Capital Southwest (NASDAQ:CSWC) Upgraded 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 Wednesday.

Capital Southwest Stock Up 2.4 %

CSWC opened at $22.99 on Wednesday. Capital Southwest has a 12 month low of $20.68 and a 12 month high of $27.23. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.18 and a quick ratio of 0.18. The stock has a market cap of $1.16 billion, a P/E ratio of 16.31 and a beta of 1.21. The stock’s 50 day moving average price is $22.65 and its 200 day moving average price is $23.55.

Capital Southwest (NASDAQ:CSWC) last posted its earnings results on Monday, February 3rd. The asset manager reported $0.63 EPS for the quarter, beating the consensus estimate of $0.62 by $0.01. Capital Southwest had a return on equity of 15.18% and a net margin of 33.49%. As a group, research analysts predict that Capital Southwest will post 2.54 earnings per share for the current year.

Capital Southwest Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be given a dividend of $0.58 per share. This represents a $2.32 annualized dividend and a dividend yield of 10.09%. The ex-dividend date is Friday, March 14th. Capital Southwest’s dividend payout ratio (DPR) is presently 164.54%.

Institutional Investors Weigh In On Capital Southwest

Several large investors have recently modified their holdings of the stock. Promus Capital LLC acquired a new stake in shares of Capital Southwest in the fourth quarter worth $30,000. Quarry LP purchased a new stake in shares of Capital Southwest during the third quarter worth $35,000. Ameriflex Group Inc. purchased a new stake in shares of Capital Southwest during the fourth quarter worth $33,000. Nomura Asset Management Co. Ltd. raised its holdings in shares of Capital Southwest by 243.2% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 2,217 shares of the asset manager’s stock worth $48,000 after acquiring an additional 1,571 shares in the last quarter. Finally, Capital Analysts LLC raised its holdings in shares of Capital Southwest by 35.6% during the fourth quarter. Capital Analysts LLC now owns 2,550 shares of the asset manager’s stock worth $56,000 after acquiring an additional 669 shares in the last quarter. 23.42% of the stock is owned by institutional investors.

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.