Capital Southwest Co. (NASDAQ:CSWC - Get Free Report) shares saw an uptick in trading volume on Tuesday . 355,240 shares were traded during trading, an increase of 17% from the previous session's volume of 302,880 shares.The stock last traded at $22.29 and had previously closed at $22.33.
Analysts Set New Price Targets
Separately, B. Riley lifted their price objective on Capital Southwest from $24.00 to $24.50 and gave the company a "neutral" rating in a research note on Wednesday, October 30th.
View Our Latest Stock Analysis on Capital Southwest
Capital Southwest Stock Performance
The stock's fifty day simple moving average is $25.10 and its 200-day simple moving average is $25.50. The company has a market capitalization of $1.07 billion, a price-to-earnings ratio of 13.71 and a beta of 1.25. The company has a current ratio of 0.16, a quick ratio of 0.16 and a debt-to-equity ratio of 0.35.
Capital Southwest (NASDAQ:CSWC - Get Free Report) last released its earnings results on Monday, October 28th. The asset manager reported $0.66 EPS for the quarter, topping the consensus estimate of $0.65 by $0.01. The firm had revenue of $48.71 million during the quarter, compared to analysts' expectations of $49.79 million. Capital Southwest had a return on equity of 15.54% and a net margin of 37.77%. During the same period in the previous year, the firm posted $0.69 EPS. Analysts predict that Capital Southwest Co. will post 2.54 EPS for the current year.
Capital Southwest Cuts Dividend
The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be issued a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a yield of 11.20%. The ex-dividend date is Friday, December 13th. Capital Southwest's dividend payout ratio (DPR) is presently 141.46%.
Institutional Investors Weigh In On Capital Southwest
Several hedge funds and other institutional investors have recently made changes to their positions in CSWC. Sumitomo Mitsui Trust Holdings Inc. raised its holdings in Capital Southwest by 31.9% during the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 94,701 shares of the asset manager's stock worth $2,364,000 after purchasing an additional 22,915 shares in the last quarter. Larson Financial Group LLC lifted its holdings in shares of Capital Southwest by 101.7% in the 1st quarter. Larson Financial Group LLC now owns 2,017 shares of the asset manager's stock valued at $50,000 after purchasing an additional 1,017 shares during the last quarter. SG Americas Securities LLC purchased a new position in Capital Southwest during the 1st quarter worth approximately $351,000. Tectonic Advisors LLC lifted its stake in Capital Southwest by 6.1% in the first quarter. Tectonic Advisors LLC now owns 256,698 shares of the asset manager's stock valued at $6,407,000 after buying an additional 14,763 shares during the last quarter. Finally, Concurrent Investment Advisors LLC acquired a new stake in shares of Capital Southwest in the first quarter valued at approximately $218,000. Institutional investors and hedge funds own 23.42% of the company's stock.
About Capital Southwest
(
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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.
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