Capital Southwest (NASDAQ:CSWC) Hits New 52-Week High – Should You Buy?

Capital Southwest Corporation (NASDAQ:CSWC)’s stock price hit a new 52-week high on Wednesday . The stock traded as high as $25.24 and last traded at $25.1980, with a volume of 23367 shares changing hands. The stock had previously closed at $25.05.

Analyst Ratings Changes

Several brokerages recently commented on CSWC. Weiss Ratings reissued a “buy (b-)” rating on shares of Capital Southwest in a research report on Thursday, June 18th. Citizens Jmp increased their price target on shares of Capital Southwest from $25.00 to $26.00 and gave the company a “market outperform” rating in a report on Wednesday, August 5th. B. Riley Financial boosted their price objective on shares of Capital Southwest from $24.50 to $25.50 and gave the stock a “buy” rating in a report on Wednesday, August 5th. Finally, Citigroup reiterated a “market outperform” rating on shares of Capital Southwest in a research note on Wednesday, August 5th. Six analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, Capital Southwest currently has an average rating of “Moderate Buy” and an average target price of $23.60.

Capital Southwest Price Performance

The firm has a 50 day moving average price of $23.70 and a 200 day moving average price of $23.20. The company has a current ratio of 0.17, a quick ratio of 0.17 and a debt-to-equity ratio of 0.62. The stock has a market capitalization of $1.60 billion, a PE ratio of 13.85 and a beta of 0.69.

Capital Southwest Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be given a dividend of $0.1934 per share. The ex-dividend date is Tuesday, September 15th. This represents a c) dividend on an annualized basis and a dividend yield of 9.3%. Capital Southwest’s dividend payout ratio is currently 128.18%.

Institutional Trading of Capital Southwest

Institutional investors and hedge funds have recently bought and sold shares of the stock. Triumph Capital Management purchased a new stake in Capital Southwest in the 3rd quarter worth $28,000. Allied Private Wealth LLC bought a new stake in shares of Capital Southwest in the second quarter worth about $37,000. Tower Research Capital LLC TRC lifted its position in shares of Capital Southwest by 13,307.1% in the second quarter. Tower Research Capital LLC TRC now owns 1,877 shares of the asset manager’s stock worth $41,000 after buying an additional 1,863 shares in the last quarter. Osbon Capital Management LLC purchased a new stake in shares of Capital Southwest in the fourth quarter worth about $55,000. Finally, CENTRAL TRUST Co bought a new position in Capital Southwest during the first quarter valued at approximately $60,000. 23.42% of the stock is currently owned by institutional investors.

Capital Southwest Company Profile

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.