Wall Street brokerages forecast that Capital Southwest Co. (NASDAQ:CSWC) will report sales of $15.28 million for the current fiscal quarter, Zacks Investment Research reports. Three analysts have made estimates for Capital Southwest’s earnings. The highest sales estimate is $15.34 million and the lowest is $15.19 million. Capital Southwest posted sales of $12.60 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 21.3%. The business is expected to issue its next quarterly earnings report on Tuesday, November 5th.
According to Zacks, analysts expect that Capital Southwest will report full-year sales of $63.48 million for the current year, with estimates ranging from $63.08 million to $64.24 million. For the next financial year, analysts expect that the firm will post sales of $70.97 million, with estimates ranging from $66.09 million to $75.74 million. Zacks’ sales averages are an average based on a survey of sell-side analysts that follow Capital Southwest.
Capital Southwest (NASDAQ:CSWC) last released its quarterly earnings results on Monday, August 5th. The asset manager reported $0.42 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.41 by $0.01. The company had revenue of $15.80 million for the quarter, compared to the consensus estimate of $14.90 million. Capital Southwest had a net margin of 53.87% and a return on equity of 8.27%.
In other news, Director David R. Brooks acquired 2,500 shares of the firm’s stock in a transaction that occurred on Friday, August 30th. The shares were acquired at an average cost of $21.37 per share, with a total value of $53,425.00. Following the completion of the purchase, the director now directly owns 24,500 shares of the company’s stock, valued at approximately $523,565. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 6.80% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of CSWC. Valeo Financial Advisors LLC bought a new stake in shares of Capital Southwest in the 2nd quarter worth approximately $34,000. Navellier & Associates Inc raised its position in shares of Capital Southwest by 14.0% in the second quarter. Navellier & Associates Inc now owns 161,474 shares of the asset manager’s stock valued at $3,383,000 after buying an additional 19,822 shares in the last quarter. Advantage Investment Management LLC acquired a new stake in shares of Capital Southwest in the second quarter valued at approximately $25,000. Aperio Group LLC acquired a new stake in shares of Capital Southwest in the second quarter valued at approximately $208,000. Finally, Wells Fargo & Company MN raised its position in shares of Capital Southwest by 2.5% in the second quarter. Wells Fargo & Company MN now owns 40,737 shares of the asset manager’s stock valued at $854,000 after buying an additional 1,009 shares in the last quarter. 48.56% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Capital Southwest stock traded up $0.34 on Friday, reaching $22.44. 130 shares of the company were exchanged, compared to its average volume of 55,686. Capital Southwest has a 1-year low of $17.22 and a 1-year high of $24.17. The company has a market cap of $396.13 million, a P/E ratio of 15.81 and a beta of 0.19. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.32 and a quick ratio of 0.32. The stock’s 50 day moving average price is $21.69 and its 200-day moving average price is $21.64.
The company also recently disclosed a dividend, which was paid on Monday, September 30th. Investors of record on Monday, September 16th were paid a $0.50 dividend. The ex-dividend date of this dividend was Friday, September 13th. Capital Southwest’s dividend payout ratio (DPR) is 112.68%.
About Capital Southwest
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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