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. In lower middle market, the firm typically invests in growth financing, bolt-on acquisitions, new platform acquisitions, refinancing, dividend recapitalizations, sponsor-led buyouts, and management buyouts situations. The investment structures are Unitranche debt, subordinated debt, senior debt, first and second lien debt, and preferred and common equity. The firm makes equity co-investments alongside debt investments, up to 20% of total check and only makes non-control investments. It prefers to invest in Industrial manufacturing and services, value-added distribution, healthcare products and services, business services, specialty chemicals, food and beverage, tech-enabled services and SaaS models. The firm seeks to invest in energy services and products, industrial technologies, and specialty chemicals and products. Within energy services and products, the firm seeks to invest in each segment of the industry, including upstream, midstream and downstream, excluding exploration and production with a focus on differentiated products and services, equipment and tool rental, consumable products, and drilling and completion chemicals. Within industrial technologies, it seeks to invest in automation and process controls, handling and packaging equipment, industrial filtration and fluid handling, measurement, monitoring and testing, professional tools, and sensors and instrumentation. Within and specialty chemicals and products, the firm seeks to invest in businesses that develop and manufacture highly differentiated chemicals and products including adhesives, coatings and sealants, catalysts and absorbents, cosmeceuticals, fine chemicals, flavors and fragrances, performance lubricants, polymers, plastics and composites, chemical dispensing and filtration equipment, professional and industrial trade consumables and tools, engineered solutions for HVAC, plumbing, and electrical installations, specified high performance materials for fire protection and oilfield applications. It may also invest in exceptional opportunities in building products. The firm seeks to invest in the United States. The firm seeks to make investments ranging from $5 to $25 million in securities. It seeks to make equity investments up to $5 million and debt investments between $5 million and $20 million and co-invest in transaction size upto $40 million. It prefers to invest in companies with revenues approaching above $10 million, profitable operations, historical growth rate of at least 15 percent per year. . Within the lower middle market, it seeks to invest in with less than $15 million in EBITDA and also opportunistically invests in the upper middle market, generally defined as companies with EBITDA in excess of $50 million. In addition to making direct investments, the firm allocates capital to syndicated first and second lien term loans in the upper middle market. Criteria for Upper Middle Market Syndicated 1st Lien is EBITDA Size more than $30 million, Closing Leverage greater than 4 times, investment hold size between $5 million and $7 million, investment yield greater than 6.5%. Criteria for Upper Middle Market Syndicated 2nd Lien is EBITDA Size more than $50 million, Closing Leverage greater than 6 times, investment hold size between $5 million and $7 million, investment yield greater than 9%. It prefers to take a majority and minority stake. The firm has the flexibility to hold investments for very long period in its portfolio companies. It may also invest through warrants. The firm prefers to take Board participation in its portfolio companies. Capital Southwest Corporation was founded on April 19, 1961 and is based in Dallas, Texas.
IPO Year:
Exchange: NASDAQ
Website: capitalsouthwest.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 5/15/2024 | Mkt Outperform → Mkt Perform | JMP Securities | |
| 1/8/2024 | $23.50 | Buy → Neutral | B. Riley Securities |
| 4/11/2023 | $19.00 | Neutral | UBS |
| 12/9/2022 | $20.00 | Neutral → Buy | B. Riley Securities |
| 9/16/2022 | $18.00 | Neutral | B. Riley Securities |
| 9/24/2021 | Perform | Oppenheimer | |
| 8/4/2021 | $27.50 → $29.00 | Outperform | Raymond James |
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DALLAS, April 01, 2021 (GLOBE NEWSWIRE) -- Capital Southwest Corporation (“Capital Southwest”) (Nasdaq: CSWC), an internally managed business development company focused on providing flexible financing solutions to support the acquisition and growth of middle market businesses, announced the appointment of Ramona L. Rogers-Windsor as a new independent member of its board of directors on March 26, 2021. Ms. Rogers-Windsor is a senior finance executive with over 38 years of experience across multiple segments of the financial services industry including global investment management, public accounting audit, life insurance financial risk underwriting and retail brokerage. Ms. Rogers-Windsor
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DALLAS, Nov. 05, 2024 (GLOBE NEWSWIRE) -- Capital Southwest Corporation (NASDAQ:CSWC) ("Capital Southwest") today announced the pricing of $200,000,000 principal amount of 5.125% Convertible Notes due 2029 (the "notes") in an underwritten offering (the "offering"). Capital Southwest also granted the underwriters of the notes an option to purchase up to an additional $30,000,000 principal amount of notes, solely to cover over-allotments. The sale of the notes is expected to close on November 8, 2024, subject to customary closing conditions. The notes will be senior unsecured obligations of Capital Southwest and will accrue interest payable quarterly in arrears on February 15, May 15, Augus
DALLAS, Nov. 04, 2024 (GLOBE NEWSWIRE) -- Capital Southwest Corporation (NASDAQ:CSWC) ("Capital Southwest") today announced the commencement of a registered public offering of unsecured convertible notes due 2029 (the "notes") in an underwritten offering (the "offering"). The notes will be unsecured obligations of Capital Southwest, will accrue interest payable quarterly in arrears and will mature in 2029, unless earlier converted, redeemed or repurchased. Upon conversion, Capital Southwest will pay or deliver, as the case may be, cash, shares of Capital Southwest's common stock or a combination of cash and shares of Capital Southwest's common stock, at Capital Southwest's election. The i
DALLAS, Oct. 28, 2024 (GLOBE NEWSWIRE) -- Capital Southwest Corporation ("Capital Southwest," "CSWC" or the "Company") (NASDAQ:CSWC), an internally managed business development company focused on providing flexible financing solutions to support the acquisition and growth of middle market businesses, today announced its financial results for the second fiscal quarter ended September 30, 2024. Second Quarter Fiscal Year 2025 Financial Highlights Total Investment Portfolio: $1.5 billion Credit Portfolio of $1.4 billion: 98% 1st Lien Senior Secured Debt$88.0 million in new committed credit investments during the quarterWeighted Average Y
DALLAS, Oct. 17, 2024 (GLOBE NEWSWIRE) -- Capital Southwest Corporation (("Capital Southwest" or the "Company", NASDAQ:CSWC), an internally managed business development company focused on providing flexible financing solutions to support the acquisition and growth of middle market businesses, announced today that it will release its second quarter 2025 results on Monday, October 28, 2024, after the market closes. In conjunction with the release, Capital Southwest has scheduled a live webcast on Tuesday, October 29, 2024, at 11:00 a.m. Eastern time. Investors may participate in the webcast. By Webcast: Connect to the webcast using the Investor Relations section of Capital Southwest's websi
DALLAS, Sept. 12, 2024 (GLOBE NEWSWIRE) -- Capital Southwest Corporation ("Capital Southwest") (NASDAQ:CSWC), an internally managed business development company focused on providing flexible financing solutions to support the acquisition and growth of middle market businesses, today announced an increase to the total commitments under its senior secured credit facility (the "Corporate Credit Facility"). The Corporate Credit Facility was increased under the existing accordion feature by $25 million, bringing total commitments from $460 million to $485 million. The $25 million increase was provided by one new lender, bringing the total bank syndicate to 11 participants. The existing Corporat
DALLAS, Aug. 05, 2024 (GLOBE NEWSWIRE) -- Capital Southwest Corporation ("Capital Southwest," "CSWC" or the "Company") (NASDAQ:CSWC), an internally managed business development company focused on providing flexible financing solutions to support the acquisition and growth of middle market businesses, today announced its financial results for the first fiscal quarter ended June 30, 2024. First Quarter Fiscal Year 2025 Financial Highlights Total Investment Portfolio: $1.5 billion Credit Portfolio of $1.3 billion: 98% 1st Lien Senior Secured Debt$105.1 million in new committed credit investments during the quarterWeighted Average Yield on Debt Investments: 13.3%Current non-accruals with a f
DALLAS, July 17, 2024 (GLOBE NEWSWIRE) -- Capital Southwest Corporation ("Capital Southwest") (NASDAQ:CSWC), an internally managed business development company focused on providing flexible financing solutions to support the acquisition and growth of middle market businesses, is pleased to announce its preliminary operating results for the first quarter of its 2025 fiscal year (quarter ended June 30, 2024) and its first quarter 2025 earnings release and conference call schedule. Capital Southwest's preliminary estimate of its first quarter 2025 pre-tax net investment income is in the range of $0.68 to $0.69 per share. The preliminary estimate of its net investment income for the same peri
DALLAS, May 14, 2024 (GLOBE NEWSWIRE) -- Capital Southwest Corporation ("Capital Southwest," "CSWC" or the "Company") (NASDAQ:CSWC), an internally managed business development company focused on providing flexible financing solutions to support the acquisition and growth of middle market businesses, today announced its financial results for the fourth fiscal quarter and fiscal year ended March 31, 2024. Fourth Quarter Fiscal Year 2024 Financial Highlights Total Investment Portfolio: $1.5 billion Credit Portfolio of $1.3 billion: 97% 1st Lien Senior Secured Debt$154.6 million in new committed credit investments during the quarterWeighted Average Yield on Debt Investments: 13.3%Current non
DALLAS, May 07, 2024 (GLOBE NEWSWIRE) -- Capital Southwest Corporation ("Capital Southwest") (NASDAQ:CSWC), an internally managed business development company focused on providing flexible financing solutions to support the acquisition and growth of middle market businesses, announced today that its Board of Directors has approved the promotion of Josh Weinstein to Senior Managing Director and Chief Investment Officer and Chris Rehberger to Executive Vice President and Treasurer, effective immediately. Bowen Diehl, Capital Southwest's President and Chief Executive Officer, stated, "On behalf of our Board of Directors, I am very pleased to announce the well-deserved promotions of Josh and
DALLAS, April 24, 2024 (GLOBE NEWSWIRE) -- Capital Southwest Corporation (("Capital Southwest" or the "Company", NASDAQ:CSWC), an internally managed business development company focused on providing flexible financing solutions to support the acquisition and growth of middle market businesses, announced today that it will release its fourth quarter and fiscal year 2024 results on Tuesday, May 14, 2024, after the market closes. In conjunction with the release, Capital Southwest has scheduled a live webcast on Wednesday, May 15, 2024, at 11:00 a.m. Eastern time. By Webcast: Connect to the webcast using the Investor Relations section of Capital Southwest's website at www.capitalsouthwest.com
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DALLAS, Oct. 28, 2024 (GLOBE NEWSWIRE) -- Capital Southwest Corporation ("Capital Southwest," "CSWC" or the "Company") (NASDAQ:CSWC), an internally managed business development company focused on providing flexible financing solutions to support the acquisition and growth of middle market businesses, today announced its financial results for the second fiscal quarter ended September 30, 2024. Second Quarter Fiscal Year 2025 Financial Highlights Total Investment Portfolio: $1.5 billion Credit Portfolio of $1.4 billion: 98% 1st Lien Senior Secured Debt$88.0 million in new committed credit investments during the quarterWeighted Average Y
DALLAS, Oct. 17, 2024 (GLOBE NEWSWIRE) -- Capital Southwest Corporation (("Capital Southwest" or the "Company", NASDAQ:CSWC), an internally managed business development company focused on providing flexible financing solutions to support the acquisition and growth of middle market businesses, announced today that it will release its second quarter 2025 results on Monday, October 28, 2024, after the market closes. In conjunction with the release, Capital Southwest has scheduled a live webcast on Tuesday, October 29, 2024, at 11:00 a.m. Eastern time. Investors may participate in the webcast. By Webcast: Connect to the webcast using the Investor Relations section of Capital Southwest's websi
DALLAS, Aug. 05, 2024 (GLOBE NEWSWIRE) -- Capital Southwest Corporation ("Capital Southwest," "CSWC" or the "Company") (NASDAQ:CSWC), an internally managed business development company focused on providing flexible financing solutions to support the acquisition and growth of middle market businesses, today announced its financial results for the first fiscal quarter ended June 30, 2024. First Quarter Fiscal Year 2025 Financial Highlights Total Investment Portfolio: $1.5 billion Credit Portfolio of $1.3 billion: 98% 1st Lien Senior Secured Debt$105.1 million in new committed credit investments during the quarterWeighted Average Yield on Debt Investments: 13.3%Current non-accruals with a f
DALLAS, July 17, 2024 (GLOBE NEWSWIRE) -- Capital Southwest Corporation ("Capital Southwest") (NASDAQ:CSWC), an internally managed business development company focused on providing flexible financing solutions to support the acquisition and growth of middle market businesses, is pleased to announce its preliminary operating results for the first quarter of its 2025 fiscal year (quarter ended June 30, 2024) and its first quarter 2025 earnings release and conference call schedule. Capital Southwest's preliminary estimate of its first quarter 2025 pre-tax net investment income is in the range of $0.68 to $0.69 per share. The preliminary estimate of its net investment income for the same peri
DALLAS, May 14, 2024 (GLOBE NEWSWIRE) -- Capital Southwest Corporation ("Capital Southwest," "CSWC" or the "Company") (NASDAQ:CSWC), an internally managed business development company focused on providing flexible financing solutions to support the acquisition and growth of middle market businesses, today announced its financial results for the fourth fiscal quarter and fiscal year ended March 31, 2024. Fourth Quarter Fiscal Year 2024 Financial Highlights Total Investment Portfolio: $1.5 billion Credit Portfolio of $1.3 billion: 97% 1st Lien Senior Secured Debt$154.6 million in new committed credit investments during the quarterWeighted Average Yield on Debt Investments: 13.3%Current non
DALLAS, April 24, 2024 (GLOBE NEWSWIRE) -- Capital Southwest Corporation (("Capital Southwest" or the "Company", NASDAQ:CSWC), an internally managed business development company focused on providing flexible financing solutions to support the acquisition and growth of middle market businesses, announced today that it will release its fourth quarter and fiscal year 2024 results on Tuesday, May 14, 2024, after the market closes. In conjunction with the release, Capital Southwest has scheduled a live webcast on Wednesday, May 15, 2024, at 11:00 a.m. Eastern time. By Webcast: Connect to the webcast using the Investor Relations section of Capital Southwest's website at www.capitalsouthwest.com
DALLAS, Jan. 31, 2024 (GLOBE NEWSWIRE) -- Capital Southwest Corporation ("Capital Southwest" or the "Company") (NASDAQ:CSWC), an internally managed business development company focused on providing flexible financing solutions to support the acquisition and growth of middle market businesses, announced today the U.S. federal income tax treatment of its 2023 dividends. U.S. Federal Income Tax Treatment of 2023 Dividends Capital Southwest paid dividends totaling $2.42 per share that are attributable to the tax year ended December 31, 2023, with 100.00% of those dividends comprised of ordinary income, including net short-term capital gains. The Company has posted information regarding t
DALLAS, Jan. 29, 2024 (GLOBE NEWSWIRE) -- Capital Southwest Corporation ("Capital Southwest," "CSWC" or the "Company") (NASDAQ:CSWC), an internally managed business development company focused on providing flexible financing solutions to support the acquisition and growth of middle market businesses, today announced its financial results for the third fiscal quarter ended December 31, 2023. Third Quarter Fiscal Year 2024 Financial Highlights Total Investment Portfolio: $1.4 billion Credit Portfolio of $1.2 billion: 97% 1st Lien Senior Secured Debt$110.2 million in new committed credit investmentsWeighted Average Yield on Debt Investments: 13.5%Current non-accruals with a fair value of $2
DALLAS, Jan. 11, 2024 (GLOBE NEWSWIRE) -- Capital Southwest Corporation (("Capital Southwest" or the "Company", NASDAQ:CSWC), an internally managed business development company focused on providing flexible financing solutions to support the acquisition and growth of middle market businesses, announced today that it will release its third quarter 2024 results on Monday, January 29, 2024, after the market closes. In conjunction with the release, Capital Southwest has scheduled a live webcast on Tuesday, January 30, 2024, at 11:00 a.m. Eastern time. Investors may participate in the webcast. By Webcast: Connect to the webcast using the Investor Relations section of Capital Southwest's websit
DALLAS, Oct. 30, 2023 (GLOBE NEWSWIRE) -- Capital Southwest Corporation ("Capital Southwest," "CSWC" or the "Company") (NASDAQ:CSWC), an internally managed business development company focused on providing flexible financing solutions to support the acquisition and growth of middle market businesses, today announced its financial results for the second fiscal quarter ended September 30, 2023. Second Quarter Fiscal Year 2024 Financial Highlights Total Investment Portfolio: $1.4 billion Credit Portfolio of $1.2 billion: 97% 1st Lien Senior Secured Debt$107.5 million in new committed credit investmentsWeighted Average Yield on Debt Investments: 13.5%Current non-accruals with a fair value of
JMP Securities downgraded Capital Southwest Corp. from Mkt Outperform to Mkt Perform
B. Riley Securities downgraded Capital Southwest Corp. from Buy to Neutral and set a new price target of $23.50
UBS initiated coverage of Capital Southwest Corp. with a rating of Neutral and set a new price target of $19.00
B. Riley Securities upgraded Capital Southwest Corp. from Neutral to Buy and set a new price target of $20.00
B. Riley Securities resumed coverage of Capital Southwest Corp. with a rating of Neutral and set a new price target of $18.00
Oppenheimer initiated coverage of Capital Southwest Corp. with a rating of Perform
Raymond James reiterated coverage of Capital Southwest with a rating of Outperform and set a new price target of $29.00 from $27.50 previously
Hovde Group initiated coverage of Capital Southwest Corp. with a rating of Outperform and set a new price target of $24.00
Raymond James reiterated coverage of Capital Southwest with a rating of Outperform and set a new price target of $20.00 from $19.00 previously
During times of turbulence and uncertainty in the markets, even when markets are at all-time highs, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high dividend payout. Benzinga readers can review the latest analyst takes on their favorite stocks by visiting our Analyst Stock Ratings page. Traders can sort through Benzinga's extensive database of analyst ratings, including by analyst accuracy. Below are the ratings of the most accurate analysts for three high-yielding stocks in the financial sector. Columbia Banking System, Inc. (NASDAQ:COLB) Dividend Yield: 7.68% Piper Sandler analyst
JMP Securities analyst Devin Ryan downgrades Capital Southwest (NASDAQ:CSWC) from Market Outperform to Market Perform.
Capital Southwest (NASDAQ:CSWC) reported quarterly earnings of $0.66 per share which beat the analyst consensus estimate of $0.65 by 1.54 percent. The company reported quarterly sales of $46.43 million which beat the analyst consensus estimate of $45.64 million by 1.73 percent. This is a 24.84 percent increase over sales of $37.19 million the same period last year.
JMP Securities analyst Kevin Fischbeck reiterates Capital Southwest (NASDAQ:CSWC) with a Market Outperform and maintains $26 price target.
B. Riley Securities analyst Bryce Rowe maintains Capital Southwest (NASDAQ:CSWC) with a Neutral and raises the price target from $23.5 to $24.
Raymond James analyst Robert Dodd maintains Capital Southwest (NASDAQ:CSWC) with a Outperform and raises the price target from $24 to $26.5.
Capital Southwest (NASDAQ:CSWC) reported its Q3 earnings results on Monday, January 29, 2024 at 04:01 PM. Here's what investors need to know about the announcement. Earnings Capital Southwest beat estimated earnings by 6.06%, reporting an EPS of $0.7 versus an estimate of $0.66. Revenue was up $15.80 million from the same period last year. Past Earnings Performance Last quarter the company beat on EPS by $0.04 which was followed by a 2.61% increase in the share price the next day. Here's a look at Capital Southwest's past performance: Quarter Q2 2024 Q1 2024 Q4 2023 Q3 2023 EPS Estimate 0.65 0.63 0.61 0.56 EPS Actual 0.69 0.65 0.65 0.62 Revenue Estimate 41.94M 38.90M 36.11M 30.47M
Capital Southwest (NASDAQ:CSWC) reported quarterly earnings of $0.70 per share which beat the analyst consensus estimate of $0.66 by 6.06 percent. This is a 12.9 percent increase over earnings of $0.62 per share from the same period last year. The company reported quarterly sales of $48.57 million which beat the analyst consensus estimate of $45.13 million by 7.61 percent. This is a 48.22 percent increase over sales of $32.77 million the same period last year.
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