B. Riley Issues Positive Forecast for Capital Southwest (NASDAQ:CSWC) Stock Price

Capital Southwest (NASDAQ:CSWC) had its price target boosted by B. Riley from $24.00 to $24.50 in a research note released on Wednesday morning, Benzinga reports. B. Riley currently has a neutral rating on the asset manager’s stock.

Capital Southwest Trading Down 0.3 %

Shares of NASDAQ:CSWC opened at $24.40 on Wednesday. The company has a market cap of $1.12 billion, a PE ratio of 11.85 and a beta of 1.24. 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.

Capital Southwest (NASDAQ:CSWC) last issued its quarterly earnings data on Monday, October 28th. The asset manager reported $0.66 earnings per share for the quarter, beating the consensus estimate of $0.65 by $0.01. The firm had revenue of $48.71 million for 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 last year, the firm posted $0.69 EPS. Sell-side analysts anticipate that Capital Southwest will post 2.47 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. Investors of record on Friday, December 13th will be given a $0.63 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $2.52 annualized dividend and a yield of 10.33%. Capital Southwest’s dividend payout ratio is presently 113.17%.

Institutional Trading of Capital Southwest

A number of hedge funds and other institutional investors have recently made changes to their positions in CSWC. Harbor Capital Advisors Inc. raised its position in shares of Capital Southwest by 146.7% during the 3rd 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. Van ECK Associates Corp raised its position in shares of Capital Southwest by 25.0% during the 2nd quarter. Van ECK Associates Corp now owns 1,059,217 shares of the asset manager’s stock worth $27,635,000 after buying an additional 211,992 shares in the last quarter. Marshall Wace LLP bought a new stake in shares of Capital Southwest during the 2nd quarter worth about $1,937,000. Legacy Capital Wealth Partners LLC bought a new stake in shares of Capital Southwest during the 2nd quarter worth about $1,775,000. Finally, Cozad Asset Management Inc. bought a new stake in shares of Capital Southwest during the 1st quarter worth about $1,557,000. 23.42% of the stock is currently owned by institutional investors.

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.