Capital Southwest (NASDAQ:CSWC) Posts Earnings Results, Misses Estimates By $0.01 EPS

Capital Southwest (NASDAQ:CSWC) issued its quarterly earnings data on Monday. The asset manager reported $0.57 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.01), Zacks reports. The business had revenue of $56.95 million for the quarter, compared to analyst estimates of $55.37 million. Capital Southwest had a net margin of 39.95% and a return on equity of 14.17%. During the same quarter in the prior year, the business earned $0.66 earnings per share.

Capital Southwest Stock Down 2.3%

CSWC opened at $19.97 on Wednesday. Capital Southwest has a 12 month low of $17.46 and a 12 month high of $23.86. The company has a current ratio of 0.19, a quick ratio of 0.19 and a debt-to-equity ratio of 0.53. The company has a market cap of $1.11 billion, a PE ratio of 12.10 and a beta of 0.95. The company has a 50 day moving average of $21.67 and a 200 day moving average of $21.68.

Capital Southwest Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Monday, December 15th will be issued a $0.06 dividend. The ex-dividend date of this dividend is Monday, December 15th. This represents a $0.24 annualized dividend and a yield of 1.2%. Capital Southwest’s dividend payout ratio (DPR) is 140.61%.

Institutional Trading of Capital Southwest

Several institutional investors and hedge funds have recently bought and sold shares of CSWC. CANADA LIFE ASSURANCE Co increased its position in shares of Capital Southwest by 5.7% in the second quarter. CANADA LIFE ASSURANCE Co now owns 51,018 shares of the asset manager’s stock worth $1,127,000 after purchasing an additional 2,771 shares during the last quarter. Tower Research Capital LLC TRC raised its position in shares of Capital Southwest by 13,307.1% during the 2nd quarter. Tower Research Capital LLC TRC now owns 1,877 shares of the asset manager’s stock valued at $41,000 after buying an additional 1,863 shares in the last quarter. Prevail Innovative Wealth Advisors LLC purchased a new stake in shares of Capital Southwest during the 2nd quarter valued at $1,243,000. Zuckerman Investment Group LLC raised its position in shares of Capital Southwest by 7.8% during the 2nd quarter. Zuckerman Investment Group LLC now owns 460,375 shares of the asset manager’s stock valued at $10,147,000 after buying an additional 33,355 shares in the last quarter. Finally, Vident Advisory LLC raised its position in shares of Capital Southwest by 6.1% during the 2nd quarter. Vident Advisory LLC now owns 19,087 shares of the asset manager’s stock valued at $421,000 after buying an additional 1,090 shares in the last quarter. 23.42% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the stock. UBS Group reduced their target price on shares of Capital Southwest from $23.00 to $21.50 and set a “neutral” rating for the company in a research note on Tuesday, October 14th. Raymond James Financial downgraded shares of Capital Southwest from an “outperform” rating to a “market perform” rating in a research report on Tuesday, October 7th. B. Riley boosted their target price on shares of Capital Southwest from $23.50 to $24.00 and gave the company a “buy” rating in a research note on Friday, August 8th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Capital Southwest in a report on Wednesday, October 8th. Finally, Zacks Research downgraded shares of Capital Southwest from a “hold” rating to a “strong sell” rating in a report on Monday, October 13th. Five equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Capital Southwest has an average rating of “Moderate Buy” and an average target price of $23.75.

Capital Southwest Company Profile

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.