Capital Southwest Co. (NASDAQ:CSWC) – Stock analysts at Jefferies Financial Group decreased their Q3 2020 earnings per share (EPS) estimates for shares of Capital Southwest in a note issued to investors on Tuesday, November 5th. Jefferies Financial Group analyst K. Joseph now anticipates that the asset manager will post earnings per share of $0.41 for the quarter, down from their prior estimate of $0.42. Jefferies Financial Group has a “Buy” rating and a $24.00 price objective on the stock. Jefferies Financial Group also issued estimates for Capital Southwest’s Q4 2020 earnings at $0.42 EPS, FY2020 earnings at $1.66 EPS, Q1 2021 earnings at $0.42 EPS, Q2 2021 earnings at $0.43 EPS, Q3 2021 earnings at $0.43 EPS, Q4 2021 earnings at $0.44 EPS and FY2021 earnings at $1.72 EPS.
Several other brokerages have also recently weighed in on CSWC. B. Riley set a $23.00 target price on Capital Southwest and gave the company a “hold” rating in a research note on Monday, September 30th. Zacks Investment Research cut Capital Southwest from a “buy” rating to a “hold” rating in a research note on Thursday. National Securities began coverage on Capital Southwest in a research note on Monday, September 23rd. They set a “buy” rating and a $23.00 target price for the company. ValuEngine cut Capital Southwest from a “hold” rating to a “sell” rating in a research note on Saturday, September 14th. Finally, BidaskClub cut Capital Southwest from a “buy” rating to a “hold” rating in a research note on Saturday, October 26th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $23.40.
Shares of CSWC stock opened at $21.05 on Friday. The stock has a 50-day simple moving average of $21.87 and a 200 day simple moving average of $21.70. Capital Southwest has a fifty-two week low of $17.22 and a fifty-two week high of $24.17. The stock has a market capitalization of $375.53 million, a P/E ratio of 14.82 and a beta of 0.19. The company has a quick ratio of 0.32, a current ratio of 0.32 and a debt-to-equity ratio of 0.46.
Capital Southwest (NASDAQ:CSWC) last released its quarterly earnings results on Tuesday, November 5th. The asset manager reported $0.38 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ 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 business had revenue of $15.22 million during the quarter, compared to the consensus estimate of $15.28 million.
In other news, Director David R. Brooks bought 2,500 shares of the firm’s stock in a transaction that occurred on Friday, August 30th. The stock was acquired at an average price 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 acquisition was disclosed in a filing with the SEC, which is available at this link. Company insiders own 6.80% of the company’s stock.
Several large investors have recently added to or reduced their stakes in the stock. Wells Fargo & Company MN boosted its position in shares of Capital Southwest by 2.5% in the 2nd quarter. Wells Fargo & Company MN now owns 40,737 shares of the asset manager’s stock valued at $854,000 after purchasing an additional 1,009 shares during the period. Confluence Investment Management LLC boosted its position in shares of Capital Southwest by 1.0% in the 3rd quarter. Confluence Investment Management LLC now owns 116,836 shares of the asset manager’s stock valued at $2,547,000 after purchasing an additional 1,121 shares during the period. Advantage Investment Management LLC acquired a new position in shares of Capital Southwest in the 2nd quarter valued at $25,000. Valeo Financial Advisors LLC acquired a new position in shares of Capital Southwest in the 2nd quarter valued at $34,000. Finally, Tower Research Capital LLC TRC boosted its position in shares of Capital Southwest by 521.3% in the 3rd quarter. Tower Research Capital LLC TRC now owns 1,988 shares of the asset manager’s stock valued at $43,000 after purchasing an additional 1,668 shares during the period. Institutional investors and hedge funds own 48.66% of the company’s stock.
Capital Southwest Company Profile
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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