Capital Southwest Corporation (CSWC) Set to Announce Quarterly Earnings on Monday
Capital Southwest Corporation (NASDAQ:CSWC) will announce its earnings results after the market closes on Monday, November 6th. Analysts expect the company to announce earnings of $0.24 per share for the quarter.
Shares of Capital Southwest Corporation (NASDAQ:CSWC) opened at 17.12 on Monday. The company has a 50-day moving average of $17.02 and a 200-day moving average of $16.46. The stock has a market capitalization of $274.02 million, a PE ratio of 10.39 and a beta of -0.51. Capital Southwest Corporation has a 12 month low of $13.81 and a 12 month high of $17.76.
The business also recently disclosed a quarterly dividend, which was paid on Monday, October 2nd. Shareholders of record on Friday, September 15th were issued a dividend of $0.24 per share. This is a positive change from Capital Southwest Corporation’s previous quarterly dividend of $0.21. This represents a $0.96 annualized dividend and a yield of 5.61%. The ex-dividend date of this dividend was Thursday, September 14th. Capital Southwest Corporation’s dividend payout ratio (DPR) is currently 58.54%.
In other news, major shareholder Moab Capital Partners Llc sold 53,270 shares of the firm’s stock in a transaction dated Monday, August 28th. The shares were sold at an average price of $17.30, for a total value of $921,571.00. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Company insiders own 5.90% of the company’s stock.
Several research analysts have weighed in on the stock. Zacks Investment Research raised shares of Capital Southwest Corporation from a “strong sell” rating to a “hold” rating in a report on Wednesday, October 11th. Robert W. Baird assumed coverage on shares of Capital Southwest Corporation in a report on Wednesday, August 30th. They set an “outperform” rating and a $19.00 price objective for the company. National Securities reissued a “buy” rating and set a $22.00 price objective on shares of Capital Southwest Corporation in a report on Monday, October 23rd. BidaskClub raised shares of Capital Southwest Corporation from a “hold” rating to a “buy” rating in a report on Tuesday, August 22nd. Finally, ValuEngine lowered shares of Capital Southwest Corporation from a “buy” rating to a “hold” rating in a report on Thursday, July 6th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $20.25.
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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