Equities analysts expect that Capital Southwest Co. (NASDAQ:CSWC) will post sales of $17.76 million for the current quarter, according to Zacks. Three analysts have issued estimates for Capital Southwest’s earnings, with the highest sales estimate coming in at $18.09 million and the lowest estimate coming in at $17.56 million. Capital Southwest posted sales of $15.04 million in the same quarter last year, which suggests a positive year-over-year growth rate of 18.1%. The firm is scheduled to announce its next quarterly earnings report on Monday, June 7th.
On average, analysts expect that Capital Southwest will report full year sales of $68.65 million for the current year, with estimates ranging from $68.45 million to $68.98 million. For the next year, analysts anticipate that the business will post sales of $74.52 million, with estimates ranging from $72.31 million to $76.20 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that cover Capital Southwest.
Capital Southwest (NASDAQ:CSWC) last issued its earnings results on Tuesday, February 2nd. The asset manager reported $0.45 EPS for the quarter, beating analysts’ consensus estimates of $0.41 by $0.04. Capital Southwest had a positive return on equity of 10.17% and a negative net margin of 10.38%. The business had revenue of $19.04 million during the quarter, compared to analyst estimates of $16.62 million.
In other news, Director David R. Brooks purchased 1,500 shares of the business’s stock in a transaction dated Thursday, February 11th. The shares were acquired at an average price of $20.57 per share, with a total value of $30,855.00. Following the completion of the purchase, the director now directly owns 30,000 shares of the company’s stock, valued at approximately $617,100. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 7.35% of the company’s stock.
Several institutional investors and hedge funds have recently modified their holdings of the company. Mariner LLC acquired a new position in shares of Capital Southwest during the fourth quarter valued at $213,000. Centric Wealth Management acquired a new position in Capital Southwest in the fourth quarter valued at about $1,099,000. Ares Management LLC lifted its stake in Capital Southwest by 3.3% in the fourth quarter. Ares Management LLC now owns 257,710 shares of the asset manager’s stock valued at $4,574,000 after buying an additional 8,294 shares during the period. LPL Financial LLC lifted its stake in Capital Southwest by 15.0% in the fourth quarter. LPL Financial LLC now owns 34,823 shares of the asset manager’s stock valued at $618,000 after buying an additional 4,554 shares during the period. Finally, Virtus ETF Advisers LLC lifted its stake in Capital Southwest by 83.7% in the fourth quarter. Virtus ETF Advisers LLC now owns 27,187 shares of the asset manager’s stock valued at $483,000 after buying an additional 12,388 shares during the period. 30.87% of the stock is currently owned by institutional investors and hedge funds.
NASDAQ:CSWC traded down $0.01 during trading hours on Monday, reaching $23.36. The company had a trading volume of 1,694 shares, compared to its average volume of 180,063. The stock has a 50-day moving average of $21.95 and a two-hundred day moving average of $17.91. Capital Southwest has a one year low of $10.02 and a one year high of $23.66. The firm has a market capitalization of $464.12 million, a PE ratio of -58.43 and a beta of 1.12. The company has a quick ratio of 0.16, a current ratio of 0.16 and a debt-to-equity ratio of 0.65.
The company also recently declared a quarterly dividend, which was paid on Wednesday, March 31st. Stockholders of record on Monday, March 15th were paid a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a dividend yield of 7.19%. The ex-dividend date of this dividend was Friday, March 12th. This is a positive change from Capital Southwest’s previous quarterly dividend of $0.41. Capital Southwest’s dividend payout ratio is 107.01%.
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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