Capital Southwest (NASDAQ:CSWC) Shares Cross Above Two Hundred Day Moving Average – Here’s What Happened

Capital Southwest Corporation (NASDAQ:CSWC)’s share price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $21.75 and traded as high as $22.73. Capital Southwest shares last traded at $22.54, with a volume of 412,828 shares traded.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on CSWC shares. Citigroup raised shares of Capital Southwest to an “outperform” rating in a research note on Tuesday, June 24th. UBS Group increased their price objective on shares of Capital Southwest from $21.00 to $22.50 and gave the company a “neutral” rating in a research note on Wednesday, July 16th. Citizens Jmp raised shares of Capital Southwest from a “market perform” rating to an “outperform” rating and set a $25.00 price objective for the company in a research note on Tuesday, June 24th. B. Riley increased their price objective on shares of Capital Southwest from $23.50 to $24.00 and gave the company a “buy” rating in a research note on Friday, August 8th. Finally, Raymond James Financial increased their price objective on shares of Capital Southwest from $23.00 to $25.00 and gave the company an “outperform” rating in a research note on Friday, August 8th. Five analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $24.30.

Capital Southwest Stock Performance

The company has a current ratio of 0.19, a quick ratio of 0.19 and a debt-to-equity ratio of 0.53. The company’s 50-day simple moving average is $22.50 and its 200-day simple moving average is $21.75. The stock has a market capitalization of $1.25 billion, a price-to-earnings ratio of 13.66 and a beta of 0.98.

Capital Southwest (NASDAQ:CSWC) last announced its quarterly earnings results on Wednesday, August 6th. The asset manager reported $0.59 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.59. Capital Southwest had a net margin of 39.95% and a return on equity of 14.17%. The firm had revenue of $55.95 million during the quarter, compared to analysts’ expectations of $54.36 million. During the same period in the prior year, the company posted $0.69 EPS. On average, analysts expect that Capital Southwest Corporation will post 2.54 EPS for the current year.

Capital Southwest Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th will be given a $0.1934 dividend. This represents a c) annualized dividend and a yield of 10.3%. The ex-dividend date is Monday, September 15th. Capital Southwest’s dividend payout ratio is 140.61%.

Hedge Funds Weigh In On Capital Southwest

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Kingstone Capital Partners Texas LLC acquired a new position in Capital Southwest in the 2nd quarter valued at approximately $311,170,000. Sanders Morris Harris LLC increased its position in shares of Capital Southwest by 75.9% during the first quarter. Sanders Morris Harris LLC now owns 1,433,064 shares of the asset manager’s stock worth $31,986,000 after buying an additional 618,480 shares during the period. Balyasny Asset Management L.P. bought a new position in Capital Southwest during the fourth quarter worth $21,846,000. Two Sigma Advisers LP lifted its holdings in Capital Southwest by 17.3% in the fourth quarter. Two Sigma Advisers LP now owns 774,600 shares of the asset manager’s stock valued at $16,902,000 after buying an additional 114,000 shares during the period. Finally, Sound Income Strategies LLC boosted its position in Capital Southwest by 14.0% during the second quarter. Sound Income Strategies LLC now owns 702,201 shares of the asset manager’s stock valued at $15,477,000 after acquiring an additional 86,185 shares during the last quarter. 23.42% of the stock is currently owned by institutional investors and hedge funds.

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.