Capital Southwest Co. (NASDAQ:CSWC) – Equities research analysts at B. Riley dropped their FY2020 earnings estimates for Capital Southwest in a report issued on Wednesday, November 6th. B. Riley analyst T. Hayes now anticipates that the asset manager will earn $1.66 per share for the year, down from their prior estimate of $1.71. B. Riley has a “Hold” rating and a $23.00 price objective on the stock. B. Riley also issued estimates for Capital Southwest’s Q4 2020 earnings at $0.41 EPS, Q1 2021 earnings at $0.41 EPS, Q2 2021 earnings at $0.43 EPS, Q3 2021 earnings at $0.44 EPS, Q4 2021 earnings at $0.44 EPS and FY2021 earnings at $1.72 EPS.
CSWC has been the subject of a number of other research reports. Jefferies Financial Group began coverage on shares of Capital Southwest in a research report on Thursday, October 10th. They set a “buy” rating and a $24.00 target price for the company. BidaskClub lowered shares of Capital Southwest from a “buy” rating to a “hold” rating in a research report on Saturday, October 26th. ValuEngine lowered shares of Capital Southwest from a “hold” rating to a “sell” rating in a research report on Saturday, September 14th. Zacks Investment Research lowered shares of Capital Southwest from a “buy” rating to a “hold” rating in a research report on Thursday. Finally, National Securities began coverage on shares of Capital Southwest in a research report on Monday, September 23rd. They set a “buy” rating and a $23.00 target price for the company. One analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $23.40.
Shares of NASDAQ:CSWC traded up $0.31 during midday trading on Friday, reaching $21.05. 72,000 shares of the company were exchanged, compared to its average volume of 74,838. The company has a current ratio of 0.32, a quick ratio of 0.32 and a debt-to-equity ratio of 0.46. The business’s fifty day moving average is $21.87 and its two-hundred day moving average is $21.70. Capital Southwest has a one year low of $17.22 and a one year high of $24.17. The stock has a market cap of $375.53 million, a PE ratio of 14.82 and a beta of 0.19.
Capital Southwest (NASDAQ:CSWC) last issued its earnings results on Tuesday, November 5th. The asset manager reported $0.38 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.43 by ($0.05). Capital Southwest had a return on equity of 8.55% and a net margin of 44.96%. The company had revenue of $15.22 million for the quarter, compared to the consensus estimate of $15.28 million.
In other Capital Southwest news, Director David R. Brooks acquired 2,500 shares of the stock in a transaction on Friday, August 30th. The stock was acquired at an average price of $21.37 per share, for a total transaction of $53,425.00. Following the completion of the transaction, the director now directly owns 24,500 shares of the company’s stock, valued at $523,565. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 6.80% of the stock is owned by company insiders.
A number of hedge funds have recently added to or reduced their stakes in CSWC. Valeo Financial Advisors LLC bought a new position in Capital Southwest during the second quarter valued at $34,000. Navellier & Associates Inc raised its stake 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 acquiring an additional 19,822 shares during the period. Advantage Investment Management LLC purchased a new stake in shares of Capital Southwest in the second quarter valued at $25,000. Aperio Group LLC purchased a new stake in shares of Capital Southwest in the second quarter valued at $208,000. Finally, Wells Fargo & Company MN raised its stake 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 acquiring an additional 1,009 shares during the period. Institutional investors and hedge funds own 48.66% of the company’s stock.
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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