Equities analysts predict that Capital Southwest Co. (NASDAQ:CSWC) will announce earnings per share (EPS) of $0.43 for the current quarter, Zacks Investment Research reports. Three analysts have issued estimates for Capital Southwest’s earnings, with the lowest EPS estimate coming in at $0.42 and the highest estimate coming in at $0.44. Capital Southwest reported earnings per share of $0.40 in the same quarter last year, which would indicate a positive year over year growth rate of 7.5%. The business is expected to report its next earnings report on Monday, June 7th.
According to Zacks, analysts expect that Capital Southwest will report full-year earnings of $1.70 per share for the current year, with EPS estimates ranging from $1.69 to $1.71. For the next fiscal year, analysts anticipate that the company will report earnings of $1.82 per share, with EPS estimates ranging from $1.72 to $1.94. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research firms that that provide coverage for Capital Southwest.
Capital Southwest (NASDAQ:CSWC) last announced its quarterly earnings data on Tuesday, February 2nd. The asset manager reported $0.45 earnings per share for the quarter, beating analysts’ consensus estimates of $0.41 by $0.04. The firm had revenue of $19.04 million during the quarter, compared to analysts’ expectations of $16.62 million. Capital Southwest had a negative net margin of 10.38% and a positive return on equity of 10.17%.
Shares of CSWC stock traded down $0.01 during trading on Friday, reaching $23.36. The company’s stock had a trading volume of 1,694 shares, compared to its average volume of 180,063. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.16 and a quick ratio of 0.16. The company has a market capitalization of $464.12 million, a price-to-earnings ratio of -58.43 and a beta of 1.12. The stock’s 50-day moving average price is $21.95 and its 200 day moving average price is $17.91. Capital Southwest has a 1-year low of $10.02 and a 1-year high of $23.66.
The business also recently announced a quarterly dividend, which was paid on Wednesday, March 31st. Stockholders of record on Monday, March 15th were issued a $0.42 dividend. This is a boost from Capital Southwest’s previous quarterly dividend of $0.41. The ex-dividend date was Friday, March 12th. This represents a $1.68 annualized dividend and a dividend yield of 7.19%. Capital Southwest’s dividend payout ratio is presently 107.01%.
In other Capital Southwest news, Director David R. Brooks purchased 1,500 shares of Capital Southwest stock in a transaction that occurred on Thursday, February 11th. The stock was purchased at an average price of $20.57 per share, for a total transaction of $30,855.00. Following the transaction, the director now directly owns 30,000 shares in the company, valued at $617,100. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 7.35% of the company’s stock.
A number of hedge funds have recently added to or reduced their stakes in the stock. Sanders Morris Harris LLC raised its position in Capital Southwest by 2.9% in the 4th quarter. Sanders Morris Harris LLC now owns 865,717 shares of the asset manager’s stock valued at $15,366,000 after purchasing an additional 24,649 shares during the last quarter. Van ECK Associates Corp raised its position in Capital Southwest by 20.8% during the 4th quarter. Van ECK Associates Corp now owns 278,376 shares of the asset manager’s stock worth $4,941,000 after buying an additional 47,959 shares during the last quarter. Ares Management LLC raised its position in Capital Southwest by 3.3% during the 4th quarter. Ares Management LLC now owns 257,710 shares of the asset manager’s stock worth $4,574,000 after buying an additional 8,294 shares during the last quarter. Confluence Investment Management LLC raised its position in Capital Southwest by 102.4% during the 4th quarter. Confluence Investment Management LLC now owns 132,596 shares of the asset manager’s stock worth $2,354,000 after buying an additional 67,078 shares during the last quarter. Finally, BlackRock Inc. raised its position in Capital Southwest by 3.0% during the 4th quarter. BlackRock Inc. now owns 114,275 shares of the asset manager’s stock worth $2,028,000 after buying an additional 3,329 shares during the last quarter. Hedge funds and other institutional investors own 30.87% of the company’s stock.
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.
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