Capital Southwest (NASDAQ:CSWC) Cut to “Sell” at StockNews.com

Capital Southwest (NASDAQ:CSWC) was downgraded by research analysts at StockNews.com from a “hold” rating to a “sell” rating in a research report issued on Friday.

Separately, B. Riley lifted their target price 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 Stock Up 0.4 %

Shares of CSWC traded up $0.09 on Friday, hitting $22.97. 405,205 shares of the stock traded hands, compared to its average volume of 453,268. The company has a market capitalization of $1.10 billion, a PE ratio of 14.01 and a beta of 1.24. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.16 and a current ratio of 0.16. The business has a 50 day simple moving average of $22.20 and a 200 day simple moving average of $23.79. Capital Southwest has a one year low of $20.68 and a one year high of $27.23.

Capital Southwest (NASDAQ:CSWC) last announced its quarterly earnings results on Monday, February 3rd. The asset manager reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.62 by $0.01. Capital Southwest had a net margin of 37.77% and a return on equity of 15.54%. As a group, equities analysts forecast that Capital Southwest will post 2.55 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Capital Southwest

A number of hedge funds have recently modified their holdings of CSWC. Harbor Capital Advisors Inc. grew its position in shares of Capital Southwest by 146.7% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 387,647 shares of the asset manager’s stock valued at $9,804,000 after acquiring an additional 230,513 shares during the period. Raymond James Financial Inc. purchased a new position in shares of Capital Southwest during the 4th quarter valued at $4,250,000. Sanders Morris Harris LLC lifted its stake in shares of Capital Southwest by 28.0% during the 4th quarter. Sanders Morris Harris LLC now owns 814,584 shares of the asset manager’s stock valued at $17,579,000 after buying an additional 178,420 shares in the last quarter. Van ECK Associates Corp lifted its stake in shares of Capital Southwest by 8.8% during the 3rd quarter. Van ECK Associates Corp now owns 1,152,153 shares of the asset manager’s stock valued at $29,483,000 after buying an additional 92,936 shares in the last quarter. Finally, Naviter Wealth LLC purchased a new position in shares of Capital Southwest during the 4th quarter valued at $1,823,000. Institutional investors own 23.42% of the company’s stock.

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, industry consolidation, recapitalizations and growth capital investments.