Capital Southwest Corporation (NASDAQ:CSWC) Posts Quarterly Earnings Results, Misses Estimates By $0.01 EPS
Capital Southwest Corporation (NASDAQ:CSWC) released its earnings results on Monday. The asset manager reported $0.22 earnings per share for the quarter, missing the consensus estimate of $0.23 by $0.01, reports. Capital Southwest Corporation had a net margin of 100.01% and a return on equity of 3.44%.
Capital Southwest Corporation (NASDAQ CSWC) traded up 1.47% during midday trading on Monday, reaching $16.60. The company’s stock had a trading volume of 12,470 shares. Capital Southwest Corporation has a 52 week low of $13.81 and a 52 week high of $17.33. The firm’s 50-day moving average price is $16.25 and its 200-day moving average price is $16.23. The stock has a market capitalization of $265.78 million, a PE ratio of 11.22 and a beta of -0.49.
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CSWC has been the topic of a number of analyst reports. National Bank Financial reiterated a “buy” rating and set a $22.00 price objective on shares of Capital Southwest Corporation in a research report on Wednesday, June 28th. National Securities initiated coverage on Capital Southwest Corporation in a research report on Tuesday, June 27th. They set a “buy” rating and a $22.00 price objective on the stock. ValuEngine downgraded Capital Southwest Corporation from a “buy” rating to a “hold” rating in a research report on Thursday, July 6th. Finally, Janney Montgomery Scott initiated coverage on Capital Southwest Corporation in a research report on Friday, June 30th. They set a “neutral” rating and a $18.00 price objective on the stock. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Capital Southwest Corporation presently has an average rating of “Buy” and a consensus target price of $20.67.
In other Capital Southwest Corporation news, Director Thomas Duane Morgan purchased 3,100 shares of Capital Southwest Corporation stock in a transaction on Wednesday, June 7th. The shares were bought at an average price of $16.26 per share, with a total value of $50,406.00. Following the purchase, the director now directly owns 4,395 shares in the company, valued at approximately $71,462.70. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director John H. Wilson acquired 5,000 shares of the company’s stock in a transaction dated Wednesday, June 28th. The shares were purchased at an average price of $16.30 per share, with a total value of $81,500.00. Following the completion of the acquisition, the director now owns 17,000 shares in the company, valued at $277,100. The disclosure for this purchase can be found here. In the last three months, insiders have sold 6,000 shares of company stock worth $96,775. Corporate insiders own 5.90% of the company’s stock.
About Capital Southwest Corporation
Capital Southwest Corporation is an investment company that specializes in providing customized financing to middle market companies in a range of industry segments located primarily in the United States. The Company is a specialty lending company. Its principal investment objective is to produce risk-adjusted returns by generating current income from debt investments and capital appreciation from its equity and equity related investments.
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