Capital Southwest (NASDAQ:CSWC) Issues Earnings Results, Beats Expectations By $0.01 EPS

Capital Southwest (NASDAQ:CSWC) posted its quarterly earnings results on Monday. The asset manager reported $0.42 earnings per share for the quarter, beating analysts’ consensus estimates of $0.41 by $0.01, Bloomberg Earnings reports. Capital Southwest had a return on equity of 7.53% and a net margin of 68.26%. The business had revenue of $15.80 million for the quarter, compared to analysts’ expectations of $14.90 million.

Shares of NASDAQ CSWC opened at $21.50 on Wednesday. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.43. Capital Southwest has a 52 week low of $17.22 and a 52 week high of $24.17. The company has a market capitalization of $380.31 million, a PE ratio of 15.14 and a beta of 0.21. The stock has a fifty day moving average of $21.12.

Several hedge funds and other institutional investors have recently modified their holdings of CSWC. Confluence Investment Management LLC lifted its stake in shares of Capital Southwest by 1.4% in the first quarter. Confluence Investment Management LLC now owns 115,506 shares of the asset manager’s stock worth $2,430,000 after acquiring an additional 1,564 shares during the period. Two Sigma Investments LP bought a new stake in Capital Southwest in the fourth quarter worth approximately $428,000. Valeo Financial Advisors LLC bought a new stake in Capital Southwest in the second quarter worth approximately $34,000. California Public Employees Retirement System bought a new stake in Capital Southwest in the fourth quarter worth approximately $350,000. Finally, Millennium Management LLC increased its holdings in Capital Southwest by 28.7% in the fourth quarter. Millennium Management LLC now owns 13,209 shares of the asset manager’s stock worth $254,000 after purchasing an additional 2,945 shares in the last quarter. Institutional investors own 51.78% of the company’s stock.

A number of research firms recently weighed in on CSWC. Zacks Investment Research cut Capital Southwest from a “hold” rating to a “sell” rating in a research note on Friday, June 7th. BidaskClub upgraded Capital Southwest from a “sell” rating to a “hold” rating in a research report on Thursday, August 1st. Finally, National Securities reiterated a “buy” rating and set a $24.00 price objective on shares of Capital Southwest in a research report on Tuesday, June 4th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the stock. Capital Southwest has a consensus rating of “Hold” and an average target price of $23.50.

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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Earnings History for Capital Southwest (NASDAQ:CSWC)

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