$20.62 Million in Sales Expected for Capital Southwest Co. (NASDAQ:CSWC) This Quarter

Wall Street analysts expect Capital Southwest Co. (NASDAQ:CSWC) to announce $20.62 million in sales for the current fiscal quarter, Zacks Investment Research reports. Four analysts have issued estimates for Capital Southwest’s earnings, with estimates ranging from $20.21 million to $21.05 million. Capital Southwest reported sales of $19.04 million during the same quarter last year, which would suggest a positive year over year growth rate of 8.3%. The firm is expected to issue its next quarterly earnings report on Monday, February 7th.

On average, analysts expect that Capital Southwest will report full year sales of $80.41 million for the current fiscal year, with estimates ranging from $79.94 million to $80.65 million. For the next fiscal year, analysts forecast that the firm will post sales of $88.68 million, with estimates ranging from $86.40 million to $92.57 million. Zacks Investment Research’s sales averages are an average based on a survey of research firms that follow Capital Southwest.

Capital Southwest (NASDAQ:CSWC) last issued its quarterly earnings results on Sunday, October 31st. The asset manager reported $0.43 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.44 by ($0.01). Capital Southwest had a net margin of 48.21% and a return on equity of 10.09%. The firm had revenue of $20.30 million during the quarter, compared to the consensus estimate of $19.70 million. During the same quarter last year, the firm posted $0.45 earnings per share.

A number of research analysts recently commented on the company. Raymond James upped their price objective on Capital Southwest from $27.50 to $29.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 4th. Oppenheimer assumed coverage on Capital Southwest in a research note on Friday, September 24th. They set a “market perform” rating for the company. Zacks Investment Research downgraded Capital Southwest from a “buy” rating to a “hold” rating in a research note on Friday, November 5th. Finally, JMP Securities restated a “buy” rating on shares of Capital Southwest in a research note on Wednesday, November 3rd. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $26.75.

In other news, Director William R. Thomas III acquired 4,000 shares of the business’s stock in a transaction dated Thursday, September 9th. The stock was acquired at an average price of $27.72 per share, for a total transaction of $110,880.00. Following the completion of the acquisition, the director now directly owns 6,759 shares in the company, valued at approximately $187,359.48. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Michael Scott Sarner acquired 3,355 shares of the business’s stock in a transaction dated Tuesday, November 9th. The stock was purchased at an average price of $26.83 per share, with a total value of $90,014.65. The disclosure for this purchase can be found here. Insiders have acquired a total of 8,436 shares of company stock valued at $228,729 in the last quarter. 7.46% of the stock is currently owned by insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the company. TCI Wealth Advisors Inc. purchased a new stake in shares of Capital Southwest during the third quarter valued at $50,000. Allworth Financial LP lifted its holdings in shares of Capital Southwest by 18.4% during the second quarter. Allworth Financial LP now owns 2,672 shares of the asset manager’s stock valued at $62,000 after purchasing an additional 415 shares during the last quarter. Citigroup Inc. purchased a new stake in shares of Capital Southwest during the first quarter valued at $66,000. Deutsche Bank AG lifted its holdings in shares of Capital Southwest by 160.3% during the third quarter. Deutsche Bank AG now owns 2,616 shares of the asset manager’s stock valued at $66,000 after purchasing an additional 1,611 shares during the last quarter. Finally, Total Clarity Wealth Management Inc. purchased a new stake in shares of Capital Southwest during the third quarter valued at $69,000. 27.29% of the stock is owned by institutional investors and hedge funds.

Shares of NASDAQ CSWC traded down $0.18 during trading on Thursday, reaching $27.42. The stock had a trading volume of 38,142 shares, compared to its average volume of 154,306. Capital Southwest has a one year low of $16.40 and a one year high of $28.41. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.18 and a current ratio of 0.18. The stock has a market cap of $640.01 million, a PE ratio of 15.23, a P/E/G ratio of 15.16 and a beta of 1.21. The firm’s 50 day moving average price is $26.90 and its two-hundred day moving average price is $26.23.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 31st. Shareholders of record on Wednesday, December 15th will be given a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a yield of 6.86%. The ex-dividend date is Tuesday, December 14th. This is a positive change from Capital Southwest’s previous quarterly dividend of $0.44. Capital Southwest’s payout ratio is 97.78%.

About Capital Southwest

Capital Southwest is a publicly–owned business development company with total assets of $496 million as of June 30, 2010. We provide patient capital to exceptional businesses with significant growth potential. As a public company, we have the flexibility to hold investments indefinitely, which has provided the management teams of our holdings a stable ownership platform since we were founded in 1961.

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