Capital Southwest (NASDAQ:CSWC) Price Target Raised to $26.00

Capital Southwest (NASDAQ:CSWC) had its price objective hoisted by Citizens Jmp from $25.00 to $26.00 in a research report sent to investors on Wednesday,Benzinga reports. The firm currently has a market outperform rating on the asset manager’s stock.

A number of other brokerages also recently commented on CSWC. B. Riley Financial lifted their price objective on shares of Capital Southwest from $24.50 to $25.50 and gave the company a “buy” rating in a research report on Wednesday. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Capital Southwest in a report on Thursday, June 18th. Finally, Citigroup reiterated a “market outperform” rating on shares of Capital Southwest in a research note on Wednesday. Six equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $23.60.

Capital Southwest Stock Up 1.5%

NASDAQ:CSWC opened at $25.13 on Wednesday. The firm has a market capitalization of $1.60 billion, a price-to-earnings ratio of 13.88 and a beta of 0.69. The company has a quick ratio of 0.11, a current ratio of 0.17 and a debt-to-equity ratio of 0.62. Capital Southwest has a twelve month low of $19.37 and a twelve month high of $25.24. The stock’s 50 day moving average price is $23.64 and its two-hundred day moving average price is $23.18.

Capital Southwest Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be issued a $0.1934 dividend. This represents a c) annualized dividend and a yield of 9.2%. The ex-dividend date of this dividend is Tuesday, September 15th. Capital Southwest’s dividend payout ratio is currently 128.18%.

Institutional Investors Weigh In On Capital Southwest

A number of institutional investors have recently made changes to their positions in the company. Triumph Capital Management bought a new position in shares of Capital Southwest during the third quarter worth approximately $28,000. Allied Private Wealth LLC bought a new stake in Capital Southwest in the 2nd quarter valued at $37,000. Tower Research Capital LLC TRC grew its holdings in Capital Southwest by 13,307.1% in the 2nd quarter. Tower Research Capital LLC TRC now owns 1,877 shares of the asset manager’s stock valued at $41,000 after buying an additional 1,863 shares in the last quarter. Osbon Capital Management LLC bought a new position in Capital Southwest during the 4th quarter worth $55,000. Finally, CENTRAL TRUST Co acquired a new stake in shares of Capital Southwest during the first quarter worth $60,000. Institutional investors own 23.42% of the company’s stock.

About Capital Southwest

Capital Southwest (NASDAQ: CSWC) is a publicly traded investment firm structured as a business development company (BDC) that provides customized financing solutions to middle-market companies across the United States. The firm offers a spectrum of debt and equity capital, including senior secured loans, mezzanine debt, and both preferred and common equity investments. By partnering with corporate management teams, Capital Southwest seeks to support growth initiatives, recapitalizations, acquisitions, and ownership transitions.

Founded in 1961 and headquartered in Dallas, Texas, Capital Southwest has cultivated a track record of long-term partnerships with privately held businesses and select public companies.