Capital Southwest (NASDAQ:CSWC) Stock Price Expected to Rise, B. Riley Analyst Says

Capital Southwest (NASDAQ:CSWC - Free Report) had its price target lifted by B. Riley from $24.00 to $24.50 in a report published on Wednesday, Benzinga reports. B. Riley currently has a neutral rating on the asset manager's stock.

Capital Southwest Price Performance

Shares of NASDAQ:CSWC traded down $0.08 during midday trading on Wednesday, hitting $24.40. The stock had a trading volume of 214,240 shares, compared to its average volume of 295,295. The company's 50-day moving average price is $25.21 and its 200-day moving average price is $25.54. Capital Southwest has a fifty-two week low of $21.15 and a fifty-two week high of $27.23. The company has a quick ratio of 0.12, a current ratio of 0.12 and a debt-to-equity ratio of 0.29. The company has a market capitalization of $1.12 billion, a P/E ratio of 11.85 and a beta of 1.24.

Capital Southwest (NASDAQ:CSWC - Get Free Report) last announced its quarterly earnings data on Monday, October 28th. The asset manager reported $0.66 EPS for the quarter, beating the consensus estimate of $0.65 by $0.01. The business had revenue of $48.71 million during the quarter, compared to the consensus estimate of $49.79 million. Capital Southwest had a net margin of 38.92% and a return on equity of 15.70%. During the same period in the previous year, the business earned $0.69 earnings per share. As a group, equities research analysts predict that Capital Southwest will post 2.47 EPS for the current fiscal year.

Capital Southwest Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be given a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a yield of 10.33%. The ex-dividend date of this dividend is Friday, December 13th. Capital Southwest's dividend payout ratio is presently 113.17%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Van ECK Associates Corp increased its position in Capital Southwest by 8.8% during the 3rd quarter. Van ECK Associates Corp now owns 1,152,153 shares of the asset manager's stock worth $29,483,000 after purchasing an additional 92,936 shares in the last quarter. Sound Income Strategies LLC increased its holdings in shares of Capital Southwest by 1.2% during the third quarter. Sound Income Strategies LLC now owns 562,079 shares of the asset manager's stock worth $14,215,000 after buying an additional 6,692 shares in the last quarter. Harbor Capital Advisors Inc. increased its holdings in shares of Capital Southwest by 146.7% during the third quarter. Harbor Capital Advisors Inc. now owns 387,647 shares of the asset manager's stock worth $9,804,000 after buying an additional 230,513 shares in the last quarter. Tectonic Advisors LLC lifted its stake in shares of Capital Southwest by 17.3% in the 3rd quarter. Tectonic Advisors LLC now owns 328,834 shares of the asset manager's stock valued at $8,316,000 after acquiring an additional 48,442 shares during the last quarter. Finally, Advisors Asset Management Inc. boosted its holdings in shares of Capital Southwest by 4.8% during the 1st quarter. Advisors Asset Management Inc. now owns 171,087 shares of the asset manager's stock valued at $4,270,000 after acquiring an additional 7,855 shares in the last quarter. Institutional investors own 23.42% of the company's stock.

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.