Capital Southwest (NASDAQ:CSWC) Rating Increased to Hold at StockNews.com

StockNews.com upgraded shares of Capital Southwest (NASDAQ:CSWC) from a sell rating to a hold rating in a report issued on Wednesday.

Capital Southwest Stock Performance

Shares of CSWC opened at $22.50 on Wednesday. The company has a current ratio of 0.18, a quick ratio of 0.18 and a debt-to-equity ratio of 0.64. The company has a market capitalization of $1.14 billion, a price-to-earnings ratio of 15.96 and a beta of 1.24. The stock has a 50 day moving average of $22.60 and a 200 day moving average of $23.57. Capital Southwest has a 12 month low of $20.68 and a 12 month high of $27.23.

Capital Southwest (NASDAQ:CSWC) last released its earnings results on Monday, February 3rd. The asset manager reported $0.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.62 by $0.01. Capital Southwest had a return on equity of 15.18% and a net margin of 33.49%. As a group, sell-side analysts forecast that Capital Southwest will post 2.54 earnings per share for the current year.

Capital Southwest Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be given a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a yield of 10.31%. The ex-dividend date of this dividend is Friday, March 14th. Capital Southwest’s dividend payout ratio is currently 164.54%.

Hedge Funds Weigh In On Capital Southwest

Large investors have recently made changes to their positions in the stock. Promus Capital LLC bought a new position in shares of Capital Southwest in the fourth quarter worth $30,000. Quarry LP bought a new position in shares of Capital Southwest in the third quarter worth $35,000. Ameriflex Group Inc. bought a new position in shares of Capital Southwest in the fourth quarter worth $33,000. Nomura Asset Management Co. Ltd. boosted its holdings in shares of Capital Southwest by 243.2% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 2,217 shares of the asset manager’s stock worth $48,000 after acquiring an additional 1,571 shares during the period. Finally, Capital Analysts LLC boosted its stake in Capital Southwest by 35.6% during the fourth quarter. Capital Analysts LLC now owns 2,550 shares of the asset manager’s stock valued at $56,000 after buying an additional 669 shares during the period. 23.42% of the stock is owned by institutional investors.

Capital Southwest Company Profile

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, industry consolidation, recapitalizations and growth capital investments.