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 research report released on Thursday morning.

Capital Southwest Stock Down 9.1 %

Shares of CSWC stock opened at $19.78 on Thursday. The company has a current ratio of 0.18, a quick ratio of 0.18 and a debt-to-equity ratio of 0.64. Capital Southwest has a twelve month low of $19.62 and a twelve month high of $27.23. The stock has a 50 day moving average of $22.62 and a 200 day moving average of $23.14. The stock has a market cap of $1.00 billion, a P/E ratio of 14.03 and a beta of 1.21.

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

Capital Southwest Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were paid a $0.58 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a $2.32 annualized dividend and a dividend yield of 11.73%. Capital Southwest’s dividend payout ratio is presently 164.54%.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in CSWC. Van ECK Associates Corp increased its holdings in Capital Southwest by 3.3% in the 4th quarter. Van ECK Associates Corp now owns 1,190,204 shares of the asset manager’s stock worth $25,970,000 after acquiring an additional 38,051 shares in the last quarter. Balyasny Asset Management L.P. acquired a new stake in shares of Capital Southwest in the fourth quarter valued at about $21,846,000. Sanders Morris Harris LLC increased its stake in shares of Capital Southwest by 28.0% during the fourth quarter. Sanders Morris Harris LLC now owns 814,584 shares of the asset manager’s stock worth $17,579,000 after purchasing an additional 178,420 shares in the last quarter. Two Sigma Advisers LP raised its position in shares of Capital Southwest by 17.3% during the 4th quarter. Two Sigma Advisers LP now owns 774,600 shares of the asset manager’s stock worth $16,902,000 after purchasing an additional 114,000 shares during the last quarter. Finally, Two Sigma Investments LP lifted its stake in Capital Southwest by 42.2% in the 4th quarter. Two Sigma Investments LP now owns 673,778 shares of the asset manager’s stock valued at $14,702,000 after buying an additional 200,060 shares in the last quarter. 23.42% of the stock is owned by institutional investors and hedge funds.

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, industry consolidation, recapitalizations and growth capital investments.