Capital Southwest Corporation (CSWC) Reaches New 12-Month High at $17.65

Capital Southwest Corporation (NASDAQ:CSWC)’s share price hit a new 52-week high on Wednesday . The stock traded as high as $17.65 and last traded at $17.55, with a volume of 8,210 shares trading hands. The stock had previously closed at $17.39.

Several equities analysts have recently weighed in on the company. Zacks Investment Research upgraded Capital Southwest Corporation from a “strong sell” rating to a “hold” rating in a research report on Wednesday. Robert W. Baird assumed coverage on Capital Southwest Corporation in a research report on Wednesday, August 30th. They issued an “outperform” rating and a $19.00 price target for the company. BidaskClub upgraded Capital Southwest Corporation from a “hold” rating to a “buy” rating in a research report on Tuesday, August 22nd. National Securities assumed coverage on Capital Southwest Corporation in a research report on Tuesday, June 27th. They issued a “buy” rating and a $22.00 price target for the company. Finally, Janney Montgomery Scott assumed coverage on Capital Southwest Corporation in a research report on Friday, June 30th. They issued a “neutral” rating and a $18.00 price target for the company. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Capital Southwest Corporation currently has a consensus rating of “Buy” and a consensus target price of $20.25.

The firm’s 50-day moving average is $16.92 and its 200 day moving average is $16.42. The company has a market capitalization of $283.63 million, a P/E ratio of 10.75 and a beta of -0.51.

The business also recently announced a quarterly dividend, which was paid on Monday, October 2nd. Investors of record on Friday, September 15th were issued a $0.24 dividend. This is a boost 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 5.42%. The ex-dividend date was Thursday, September 14th. Capital Southwest Corporation’s dividend payout ratio (DPR) is currently 58.54%.

In related news, major shareholder Moab Capital Partners Llc sold 53,270 shares of the firm’s stock in a transaction on Monday, August 28th. The stock was sold at an average price of $17.30, for a total value of $921,571.00. The sale was disclosed in a legal filing with the SEC, which is available through this link. Over the last ninety days, insiders sold 54,770 shares of company stock worth $945,931. 5.90% of the stock is owned by insiders.

A number of hedge funds have recently modified their holdings of the business. Punch & Associates Investment Management Inc. increased its stake in Capital Southwest Corporation by 4.7% in the 2nd quarter. Punch & Associates Investment Management Inc. now owns 1,784,841 shares of the asset manager’s stock worth $28,700,000 after buying an additional 79,522 shares in the last quarter. Zuckerman Investment Group LLC increased its stake in Capital Southwest Corporation by 0.6% in the 2nd quarter. Zuckerman Investment Group LLC now owns 1,269,287 shares of the asset manager’s stock worth $20,410,000 after buying an additional 7,624 shares in the last quarter. Russell Investments Group Ltd. increased its stake in Capital Southwest Corporation by 1.7% in the 2nd quarter. Russell Investments Group Ltd. now owns 114,753 shares of the asset manager’s stock worth $1,846,000 after buying an additional 1,937 shares in the last quarter. New York State Common Retirement Fund increased its stake in Capital Southwest Corporation by 12.3% in the 2nd quarter. New York State Common Retirement Fund now owns 103,139 shares of the asset manager’s stock worth $1,658,000 after buying an additional 11,299 shares in the last quarter. Finally, Cove Street Capital LLC increased its stake in Capital Southwest Corporation by 9.5% in the 2nd quarter. Cove Street Capital LLC now owns 95,657 shares of the asset manager’s stock worth $1,538,000 after buying an additional 8,300 shares in the last quarter. Institutional investors and hedge funds own 62.07% of the company’s stock.

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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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