Capital Southwest (NASDAQ:CSWC) Lowered to Sell Rating by StockNews.com

StockNews.com downgraded shares of Capital Southwest (NASDAQ:CSWC) from a hold rating to a sell rating in a research report sent to investors on Tuesday morning.

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

Capital Southwest Price Performance

Shares of NASDAQ:CSWC opened at $23.06 on Tuesday. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.18 and a quick ratio of 0.18. The firm has a market capitalization of $1.17 billion, a price-to-earnings ratio of 16.35 and a beta of 1.24. Capital Southwest has a 12 month low of $20.68 and a 12 month high of $27.23. The business’s 50 day simple moving average is $22.42 and its 200-day simple moving average is $23.61.

Capital Southwest (NASDAQ:CSWC) last released its earnings results on Monday, February 3rd. The asset manager reported $0.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.62 by $0.01. Capital Southwest had a net margin of 33.49% and a return on equity of 15.18%. As a group, equities analysts forecast that Capital Southwest will post 2.54 earnings per share for the current fiscal year.

Capital Southwest Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be issued a $0.58 dividend. This represents a $2.32 annualized dividend and a dividend yield of 10.06%. The ex-dividend date is Friday, March 14th. Capital Southwest’s dividend payout ratio (DPR) is presently 164.54%.

Hedge Funds Weigh In On Capital Southwest

Institutional investors have recently bought and sold shares of the stock. Creative Planning raised its holdings in Capital Southwest by 4.2% during the third quarter. Creative Planning now owns 11,161 shares of the asset manager’s stock valued at $282,000 after buying an additional 452 shares in the last quarter. Nisa Investment Advisors LLC bought a new stake in Capital Southwest in the 3rd quarter valued at $106,000. Autumn Glory Partners LLC raised its stake in Capital Southwest by 62.5% during the third quarter. Autumn Glory Partners LLC now owns 13,000 shares of the asset manager’s stock worth $329,000 after acquiring an additional 5,000 shares in the last quarter. Harbor Capital Advisors Inc. lifted its holdings in Capital Southwest by 146.7% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 387,647 shares of the asset manager’s stock valued at $9,804,000 after purchasing an additional 230,513 shares during the last quarter. Finally, Van ECK Associates Corp raised its stake in shares of Capital Southwest by 8.8% in the third quarter. Van ECK Associates Corp now owns 1,152,153 shares of the asset manager’s stock valued at $29,483,000 after acquiring an additional 92,936 shares during the last quarter. Hedge funds and other institutional investors own 23.42% of the company’s stock.

About Capital Southwest

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.