Capital Southwest (NASDAQ:CSWC) Announces Quarterly Earnings Results

Capital Southwest (NASDAQ:CSWC) announced its quarterly earnings data on Monday. The asset manager reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.62 by $0.01, Zacks reports. Capital Southwest had a return on equity of 15.54% and a net margin of 37.77%.

Capital Southwest Price Performance

Capital Southwest stock opened at $22.76 on Wednesday. Capital Southwest has a one year low of $20.68 and a one year high of $27.23. The business has a fifty day moving average price of $22.23 and a 200-day moving average price of $23.81. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.16 and a quick ratio of 0.16. The firm has a market capitalization of $1.09 billion, a P/E ratio of 13.88 and a beta of 1.24.

Capital Southwest Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be issued a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a dividend yield of 10.19%. The ex-dividend date is Friday, March 14th. Capital Southwest’s payout ratio is currently 141.46%.

Wall Street Analyst Weigh In

Separately, B. Riley increased their price objective on Capital Southwest from $24.00 to $24.50 and gave the company a “neutral” rating in a report on Wednesday, October 30th.

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, industry consolidation, recapitalizations and growth capital investments.