Capital Southwest (CSWC) Announces Earnings Results, Hits Expectations
Capital Southwest (NASDAQ:CSWC) released its quarterly earnings data on Monday. The asset manager reported $0.40 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.40, Fidelity Earnings reports. Capital Southwest had a return on equity of 6.78% and a net margin of 84.08%.
NASDAQ CSWC opened at $21.94 on Tuesday. Capital Southwest has a fifty-two week low of $16.89 and a fifty-two week high of $24.17. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.28 and a current ratio of 0.28. The stock has a market cap of $371.72 million, a price-to-earnings ratio of 21.72 and a beta of 0.25.
CSWC has been the subject of a number of research reports. National Securities reissued a “buy” rating and set a $24.00 price objective on shares of Capital Southwest in a research report on Wednesday, February 6th. Zacks Investment Research lowered Capital Southwest from a “buy” rating to a “hold” rating in a report on Monday, February 11th. JMP Securities raised their target price on Capital Southwest from $22.50 to $23.00 and gave the company a “market outperform” rating in a report on Friday, March 15th. Finally, BidaskClub lowered Capital Southwest from a “buy” rating to a “hold” rating in a report on Friday, March 1st. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $23.50.
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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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