Capital Southwest (NASDAQ:CSWC) Shares Gap Down - What's Next?

Shares of Capital Southwest Co. (NASDAQ:CSWC - Get Free Report) gapped down before the market opened on Monday . The stock had previously closed at $23.98, but opened at $22.96. Capital Southwest shares last traded at $22.64, with a volume of 308,416 shares.

Analyst Ratings Changes

Separately, B. Riley boosted their target price on Capital Southwest from $24.00 to $24.50 and gave the company a "neutral" rating in a report on Wednesday, October 30th.

Capital Southwest Price Performance

The company's 50-day simple moving average is $25.19 and its 200-day simple moving average is $25.53. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.12 and a current ratio of 0.16. The company has a market capitalization of $1.06 billion, a PE ratio of 13.68 and a beta of 1.25.

Capital Southwest (NASDAQ:CSWC - Get Free Report) last posted 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 firm had revenue of $48.71 million during the quarter, compared to the consensus estimate 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 prior year, the business earned $0.69 EPS. As a group, sell-side analysts anticipate that Capital Southwest Co. will post 2.54 earnings per share for the current year.

Capital Southwest Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be given a dividend of $0.63 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a $2.52 dividend on an annualized basis and a yield of 11.29%. Capital Southwest's payout ratio is currently 141.46%.

Institutional Trading of Capital Southwest

Several hedge funds and other institutional investors have recently made changes to their positions in the company. EntryPoint Capital LLC purchased a new position in Capital Southwest in the first quarter worth $28,000. Larson Financial Group LLC increased 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 in the last quarter. EverSource Wealth Advisors LLC acquired a new stake in shares of Capital Southwest in the second quarter valued at about $58,000. Northwestern Mutual Wealth Management Co. purchased a new stake in Capital Southwest during the second quarter worth about $104,000. Finally, Nisa Investment Advisors LLC acquired a new position in Capital Southwest during the third quarter worth about $106,000. Hedge funds and other 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.