Capital Southwest (NASDAQ:CSWC) had its price objective increased by research analysts at JMP Securities from $22.50 to $23.00 in a report issued on Friday. The firm currently has a “market outperform” rating on the asset manager’s stock. JMP Securities’ price target points to a potential upside of 7.63% from the stock’s current price.
Several other research firms have also commented on CSWC. Zacks Investment Research lowered shares of Capital Southwest from a “buy” rating to a “hold” rating in a report on Monday, February 11th. BidaskClub downgraded shares of Capital Southwest from a “strong-buy” rating to a “buy” rating in a report on Thursday, December 20th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $23.50.
Shares of CSWC traded down $0.11 during trading hours on Friday, reaching $21.37. The company had a trading volume of 1,171 shares, compared to its average volume of 88,098. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.38. The company has a market capitalization of $368.44 million, a PE ratio of 21.16 and a beta of 0.26. Capital Southwest has a 12-month low of $16.53 and a 12-month high of $24.17.
Capital Southwest (NASDAQ:CSWC) last posted its earnings results on Monday, February 4th. The asset manager reported $0.39 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.37 by $0.02. Capital Southwest had a net margin of 84.08% and a return on equity of 6.78%. The firm had revenue of $13.87 million during the quarter, compared to the consensus estimate of $13.52 million. On average, research analysts anticipate that Capital Southwest will post 1.43 EPS for the current year.
In other news, Director Jack D. Furst purchased 2,900 shares of Capital Southwest stock in a transaction dated Monday, December 24th. The stock was bought at an average price of $18.16 per share, with a total value of $52,664.00. Following the completion of the acquisition, the director now owns 20,000 shares in the company, valued at approximately $363,200. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Jack D. Furst purchased 6,404 shares of Capital Southwest stock in a transaction dated Wednesday, December 26th. The shares were purchased at an average cost of $18.50 per share, with a total value of $118,474.00. Following the acquisition, the director now owns 20,000 shares of the company’s stock, valued at approximately $370,000. The disclosure for this purchase can be found here. Insiders own 6.68% of the company’s stock.
Several institutional investors and hedge funds have recently made changes to their positions in the company. Princeton Global Asset Management LLC bought a new stake in Capital Southwest in the fourth quarter worth about $46,000. Macquarie Group Ltd. grew its stake in shares of Capital Southwest by 706.0% in the 4th quarter. Macquarie Group Ltd. now owns 2,418 shares of the asset manager’s stock valued at $46,000 after buying an additional 2,118 shares in the last quarter. Eagle Global Advisors LLC bought a new stake in shares of Capital Southwest in the 4th quarter valued at approximately $253,000. Millennium Management LLC grew its stake in shares of Capital Southwest by 28.7% in the 4th quarter. Millennium Management LLC now owns 13,209 shares of the asset manager’s stock valued at $254,000 after buying an additional 2,945 shares in the last quarter. Finally, Weather Gauge Advisory LLC bought a new stake in shares of Capital Southwest in the 4th quarter valued at approximately $323,000. 53.80% of the stock is owned by institutional investors.
About Capital Southwest
Capital Southwest Corporation is a business development company specializing in credit and private equity and venture capital investments in middle market companies, mezzanine, later stage, mature, late venture, emerging growth, buyouts, recapitalizations and growth capital investments. It does not invest in startups, publicly traded companies, real estate developments, project finance opportunities, oil and gas exploration businesses, troubled companies, turnarounds, and companies in which significant senior management is departing.
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