 15th were issued a dividend of $0.24 per share. This is a positive change from Capital Southwest Corporation’s previous quarterly dividend of $0.21. This represents a $0.96 dividend on an annualized basis and a yield of 5.45%. The ex-dividend date of this dividend was Thursday, September 14th. Capital Southwest Corporation’s dividend payout ratio (DPR) is 58.54%.
In related news, major shareholder Moab Capital Partners Llc sold 53,270 shares of Capital Southwest Corporation stock in a transaction on Monday, August 28th. The stock was sold at an average price of $17.30, for a total transaction of $921,571.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders have sold 54,770 shares of company stock worth $945,931 over the last quarter. 5.90% of the stock is currently owned by corporate insiders.
Institutional investors have recently modified their holdings of the stock. Advisors Asset Management Inc. bought a new stake in Capital Southwest Corporation during the second quarter worth $179,000. JPMorgan Chase & Co. lifted its holdings in Capital Southwest Corporation by 8.3% during the second quarter. JPMorgan Chase & Co. now owns 15,722 shares of the asset manager’s stock worth $253,000 after acquiring an additional 1,207 shares during the period. Steinberg Global Asset Management lifted its holdings in Capital Southwest Corporation by 8.1% during the second quarter. Steinberg Global Asset Management now owns 16,020 shares of the asset manager’s stock worth $258,000 after acquiring an additional 1,200 shares during the period. Bard Associates Inc. bought a new stake in Capital Southwest Corporation during the second quarter worth $263,000. Finally, Wedbush Securities Inc. lifted its holdings in Capital Southwest Corporation by 27.5% during the second quarter. Wedbush Securities Inc. now owns 21,804 shares of the asset manager’s stock worth $351,000 after acquiring an additional 4,700 shares during the period. Institutional investors and hedge funds own 62.07% of the company’s stock.
Capital Southwest Corporation 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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