Capital Southwest Co. (NASDAQ:CSWC – Free Report) – Equities research analysts at B. Riley lifted their Q3 2024 earnings per share (EPS) estimates for shares of Capital Southwest in a research note issued to investors on Wednesday, November 1st. B. Riley analyst B. Rowe now expects that the asset manager will earn $0.67 per share for the quarter, up from their previous forecast of $0.64. The consensus estimate for Capital Southwest’s current full-year earnings is $2.63 per share. B. Riley also issued estimates for Capital Southwest’s Q4 2024 earnings at $0.65 EPS and FY2024 earnings at $2.65 EPS.
Several other analysts have also weighed in on the company. JMP Securities restated a “market outperform” rating and set a $22.00 price target on shares of Capital Southwest in a report on Friday, August 18th. Raymond James upped their price objective on Capital Southwest from $23.00 to $24.00 and gave the company an “outperform” rating in a research report on Wednesday, August 9th. Finally, StockNews.com initiated coverage on Capital Southwest in a research report on Thursday, October 5th. They issued a “hold” rating on the stock. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $21.63.
Capital Southwest Stock Performance
NASDAQ:CSWC opened at $21.60 on Friday. The stock’s fifty day moving average is $21.99 and its 200 day moving average is $20.48. Capital Southwest has a fifty-two week low of $16.34 and a fifty-two week high of $23.35. The firm has a market capitalization of $862.92 million, a PE ratio of 11.55 and a beta of 1.20. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.12 and a current ratio of 0.11.
Capital Southwest (NASDAQ:CSWC – Get Free Report) last released its quarterly earnings results on Tuesday, October 31st. The asset manager reported $0.69 earnings per share for the quarter, beating the consensus estimate of $0.64 by $0.05. Capital Southwest had a return on equity of 15.30% and a net margin of 44.13%. The company had revenue of $42.78 million for the quarter, compared to analyst estimates of $41.96 million. During the same quarter in the prior year, the firm posted $0.52 EPS. Capital Southwest’s quarterly revenue was up 59.6% compared to the same quarter last year.
Capital Southwest Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 15th will be paid a dividend of $0.63 per share. This is a boost from Capital Southwest’s previous quarterly dividend of $0.62. This represents a $2.52 dividend on an annualized basis and a dividend yield of 11.67%. The ex-dividend date is Thursday, December 14th. Capital Southwest’s dividend payout ratio is 119.79%.
Institutional Investors Weigh In On Capital Southwest
Hedge funds have recently made changes to their positions in the stock. Tower Research Capital LLC TRC purchased a new stake in Capital Southwest in the first quarter valued at about $78,000. Parallel Advisors LLC raised its stake in Capital Southwest by 98.0% in the second quarter. Parallel Advisors LLC now owns 4,815 shares of the asset manager’s stock valued at $95,000 after buying an additional 2,383 shares during the last quarter. Bank of America Corp DE raised its stake in Capital Southwest by 26.8% in the fourth quarter. Bank of America Corp DE now owns 6,143 shares of the asset manager’s stock valued at $105,000 after buying an additional 1,298 shares during the last quarter. Washington Trust Advisors Inc. raised its stake in shares of Capital Southwest by 36.1% in the third quarter. Washington Trust Advisors Inc. now owns 5,000 shares of the asset manager’s stock worth $114,000 after purchasing an additional 1,326 shares during the last quarter. Finally, Quantbot Technologies LP raised its stake in shares of Capital Southwest by 4,740.0% in the first quarter. Quantbot Technologies LP now owns 4,840 shares of the asset manager’s stock worth $114,000 after purchasing an additional 4,740 shares during the last quarter. 20.58% of the stock is currently owned by hedge funds and other institutional investors.
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, 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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