Capital Southwest (NASDAQ:CSWC) Announces Earnings Results

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

Capital Southwest Stock Up 0.4 %

Shares of NASDAQ:CSWC traded up $0.09 during trading on Friday, reaching $22.97. 405,205 shares of the stock traded hands, compared to its average volume of 453,268. The stock has a market cap of $1.10 billion, a P/E ratio of 14.01 and a beta of 1.24. Capital Southwest has a 52-week low of $20.68 and a 52-week high of $27.23. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.16 and a current ratio of 0.16. The stock has a 50-day moving average of $22.20 and a two-hundred day moving average of $23.79.

Capital Southwest Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be paid a $0.58 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $2.32 annualized dividend and a dividend yield of 10.10%. Capital Southwest's dividend payout ratio is presently 141.46%.

Analyst Upgrades and Downgrades

Separately, B. Riley boosted their target price on Capital Southwest from $24.00 to $24.50 and gave the stock a "neutral" rating in a report on Wednesday, October 30th.

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, industry consolidation, recapitalizations and growth capital investments.