Capital Southwest (NASDAQ:CSWC) Sets New 52-Week High at $26.79

Capital Southwest Co. (NASDAQ:CSWC)’s stock price reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $26.79 and last traded at $26.63, with a volume of 27720 shares. The stock had previously closed at $26.53.

Analyst Ratings Changes

CSWC has been the topic of several analyst reports. Raymond James upped their price objective on Capital Southwest from $24.00 to $26.50 and gave the company an “outperform” rating in a research note on Wednesday, January 31st. JMP Securities reaffirmed a “market outperform” rating and issued a $26.00 target price on shares of Capital Southwest in a report on Tuesday, March 26th. Finally, B. Riley upped their target price on Capital Southwest from $23.50 to $24.00 and gave the stock a “neutral” rating in a report on Wednesday, January 31st. Two analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, Capital Southwest currently has an average rating of “Moderate Buy” and an average target price of $25.50.

Capital Southwest Stock Up 1.3 %

The firm has a 50 day simple moving average of $24.88 and a two-hundred day simple moving average of $23.90. The company has a quick ratio of 0.14, a current ratio of 0.14 and a debt-to-equity ratio of 0.45. The stock has a market capitalization of $1.15 billion, a P/E ratio of 11.43 and a beta of 1.19.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of CSWC. Melia Wealth LLC bought a new position in Capital Southwest in the fourth quarter valued at about $16,171,000. Sanders Morris Harris LLC acquired a new position in shares of Capital Southwest in the 1st quarter worth approximately $16,079,000. Beacon Pointe Advisors LLC increased its position in shares of Capital Southwest by 855.5% during the fourth quarter. Beacon Pointe Advisors LLC now owns 405,411 shares of the asset manager’s stock worth $9,608,000 after buying an additional 362,981 shares during the period. Van ECK Associates Corp raised its position in shares of Capital Southwest by 15.8% in the 1st quarter. Van ECK Associates Corp now owns 847,225 shares of the asset manager’s stock worth $21,147,000 after acquiring an additional 115,727 shares in the last quarter. Finally, Confluence Investment Management LLC bought a new stake in Capital Southwest in the first quarter worth approximately $2,391,000. 23.42% of the stock is currently owned by institutional investors.

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.