Zacks: Brokerages Anticipate Capital Southwest Co. (CSWC) Will Announce Quarterly Sales of $8.79 Million
Analysts expect Capital Southwest Co. (NASDAQ:CSWC) to post $8.79 million in sales for the current fiscal quarter, Zacks reports. Two analysts have made estimates for Capital Southwest’s earnings, with estimates ranging from $8.67 million to $8.90 million. Capital Southwest reported sales of $6.87 million during the same quarter last year, which would suggest a positive year over year growth rate of 27.9%. The firm is expected to issue its next quarterly earnings report on Monday, February 5th.
On average, analysts expect that Capital Southwest will report full year sales of $8.79 million for the current financial year, with estimates ranging from $34.13 million to $34.62 million. For the next year, analysts forecast that the business will post sales of $43.19 million per share, with estimates ranging from $42.23 million to $44.14 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research firms that that provide coverage for Capital Southwest.
Several brokerages have issued reports on CSWC. National Securities reaffirmed a “buy” rating and issued a $22.00 target price on shares of Capital Southwest in a research note on Monday, October 23rd. Robert W. Baird initiated coverage on Capital Southwest in a research note on Wednesday, August 30th. They issued an “outperform” rating and a $19.00 target price for the company. Zacks Investment Research raised Capital Southwest from a “strong sell” rating to a “hold” rating in a research note on Wednesday, October 11th. BidaskClub raised Capital Southwest from a “hold” rating to a “buy” rating in a research note on Tuesday, August 22nd. Finally, 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 price objective for the company. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $20.00.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 2nd. Stockholders of record on Friday, December 15th will be paid a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 6.09%. The ex-dividend date is Thursday, December 14th. This is a positive change from Capital Southwest’s previous quarterly dividend of $0.24. Capital Southwest’s dividend payout ratio is 55.49%.
In related news, VP Douglas M. Kelley acquired 1,500 shares of the company’s stock in a transaction dated Monday, November 13th. The stock was purchased at an average price of $17.00 per share, with a total value of $25,500.00. Following the completion of the purchase, the vice president now owns 66,135 shares in the company, valued at approximately $1,124,295. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 5.90% of the company’s stock.
Several large investors have recently added to or reduced their stakes in the company. Advisors Asset Management Inc. bought a new position in shares of Capital Southwest during the second quarter valued at approximately $179,000. JPMorgan Chase & Co. raised its holdings in shares of Capital Southwest by 8.3% during the second quarter. JPMorgan Chase & Co. now owns 15,722 shares of the asset manager’s stock valued at $253,000 after acquiring an additional 1,207 shares in the last quarter. Bard Associates Inc. bought a new position in shares of Capital Southwest during the second quarter valued at approximately $263,000. Wedbush Securities Inc. raised its holdings in shares of Capital Southwest by 27.5% during the second quarter. Wedbush Securities Inc. now owns 21,804 shares of the asset manager’s stock valued at $351,000 after acquiring an additional 4,700 shares in the last quarter. Finally, Prudential Financial Inc. raised its holdings in shares of Capital Southwest by 10.8% during the second quarter. Prudential Financial Inc. now owns 22,500 shares of the asset manager’s stock valued at $362,000 after acquiring an additional 2,200 shares in the last quarter. 60.03% of the stock is owned by hedge funds and other institutional investors.
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Capital Southwest Company Profile
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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