Capital Southwest Corporation (NASDAQ:CSWC) Lowered to Hold at ValuEngine
Capital Southwest Corporation (NASDAQ:CSWC) was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating in a report released on Thursday, July 6th.
CSWC has been the topic of several other research reports. National Securities assumed coverage on Capital Southwest Corporation in a research note on Tuesday, June 27th. They set a “buy” rating and a $22.00 price target on the stock. National Bank Financial reaffirmed a “buy” rating and issued a $22.00 target price on shares of Capital Southwest Corporation in a research note on Wednesday, June 28th. Finally, Janney Montgomery Scott assumed coverage on Capital Southwest Corporation in a research note on Friday, June 30th. They issued a “neutral” rating and a $18.00 target price on the stock. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. Capital Southwest Corporation has an average rating of “Buy” and an average target price of $20.67.
Capital Southwest Corporation (CSWC) traded down 0.49% during mid-day trading on Thursday, reaching $16.36. The company’s stock had a trading volume of 7,443 shares. Capital Southwest Corporation has a 12-month low of $13.81 and a 12-month high of $17.33. The company has a market cap of $261.94 million, a PE ratio of 11.05 and a beta of -0.49. The firm’s 50 day moving average is $16.25 and its 200-day moving average is $16.23.
Capital Southwest Corporation (NASDAQ:CSWC) last released its earnings results on Wednesday, May 31st. The asset manager reported $0.22 earnings per share (EPS) for the quarter. The company had revenue of $7.73 million for the quarter. Capital Southwest Corporation had a return on equity of 3.44% and a net margin of 100.01%. Equities analysts anticipate that Capital Southwest Corporation will post $1.11 earnings per share for the current fiscal year.
In related news, Director Thomas Duane Morgan purchased 3,100 shares of the stock in a transaction that occurred on Wednesday, June 7th. The stock was purchased at an average cost of $16.26 per share, for a total transaction of $50,406.00. Following the acquisition, the director now owns 4,395 shares in the company, valued at $71,462.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director John H. Wilson purchased 5,000 shares of the stock in a transaction that occurred on Wednesday, June 28th. The stock was bought at an average price of $16.30 per share, with a total value of $81,500.00. Following the completion of the acquisition, the director now owns 17,000 shares in the company, valued at approximately $277,100. The disclosure for this purchase can be found here. In the last three months, insiders have sold 6,500 shares of company stock worth $104,790. Corporate insiders own 5.90% of the company’s stock.
Several hedge funds have recently made changes to their positions in the stock. Advisors Asset Management Inc. bought a new position in shares of Capital Southwest Corporation during the second quarter valued at approximately $179,000. Steinberg Global Asset Management boosted its position in shares of Capital Southwest Corporation by 8.1% in the second quarter. Steinberg Global Asset Management now owns 16,020 shares of the asset manager’s stock valued at $258,000 after buying an additional 1,200 shares during the last quarter. Wedbush Securities Inc. boosted its position in shares of Capital Southwest Corporation by 27.5% in the second quarter. Wedbush Securities Inc. now owns 21,804 shares of the asset manager’s stock valued at $351,000 after buying an additional 4,700 shares during the last quarter. Finally, Russell Investments Group Ltd. boosted its position 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 valued at $1,846,000 after buying an additional 1,937 shares during the last quarter. Institutional investors own 62.77% of the company’s stock.
About Capital Southwest Corporation
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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