Ladenburg Thalmann Financial Services Begins Coverage on Capital Southwest (CSWC)

Ladenburg Thalmann Financial Services initiated coverage on shares of Capital Southwest (NASDAQ:CSWC) in a research note released on Thursday morning, MarketBeat.com reports. The brokerage issued a buy rating and a $19.00 price objective on the asset manager’s stock.

CSWC has been the topic of several other reports. National Securities restated a buy rating and issued a $22.00 price objective on shares of Capital Southwest in a report on Friday, August 11th. Zacks Investment Research lowered shares of Capital Southwest from a hold rating to a sell rating in a report on Wednesday, August 30th. BidaskClub upgraded shares of Capital Southwest from a hold rating to a buy rating in a report on Tuesday, August 22nd. Finally, Robert W. Baird assumed coverage on shares of Capital Southwest in a report on Wednesday, August 30th. They issued an outperform rating and a $19.00 price objective on the stock. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Capital Southwest has an average rating of Buy and a consensus price target of $20.00.

Shares of Capital Southwest (NASDAQ:CSWC) opened at $17.01 on Thursday. Capital Southwest has a one year low of $14.80 and a one year high of $17.76. The company has a quick ratio of 10.42, a current ratio of 10.41 and a debt-to-equity ratio of 0.19. The firm has a market cap of $272.49, a P/E ratio of 18.90 and a beta of -0.55.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 2nd. Stockholders of record on Friday, December 15th will be issued a $0.26 dividend. This is a positive change from Capital Southwest’s previous quarterly dividend of $0.24. This represents a $1.04 annualized dividend and a dividend yield of 6.11%. The ex-dividend date of this dividend is Thursday, December 14th. Capital Southwest’s dividend payout ratio is currently 55.49%.

In related news, VP Douglas M. Kelley acquired 1,500 shares of the firm’s stock in a transaction dated Monday, November 13th. The shares were purchased at an average cost of $17.00 per share, for a total transaction of $25,500.00. Following the acquisition, the vice president now owns 66,135 shares in the company, valued at approximately $1,124,295. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 5.90% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the business. Advisors Asset Management Inc. acquired a new stake in Capital Southwest during the 2nd quarter worth approximately $179,000. JPMorgan Chase & Co. lifted its holdings in Capital Southwest by 8.3% during the 2nd quarter. JPMorgan Chase & Co. now owns 15,722 shares of the asset manager’s stock worth $253,000 after buying an additional 1,207 shares in the last quarter. Bard Associates Inc. acquired a new stake in Capital Southwest during the 2nd quarter worth approximately $263,000. Wedbush Securities Inc. lifted its holdings in Capital Southwest by 27.5% during the 2nd quarter. Wedbush Securities Inc. now owns 21,804 shares of the asset manager’s stock worth $351,000 after buying an additional 4,700 shares in the last quarter. Finally, Prudential Financial Inc. lifted its holdings in Capital Southwest by 10.8% during the 2nd quarter. Prudential Financial Inc. now owns 22,500 shares of the asset manager’s stock worth $362,000 after buying an additional 2,200 shares in the last quarter. Institutional investors own 60.03% of the company’s stock.

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About Capital Southwest

Capital Southwest Corporation is an investment company that specializes in providing customized financing to middle market companies in a range of industry segments located primarily in the United States. The Company is a specialty lending company. Its principal investment objective is to produce risk-adjusted returns by generating current income from debt investments and capital appreciation from its equity and equity related investments.

Analyst Recommendations for Capital Southwest (NASDAQ:CSWC)

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