Capital Southwest Co. (NASDAQ:CSWC) – Analysts at B. Riley cut their Q1 2020 EPS estimates for Capital Southwest in a note issued to investors on Wednesday, June 5th, Zacks Investment Research reports. B. Riley analyst T. Hayes now anticipates that the asset manager will earn $0.39 per share for the quarter, down from their prior estimate of $0.40. B. Riley also issued estimates for Capital Southwest’s Q3 2020 earnings at $0.44 EPS, Q1 2021 earnings at $0.43 EPS and Q4 2021 earnings at $0.46 EPS.
A number of other equities research analysts have also recently weighed in on the stock. BidaskClub raised shares of Capital Southwest from a “hold” rating to a “buy” rating in a research report on Thursday, May 9th. JMP Securities boosted their price target on shares of Capital Southwest from $22.50 to $23.00 and gave the company a “market outperform” rating in a research report on Friday, March 15th. National Securities reissued a “buy” rating and issued a $24.00 price target on shares of Capital Southwest in a research report on Tuesday, June 4th. Finally, Zacks Investment Research cut shares of Capital Southwest from a “hold” rating to a “sell” rating in a report on Friday, June 7th. One 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 company. Capital Southwest presently has a consensus rating of “Hold” and an average target price of $23.50.
Capital Southwest (NASDAQ:CSWC) last announced its quarterly earnings results on Monday, June 3rd. The asset manager reported $0.40 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.40. Capital Southwest had a net margin of 68.26% and a return on equity of 7.53%. The firm had revenue of $14.31 million during the quarter, compared to analysts’ expectations of $14.25 million.
Institutional investors and hedge funds have recently modified their holdings of the business. Princeton Global Asset Management LLC acquired a new position in Capital Southwest during the fourth quarter worth about $46,000. Confluence Investment Management LLC grew its position in Capital Southwest by 1.4% during the first quarter. Confluence Investment Management LLC now owns 115,506 shares of the asset manager’s stock worth $2,430,000 after buying an additional 1,564 shares during the period. Creative Planning acquired a new position in Capital Southwest during the fourth quarter worth about $395,000. Two Sigma Investments LP acquired a new position in Capital Southwest during the fourth quarter worth about $428,000. Finally, California Public Employees Retirement System acquired a new position in Capital Southwest during the fourth quarter worth about $350,000. Institutional investors own 53.27% of the company’s stock.
The company also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be paid a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a dividend yield of 7.14%. This is a positive change from Capital Southwest’s previous quarterly dividend of $0.38. The ex-dividend date of this dividend is Thursday, June 13th. Capital Southwest’s payout ratio is 107.04%.
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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