Capital Southwest (NASDAQ:CSWC) Share Price Passes Above 200 Day Moving Average – Time to Sell?
by Scott Moore · The Cerbat GemCapital Southwest Corporation (NASDAQ:CSWC – Get Free Report) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $22.45 and traded as high as $23.33. Capital Southwest shares last traded at $22.77, with a volume of 653,875 shares trading hands.
Analyst Ratings Changes
CSWC has been the topic of a number of analyst reports. Weiss Ratings raised Capital Southwest from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, January 28th. B. Riley Financial boosted their target price on Capital Southwest from $24.00 to $24.50 and gave the stock a “buy” rating in a report on Friday, May 15th. Six analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $23.50.
View Our Latest Stock Analysis on Capital Southwest
Capital Southwest Trading Down 1.3%
The company has a market cap of $1.41 billion, a PE ratio of 11.98 and a beta of 0.71. The stock’s 50 day moving average is $22.94 and its 200-day moving average is $22.45. The company has a quick ratio of 0.15, a current ratio of 0.11 and a debt-to-equity ratio of 0.56.
Capital Southwest Dividend Announcement
The company also recently declared a monthly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be issued a $0.1934 dividend. The ex-dividend date is Monday, June 15th. This represents a c) dividend on an annualized basis and a dividend yield of 10.2%. Capital Southwest’s payout ratio is presently 122.11%.
Institutional Investors Weigh In On Capital Southwest
Several hedge funds have recently modified their holdings of CSWC. Triumph Capital Management purchased a new position in Capital Southwest during the 3rd quarter worth approximately $28,000. Tower Research Capital LLC TRC raised its position in Capital Southwest by 13,307.1% during the second quarter. Tower Research Capital LLC TRC now owns 1,877 shares of the asset manager’s stock worth $41,000 after acquiring an additional 1,863 shares during the period. State of Alaska Department of Revenue purchased a new position in Capital Southwest during the third quarter valued at $48,000. Osbon Capital Management LLC acquired a new stake in shares of Capital Southwest in the fourth quarter valued at about $55,000. Finally, CENTRAL TRUST Co acquired a new position in shares of Capital Southwest during the 1st quarter worth about $60,000. Hedge funds and other institutional investors own 23.42% of the company’s stock.
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.