Capital Southwest Co. (CSWC) Expected to Announce Quarterly Sales of $8.79 Million
Brokerages expect that Capital Southwest Co. (NASDAQ:CSWC) will post $8.79 million in sales for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for Capital Southwest’s earnings. The highest sales estimate is $8.90 million and the lowest is $8.67 million. Capital Southwest posted sales of $6.87 million during the same quarter last year, which suggests a positive year over year growth rate of 27.9%. The company is expected to issue its next earnings results on Monday, February 5th.
According to Zacks, analysts expect that Capital Southwest will report full-year sales of $8.79 million for the current fiscal year, with estimates ranging from $34.13 million to $34.62 million. For the next year, analysts anticipate that the firm will report sales of $43.19 million per share, with estimates ranging from $42.23 million to $44.14 million. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that cover Capital Southwest.
CSWC has been the topic of several research analyst reports. Ladenburg Thalmann Financial Services initiated coverage on Capital Southwest in a research note on Thursday, November 30th. They set a “buy” rating and a $19.00 target price on the stock. National Securities restated a “buy” rating and set a $22.00 target price on shares of Capital Southwest in a research note on Thursday, November 9th. Zacks Investment Research upgraded Capital Southwest from a “strong sell” rating to a “hold” rating in a research note on Wednesday, October 11th. Robert W. Baird assumed coverage on Capital Southwest in a research note on Wednesday, August 30th. They set an “outperform” rating and a $19.00 price target on the stock. Finally, BidaskClub downgraded Capital Southwest from a “hold” rating to a “sell” rating in a research note on Wednesday, December 20th. One research analyst has rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company. Capital Southwest presently has a consensus rating of “Hold” and a consensus price target of $20.00.
In other Capital Southwest news, VP Douglas M. Kelley purchased 1,500 shares of Capital Southwest stock in a transaction that occurred on Monday, November 13th. The stock was bought at an average price of $17.00 per share, with a total value of $25,500.00. Following the acquisition, the vice president now owns 66,135 shares of the company’s stock, valued at approximately $1,124,295. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 5.90% of the stock is owned by corporate insiders.
Institutional investors have recently made changes to their positions in the business. New York State Common Retirement Fund raised its holdings in shares of Capital Southwest by 12.3% during the second quarter. New York State Common Retirement Fund now owns 103,139 shares of the asset manager’s stock valued at $1,658,000 after acquiring an additional 11,299 shares during the last quarter. Zuckerman Investment Group LLC raised its holdings in shares of Capital Southwest by 6.9% during the third quarter. Zuckerman Investment Group LLC now owns 1,356,695 shares of the asset manager’s stock valued at $23,240,000 after acquiring an additional 87,408 shares during the last quarter. Advisors Asset Management Inc. raised its holdings in shares of Capital Southwest by 272.5% during the third quarter. Advisors Asset Management Inc. now owns 41,485 shares of the asset manager’s stock valued at $711,000 after acquiring an additional 30,349 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Capital Southwest by 8.3% in the second quarter. JPMorgan Chase & Co. now owns 15,722 shares of the asset manager’s stock valued at $253,000 after purchasing an additional 1,207 shares during the last quarter. Finally, Kennedy Capital Management Inc. increased its holdings in shares of Capital Southwest by 249.3% in the second quarter. Kennedy Capital Management Inc. now owns 44,035 shares of the asset manager’s stock valued at $708,000 after purchasing an additional 31,428 shares during the last quarter. 60.03% of the stock is owned by institutional investors and hedge funds.
Capital Southwest (CSWC) opened at $16.52 on Thursday. Capital Southwest has a one year low of $15.04 and a one year high of $17.76. The company has a debt-to-equity ratio of 0.19, a quick ratio of 10.42 and a current ratio of 10.41. The firm has a market capitalization of $269.12, a price-to-earnings ratio of 9.55 and a beta of -0.55.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 2nd. Stockholders of record on Friday, December 15th will be paid a $0.26 dividend. This is an increase from Capital Southwest’s previous quarterly dividend of $0.24. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 6.30%. Capital Southwest’s dividend payout ratio is presently 60.12%.
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About Capital Southwest
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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