Capital Southwest (CSWC) Posts Quarterly Earnings Results, Beats Expectations By $0.06 EPS

Capital Southwest (NASDAQ:CSWC) posted its quarterly earnings results on Wednesday. The asset manager reported $0.34 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.28 by $0.06, Morningstar.com reports. The business had revenue of $12.60 million for the quarter, compared to analyst estimates of $10.58 million. Capital Southwest had a return on equity of 6.24% and a net margin of 102.03%.

CSWC stock opened at $19.30 on Friday. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.21. The company has a market cap of $326.49 million, a P/E ratio of 19.11 and a beta of 0.18. Capital Southwest has a 12-month low of $14.85 and a 12-month high of $20.31.

Several equities research analysts recently issued reports on the company. BidaskClub lowered Capital Southwest from a “buy” rating to a “hold” rating in a research report on Wednesday, August 8th. National Securities reissued a “buy” rating and set a $23.00 price target on shares of Capital Southwest in a research report on Monday, August 13th. JMP Securities assumed coverage on Capital Southwest in a research report on Tuesday, July 31st. They set an “outperform” rating and a $20.00 price target on the stock. Finally, Zacks Investment Research lowered Capital Southwest from a “hold” rating to a “sell” rating in a research report on Thursday, August 9th. One research analyst has rated the stock with a sell rating and four have issued a buy rating to the stock. Capital Southwest presently has an average rating of “Buy” and an average target price of $20.67.

Several hedge funds have recently bought and sold shares of CSWC. Bard Associates Inc. increased its position in Capital Southwest by 16.9% in the second quarter. Bard Associates Inc. now owns 19,375 shares of the asset manager’s stock worth $351,000 after buying an additional 2,800 shares during the period. Northern Trust Corp acquired a new stake in Capital Southwest in the first quarter worth $464,000. Sumitomo Mitsui Asset Management Company LTD acquired a new stake in Capital Southwest in the third quarter worth $842,000. Hilltop Holdings Inc. increased its position in Capital Southwest by 30.0% in the second quarter. Hilltop Holdings Inc. now owns 55,300 shares of the asset manager’s stock worth $1,001,000 after buying an additional 12,750 shares during the period. Finally, Sanders Morris Harris LLC acquired a new stake in Capital Southwest in the third quarter worth $1,122,000. 54.40% of the stock is currently owned by institutional investors and hedge funds.

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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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