Analysts Set Capital Southwest Corporation (NASDAQ:CSWC) Price Target at $23.20

Capital Southwest Corporation (NASDAQ:CSWC) has been given an average recommendation of “Moderate Buy” by the seven brokerages that are covering the firm, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $23.20.

Several analysts have commented on the company. Weiss Ratings reiterated a “buy (b-)” rating on shares of Capital Southwest in a research note on Thursday, June 18th. B. Riley Financial boosted their price target on Capital Southwest from $24.00 to $24.50 and gave the stock a “buy” rating in a research note on Friday, May 15th.

Hedge Funds Weigh In On Capital Southwest

Hedge funds have recently bought and sold shares of the business. Allied Private Wealth LLC bought a new position in Capital Southwest during the 2nd quarter valued at about $37,000. Militia Capital Management LLC bought a new stake in shares of Capital Southwest in the first quarter worth approximately $774,000. Cozad Asset Management Inc. grew its stake in shares of Capital Southwest by 14.3% in the first quarter. Cozad Asset Management Inc. now owns 59,867 shares of the asset manager’s stock worth $1,324,000 after acquiring an additional 7,487 shares during the period. Sunbelt Securities Inc. raised its holdings in shares of Capital Southwest by 4.3% during the first quarter. Sunbelt Securities Inc. now owns 37,030 shares of the asset manager’s stock valued at $819,000 after purchasing an additional 1,530 shares during the last quarter. Finally, Empowered Funds LLC purchased a new position in shares of Capital Southwest during the first quarter valued at approximately $13,694,000. Hedge funds and other institutional investors own 23.42% of the company’s stock.

Capital Southwest Price Performance

Shares of CSWC opened at $23.59 on Wednesday. Capital Southwest has a twelve month low of $19.37 and a twelve month high of $24.43. The company has a market capitalization of $1.47 billion, a P/E ratio of 12.42 and a beta of 0.70. The firm has a 50 day moving average of $23.49 and a 200 day moving average of $23.14. The company has a quick ratio of 0.11, a current ratio of 0.11 and a debt-to-equity ratio of 0.56.

Capital Southwest Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be given a dividend of $0.1934 per share. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a c) annualized dividend and a dividend yield of 9.8%. Capital Southwest’s dividend payout ratio (DPR) is 122.11%.

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.