Capital Southwest Corporation (CSWC) Receives $20.25 Consensus Price Target from Brokerages

Capital Southwest Corporation (NASDAQ:CSWC) has earned a consensus rating of “Buy” from the eight ratings firms that are presently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and five have issued a buy recommendation on the company. The average 12-month target price among brokers that have covered the stock in the last year is $20.25.

A number of research analysts have weighed in on CSWC shares. National Bank Financial reaffirmed a “buy” rating and set a $22.00 price target on shares of Capital Southwest Corporation in a research report on Wednesday, June 28th. National Securities started coverage on shares of Capital Southwest Corporation in a research report on Tuesday, June 27th. They set a “buy” rating and a $22.00 price target on the stock. BidaskClub raised shares of Capital Southwest Corporation from a “hold” rating to a “buy” rating in a research report on Tuesday, August 22nd. ValuEngine cut shares of Capital Southwest Corporation from a “buy” rating to a “hold” rating in a research report on Thursday, July 6th. Finally, Janney Montgomery Scott started coverage on shares of Capital Southwest Corporation in a research report on Friday, June 30th. They set a “neutral” rating and a $18.00 price target on the stock.

In other news, major shareholder Moab Capital Partners Llc sold 53,270 shares of Capital Southwest Corporation stock in a transaction that occurred on Monday, August 28th. The shares were sold at an average price of $17.30, for a total transaction of $921,571.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director John H. Wilson acquired 5,000 shares of the company’s stock in a transaction dated Wednesday, June 28th. The shares were purchased at an average price of $16.30 per share, for a total transaction of $81,500.00. Following the purchase, the director now directly owns 17,000 shares of the company’s stock, valued at $277,100. The disclosure for this purchase can be found here. Insiders have sold 56,270 shares of company stock worth $970,211 in the last quarter. Insiders own 5.90% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of CSWC. Punch & Associates Investment Management Inc. increased its stake in shares of Capital Southwest Corporation by 4.7% in the second quarter. Punch & Associates Investment Management Inc. now owns 1,784,841 shares of the asset manager’s stock worth $28,700,000 after buying an additional 79,522 shares during the last quarter. Zuckerman Investment Group LLC increased its stake in shares of Capital Southwest Corporation by 0.6% in the second quarter. Zuckerman Investment Group LLC now owns 1,269,287 shares of the asset manager’s stock worth $20,410,000 after buying an additional 7,624 shares during the last quarter. Russell Investments Group Ltd. increased its stake in shares of Capital Southwest Corporation by 1.7% in the second quarter. Russell Investments Group Ltd. now owns 114,753 shares of the asset manager’s stock worth $1,846,000 after buying an additional 1,937 shares during the last quarter. New York State Common Retirement Fund increased its stake in shares of Capital Southwest Corporation by 12.3% in the second quarter. New York State Common Retirement Fund now owns 103,139 shares of the asset manager’s stock worth $1,658,000 after buying an additional 11,299 shares during the last quarter. Finally, Cove Street Capital LLC increased its stake in shares of Capital Southwest Corporation by 9.5% in the second quarter. Cove Street Capital LLC now owns 95,657 shares of the asset manager’s stock worth $1,538,000 after buying an additional 8,300 shares during the last quarter. Institutional investors own 62.07% of the company’s stock.

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Shares of Capital Southwest Corporation (CSWC) traded up 0.12% during midday trading on Friday, reaching $16.45. 11,492 shares of the company traded hands. Capital Southwest Corporation has a 12 month low of $13.81 and a 12 month high of $17.50. The company’s 50 day moving average is $16.62 and its 200-day moving average is $16.29. The stock has a market capitalization of $263.30 million, a price-to-earnings ratio of 9.98 and a beta of -0.49.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 2nd. Stockholders of record on Friday, September 15th will be paid a dividend of $0.24 per share. The ex-dividend date is Thursday, September 14th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 5.84%. This is a positive change from Capital Southwest Corporation’s previous quarterly dividend of $0.21. Capital Southwest Corporation’s dividend payout ratio (DPR) is currently 58.54%.

Capital Southwest Corporation Company Profile

Capital Southwest Corporation is an investment company that specializes in providing customized financing to middle market companies in a range of industry segments located primarily in the United States. The Company is a specialty lending company. Its principal investment objective is to produce risk-adjusted returns by generating current income from debt investments and capital appreciation from its equity and equity related investments.

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