Capital Southwest Corporation (CSWC) Upgraded to “Hold” at Zacks Investment Research
Capital Southwest Corporation (NASDAQ:CSWC) was upgraded by Zacks Investment Research from a “strong sell” rating to a “hold” rating in a research note issued on Wednesday.
According to Zacks, “Capital Southwest Corporation is a venture capital investment company whose objective is to achieve capital appreciation through long-term investments in businesses believed to have favorable growth potential. The Company’s investments are focused on early-stage financings, expansion financings, management buyouts and recapitalizations in a broad range of industry segments. The portfolio is a composite of companies in which the Company has major interests as well as a number of developing companies and marketable securities of established publicly-owned companies. “
A number of other brokerages also recently weighed in on CSWC. Janney Montgomery Scott initiated coverage on shares of Capital Southwest Corporation in a research report on Friday, June 30th. They issued a “neutral” rating and a $18.00 price target on the stock. ValuEngine cut shares of Capital Southwest Corporation from a “buy” rating to a “hold” rating in a research note on Thursday, July 6th. Robert W. Baird began coverage on shares of Capital Southwest Corporation in a research note on Wednesday, August 30th. They set an “outperform” rating and a $19.00 price target for the company. BidaskClub raised shares of Capital Southwest Corporation from a “hold” rating to a “buy” rating in a research note on Tuesday, August 22nd. Finally, National Bank Financial reissued a “buy” rating and issued a $22.00 target price on shares of Capital Southwest Corporation in a research note on Wednesday, June 28th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $20.25.
Capital Southwest Corporation (NASDAQ:CSWC) traded up 1.38% during mid-day trading on Wednesday, hitting $17.63. 11,677 shares of the company were exchanged. The company has a 50 day moving average of $16.87 and a 200 day moving average of $16.40. Capital Southwest Corporation has a 12-month low of $13.81 and a 12-month high of $17.65. The stock has a market cap of $282.19 million, a P/E ratio of 10.70 and a beta of -0.51.
In other news, major shareholder Moab Capital Partners Llc sold 53,270 shares of the business’s stock in a transaction dated Monday, August 28th. The stock was sold at an average price of $17.30, for a total transaction of $921,571.00. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Over the last 90 days, insiders have sold 54,770 shares of company stock worth $945,931. Company insiders own 5.90% of the company’s stock.
A number of hedge funds have recently made changes to their positions in the stock. Punch & Associates Investment Management Inc. lifted its stake in 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 valued at $28,700,000 after buying an additional 79,522 shares during the period. Kennedy Capital Management Inc. raised its position in shares of Capital Southwest Corporation by 249.3% during the second quarter. Kennedy Capital Management Inc. now owns 44,035 shares of the asset manager’s stock worth $708,000 after purchasing an additional 31,428 shares during the period. Bard Associates Inc. acquired a new position in shares of Capital Southwest Corporation during the second quarter worth approximately $263,000. New York State Common Retirement Fund raised its position in shares of Capital Southwest Corporation by 12.3% during 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 purchasing an additional 11,299 shares during the period. Finally, Advisors Asset Management Inc. acquired a new position in shares of Capital Southwest Corporation during the second quarter worth approximately $179,000. Institutional investors and hedge funds own 62.07% of the company’s stock.
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.
Receive News & Stock Ratings for Capital Southwest Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Capital Southwest Corporation and related stocks with our FREE daily email newsletter.