Capital Southwest (NASDAQ:CSWC) Stock Rating Upgraded by BidaskClub

BidaskClub upgraded shares of Capital Southwest (NASDAQ:CSWC) from a hold rating to a buy rating in a research note issued to investors on Wednesday, BidAskClub reports.

A number of other brokerages have also issued reports on CSWC. National Securities restated a buy rating and set a $24.00 price target on shares of Capital Southwest in a research note on Tuesday, June 4th. Zacks Investment Research lowered shares of Capital Southwest from a hold rating to a sell rating in a research note on Friday, June 7th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company’s stock. The company currently has a consensus rating of Hold and an average target price of $23.50.

NASDAQ:CSWC opened at $22.21 on Wednesday. Capital Southwest has a 52 week low of $17.22 and a 52 week high of $24.17. The firm has a 50 day moving average of $21.29 and a 200 day moving average of $21.54. The company has a quick ratio of 0.32, a current ratio of 0.32 and a debt-to-equity ratio of 0.46. The stock has a market capitalization of $392.34 million, a price-to-earnings ratio of 15.64 and a beta of 0.21.

Capital Southwest (NASDAQ:CSWC) last posted its earnings results on Monday, August 5th. The asset manager reported $0.42 EPS for the quarter, beating the Zacks’ consensus estimate of $0.41 by $0.01. Capital Southwest had a net margin of 53.87% and a return on equity of 8.27%. The company had revenue of $15.80 million during the quarter, compared to analysts’ expectations of $14.90 million. As a group, analysts expect that Capital Southwest will post 1.71 EPS for the current year.

Institutional investors have recently modified their holdings of the business. Macquarie Group Ltd. lifted its position in shares of Capital Southwest by 706.0% in the fourth quarter. Macquarie Group Ltd. now owns 2,418 shares of the asset manager’s stock valued at $46,000 after acquiring an additional 2,118 shares in the last quarter. Millennium Management LLC lifted its position in shares of Capital Southwest by 28.7% in the fourth quarter. Millennium Management LLC now owns 13,209 shares of the asset manager’s stock valued at $254,000 after acquiring an additional 2,945 shares in the last quarter. Confluence Investment Management LLC lifted its position in shares of Capital Southwest by 1.4% in the first quarter. Confluence Investment Management LLC now owns 115,506 shares of the asset manager’s stock valued at $2,430,000 after acquiring an additional 1,564 shares in the last quarter. Wedbush Securities Inc. lifted its position in shares of Capital Southwest by 8.7% in the first quarter. Wedbush Securities Inc. now owns 18,792 shares of the asset manager’s stock valued at $395,000 after acquiring an additional 1,500 shares in the last quarter. Finally, Sanders Morris Harris LLC lifted its position in shares of Capital Southwest by 11.2% in the first quarter. Sanders Morris Harris LLC now owns 912,237 shares of the asset manager’s stock valued at $19,193,000 after acquiring an additional 91,705 shares in the last quarter. Institutional investors and hedge funds own 51.14% of the company’s stock.

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.

Featured Story: What is a Stop Order?

Receive News & Ratings for Capital Southwest Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Capital Southwest and related companies with MarketBeat.com's FREE daily email newsletter.



Comments


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit