Favorable Media Coverage Somewhat Unlikely to Affect Capital Southwest Corporation (CSWC) Share Price
News coverage about Capital Southwest Corporation (NASDAQ:CSWC) has been trending positive on Thursday, according to Accern Sentiment Analysis. Accern rates the sentiment of news coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Capital Southwest Corporation earned a news sentiment score of 0.28 on Accern’s scale. Accern also assigned media headlines about the asset manager an impact score of 45.4318516299058 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Shares of Capital Southwest Corporation (NASDAQ CSWC) opened at 17.05 on Thursday. The stock has a 50 day moving average price of $16.92 and a 200 day moving average price of $16.44. The firm has a market capitalization of $272.90 million, a PE ratio of 10.35 and a beta of -0.51. Capital Southwest Corporation has a 1-year low of $13.81 and a 1-year high of $17.76.
The firm also recently announced a quarterly dividend, which was paid on Monday, October 2nd. Shareholders of record on Friday, September 15th were paid a dividend of $0.24 per share. The ex-dividend date of this dividend was Thursday, September 14th. This is a boost from Capital Southwest Corporation’s previous quarterly dividend of $0.21. This represents a $0.96 annualized dividend and a yield of 5.63%. Capital Southwest Corporation’s dividend payout ratio is presently 58.54%.
A number of research firms recently weighed in on CSWC. National Securities reaffirmed a “buy” rating and set a $22.00 price target on shares of Capital Southwest Corporation in a report on Friday, August 11th. Robert W. Baird began coverage on Capital Southwest Corporation in a report on Wednesday, August 30th. They set an “outperform” rating and a $19.00 price target for the company. Zacks Investment Research raised Capital Southwest Corporation from a “strong sell” rating to a “hold” rating in a report on Wednesday, October 11th. National Bank Financial reaffirmed a “buy” rating and set a $22.00 price target on shares of Capital Southwest Corporation in a report on Wednesday, June 28th. Finally, ValuEngine cut Capital Southwest Corporation from a “buy” rating to a “hold” rating in a report on Thursday, July 6th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $20.25.
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In other news, major shareholder Moab Capital Partners Llc sold 53,270 shares of the company’s stock in a transaction on Monday, August 28th. The shares were sold at an average price of $17.30, for a total transaction of $921,571.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have sold 54,270 shares of company stock valued at $937,861 over the last quarter. Company insiders own 5.90% 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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