Capital Southwest (NASDAQ:CSWC) downgraded by Hovde Group to “Market Perform”
Capital Southwest (NASDAQ:CSWC – Get a rating) was downgraded by investment analysts Hovde Group from an “outperform” rating to a “market performance” rating in a research note released Wednesday, Fly reports.
A number of other brokerages have also weighed in on CSWC recently. TheStreet upgraded Capital Southwest shares from a “b-” rating to a “c” rating in a report on Friday, February 4. Zacks Investment Research cut shares of Capital Southwest from a “buy” rating to a “hold” rating in a Monday, Feb. 7 report. Four investment analysts gave the stock a hold rating and two gave the stock a buy rating. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $27.33.
CSWC shares opened at $23.71 on Wednesday. Capital Southwest has a 1-year low of $21.26 and a 1-year high of $28.41. The stock has a market capitalization of $567.29 million, a PE ratio of 15.40 and a beta of 1.18. The company has a 50-day simple moving average of $24.54 and a two-hundred-day simple moving average of $25.80. The company has a debt ratio of 0.56, a current ratio of 0.10 and a quick ratio of 0.10.
Capital Southwest (NASDAQ:CSWC – Get a rating) last announced its quarterly results on Monday, January 31. The asset manager reported earnings per share of $0.51 for the quarter, beating consensus analyst estimates of $0.47 by $0.04. Capital Southwest had a net margin of 42.58% and a return on equity of 10.50%. In the same quarter of the previous year, the company made earnings per share of $0.45. As a group, sell-side analysts expect Capital Southwest to post earnings per share of 1.86 for the current fiscal year.
Major investors have recently changed their stake in the company. TCI Wealth Advisors Inc. purchased a new equity stake in Capital Southwest during Q3 for approximately $50,000. Huntington National Bank increased its position in Capital Southwest shares by 200 100.0% during the 4th quarter. Huntington National Bank now owns 2,002 shares of the asset manager worth $51,000 after buying 2,001 more shares in the last quarter. Deutsche Bank AG increased its position in Capital Southwest shares by 160.3% during the third quarter. Deutsche Bank AG now owns 2,616 shares of the asset manager worth $66,000 after buying an additional 1,611 shares in the last quarter. Total Clarity Wealth Management Inc. purchased a new equity stake in Capital Southwest during Q3 for approximately $69,000. Finally, BNP Paribas Arbitrage SA acquired a new equity stake in Capital Southwest during the 4th quarter for a value of approximately $88,000. Institutional investors and hedge funds hold 23.94% of the company’s shares.
Company profile Capital Sud-Ouest (Get a rating)
Capital Southwest is a public business development company with total assets of $496 million as of June 30, 2010. We provide patient capital to exceptional companies with significant growth potential. As a public company, we have the ability to hold investments indefinitely, which has provided the management teams of our holdings with a stable ownership platform since our inception in 1961.
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