Capital Southwest (NASDAQ:CSWC) Hits New 12-Month High – Here’s What Happened

Capital Southwest Corporation (NASDAQ:CSWC) reached a new 52-week high during trading on Wednesday . The company traded as high as $25.24 and last traded at $25.1980, with a volume of 23367 shares. The stock had previously closed at $25.05.

Analysts Set New Price Targets

Several equities analysts recently weighed in on CSWC shares. Citigroup restated a “market outperform” rating on shares of Capital Southwest in a research report on Wednesday, August 5th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Capital Southwest in a research note on Thursday, June 18th. B. Riley Financial raised their price target on shares of Capital Southwest from $24.50 to $25.50 and gave the stock a “buy” rating in a research note on Wednesday, August 5th. Finally, Citizens Jmp lifted their price target on shares of Capital Southwest from $25.00 to $26.00 and gave the stock a “market outperform” rating in a report on Wednesday, August 5th. Six analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $23.60.

Capital Southwest Stock Down 0.1%

The stock’s 50 day moving average is $23.70 and its 200 day moving average is $23.20. The company has a market capitalization of $1.60 billion, a PE ratio of 13.85 and a beta of 0.69. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.17 and a current ratio of 0.17.

Capital Southwest Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be given a $0.1934 dividend. The ex-dividend date is Tuesday, September 15th. This represents a c) annualized dividend and a dividend yield of 9.3%. Capital Southwest’s payout ratio is 128.18%.

Institutional Trading of Capital Southwest

Several institutional investors have recently added to or reduced their stakes in CSWC. Sound Income Strategies LLC grew its position in shares of Capital Southwest by 2.0% in the 1st quarter. Sound Income Strategies LLC now owns 903,329 shares of the asset manager’s stock worth $19,810,000 after buying an additional 17,362 shares during the period. UBS Group AG grew its holdings in Capital Southwest by 5.0% in the fourth quarter. UBS Group AG now owns 817,148 shares of the asset manager’s stock worth $18,100,000 after purchasing an additional 38,987 shares during the period. Empowered Funds LLC purchased a new position in shares of Capital Southwest during the first quarter valued at approximately $13,694,000. Empirical Finance LLC bought a new stake in shares of Capital Southwest in the 1st quarter worth approximately $13,689,000. Finally, Melia Wealth LLC grew its stake in shares of Capital Southwest by 2.6% in the 4th quarter. Melia Wealth LLC now owns 502,988 shares of the asset manager’s stock worth $11,141,000 after buying an additional 12,537 shares during the last quarter. 23.42% of the stock is currently owned by hedge funds and other institutional investors.

About Capital Southwest

Capital Southwest (NASDAQ: CSWC) is a publicly traded investment firm structured as a business development company (BDC) that provides customized financing solutions to middle-market companies across the United States. The firm offers a spectrum of debt and equity capital, including senior secured loans, mezzanine debt, and both preferred and common equity investments. By partnering with corporate management teams, Capital Southwest seeks to support growth initiatives, recapitalizations, acquisitions, and ownership transitions.

Founded in 1961 and headquartered in Dallas, Texas, Capital Southwest has cultivated a track record of long-term partnerships with privately held businesses and select public companies.