Capital Southwest (NASDAQ:CSWC) Issues Earnings Results, Beats Estimates By $0.02 EPS

Capital Southwest (NASDAQ:CSWCGet Rating) released its quarterly earnings data on Monday. The asset manager reported $0.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.48 by $0.02, MarketWatch Earnings reports. Capital Southwest had a return on equity of 10.50% and a net margin of 42.58%. During the same quarter last year, the company posted $0.39 earnings per share.

CSWC opened at $21.85 on Tuesday. Capital Southwest has a one year low of $21.21 and a one year high of $28.41. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.10 and a current ratio of 0.10. The stock’s fifty day moving average is $23.29 and its 200-day moving average is $24.70. The company has a market capitalization of $522.78 million, a PE ratio of 14.19 and a beta of 1.11.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 30th. Stockholders of record on Wednesday, June 15th will be paid a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a dividend yield of 8.79%. The ex-dividend date of this dividend is Tuesday, June 14th. Capital Southwest’s dividend payout ratio is presently 124.68%.

A number of research analysts recently issued reports on the company. Zacks Investment Research lowered Capital Southwest from a “buy” rating to a “hold” rating in a research report on Monday, February 7th. Hovde Group reduced their price target on Capital Southwest to $22.00 in a research report on Friday. TheStreet lowered Capital Southwest from a “b-” rating to a “c” rating in a research report on Friday, February 4th. Finally, StockNews.com initiated coverage on Capital Southwest in a research report on Thursday, March 31st. They set a “hold” rating for the company. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $26.00.

Several institutional investors and hedge funds have recently bought and sold shares of the company. PNC Financial Services Group Inc. raised its stake in shares of Capital Southwest by 3.1% in the 1st quarter. PNC Financial Services Group Inc. now owns 20,583 shares of the asset manager’s stock worth $488,000 after buying an additional 611 shares in the last quarter. Great West Life Assurance Co. Can lifted its holdings in shares of Capital Southwest by 10.3% during the first quarter. Great West Life Assurance Co. Can now owns 7,765 shares of the asset manager’s stock valued at $196,000 after purchasing an additional 726 shares during the last quarter. Cambridge Investment Research Advisors Inc. lifted its holdings in shares of Capital Southwest by 3.1% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 25,826 shares of the asset manager’s stock valued at $613,000 after purchasing an additional 777 shares during the last quarter. Wells Fargo & Company MN lifted its holdings in shares of Capital Southwest by 23.2% during the second quarter. Wells Fargo & Company MN now owns 4,900 shares of the asset manager’s stock valued at $114,000 after purchasing an additional 924 shares during the last quarter. Finally, Guggenheim Capital LLC lifted its holdings in shares of Capital Southwest by 12.1% during the first quarter. Guggenheim Capital LLC now owns 9,338 shares of the asset manager’s stock valued at $222,000 after purchasing an additional 1,010 shares during the last quarter. 24.47% of the stock is currently owned by institutional investors.

Capital Southwest Company Profile (Get Rating)

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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Earnings History for Capital Southwest (NASDAQ:CSWC)

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