The Zacks Investment Research Upgrades Capital Southwest Corporation (CSWC) to “Hold”

The Zacks Investment Research Upgrades Capital Southwest Corporation (CSWC) to “Hold”

Zacks Investment Research upgraded shares of Capital Southwest Corporation (NASDAQ:CSWC) from a strong sell rating to a hold rating in a report released on Wednesday morning.

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. “

CSWC has been the subject of several other reports. National Securities reiterated a buy rating and set a $22.00 target price on shares of Capital Southwest Corporation in a research report on Friday, August 11th. National Bank Financial reiterated a buy rating and set a $22.00 target price on shares of Capital Southwest Corporation in a research report on Wednesday, June 28th. BidaskClub upgraded Capital Southwest Corporation from a hold rating to a buy rating in a research report on Tuesday, August 22nd. Robert W. Baird began coverage on Capital Southwest Corporation in a research report on Wednesday, August 30th. They set an outperform rating and a $19.00 target price for the company. Finally, ValuEngine downgraded Capital Southwest Corporation from a buy rating to a hold rating in a research report on Thursday, July 6th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company currently has an average rating of Buy and an average target price of $20.25.

Capital Southwest Corporation (NASDAQ CSWC) opened at 17.57 on Wednesday. The stock has a market capitalization of $281.23 million, a P/E ratio of 10.66 and a beta of -0.51. The firm’s 50-day moving average is $16.92 and its 200-day moving average is $16.43. Capital Southwest Corporation has a 12 month low of $13.81 and a 12 month high of $17.76.

The firm also recently announced a quarterly dividend, which was paid on Monday, October 2nd. Stockholders of record on Friday, September 15th were given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 5.46%. This is an increase from Capital Southwest Corporation’s previous quarterly dividend of $0.21. The ex-dividend date of this dividend was Thursday, September 14th. Capital Southwest Corporation’s dividend payout ratio (DPR) is 58.54%.

In other news, major shareholder Moab Capital Partners Llc sold 53,270 shares of Capital Southwest Corporation stock in a transaction on 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 filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last quarter, insiders have sold 54,770 shares of company stock valued at $945,931. Corporate insiders own 5.90% of the company’s stock.

Several institutional investors have recently made changes to their positions in the company. Steinberg Global Asset Management increased its stake in shares of Capital Southwest Corporation by 8.1% during 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 period. JPMorgan Chase & Co. increased its stake in shares of Capital Southwest Corporation by 8.3% during the second quarter. JPMorgan Chase & Co. now owns 15,722 shares of the asset manager’s stock valued at $253,000 after buying an additional 1,207 shares during the period. Russell Investments Group Ltd. increased its stake in shares of Capital Southwest Corporation by 1.7% during 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 period. Prudential Financial Inc. increased its stake in shares of Capital Southwest Corporation by 10.8% during the second quarter. Prudential Financial Inc. now owns 22,500 shares of the asset manager’s stock valued at $362,000 after buying an additional 2,200 shares during the period. Finally, Wells Fargo & Company MN increased its stake in shares of Capital Southwest Corporation by 18.0% during the second quarter. Wells Fargo & Company MN now owns 24,216 shares of the asset manager’s stock valued at $389,000 after buying an additional 3,696 shares during the period. Hedge funds and other institutional investors 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.

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