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Capital Southwest Corporation (CSWC)

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
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23.88+0.28 (+1.19%)
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Short-term KST

Short-term KST

Previous Close23.60
Open23.67
Bid23.31 x 1000
Ask24.00 x 900
Day's Range23.63 - 24.08
52 Week Range10.02 - 24.08
Volume141,024
Avg. Volume178,136
Market Cap474.443M
Beta (5Y Monthly)1.27
PE Ratio (TTM)28.46
EPS (TTM)0.84
Earnings DateFeb 02, 2021
Forward Dividend & Yield1.68 (7.04%)
Ex-Dividend DateMar 12, 2021
1y Target Est20.57
Fair Value is the appropriate price for the shares of a company, based on its earnings and growth rate also interpreted as when P/E Ratio = Growth Rate. Estimated return represents the projected annual return you might expect after purchasing shares in the company and holding them over the default time horizon of 5 years, based on the EPS growth rate that we have projected.
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  • Capital Southwest Announces Appointment of New Independent Director
    GlobeNewswire

    Capital Southwest Announces Appointment of New Independent Director

    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 spent 23 years in investment management with Northwestern Mutual, most recently as Managing Director and Portfolio Manager from 2012-2019. Prior to her role in asset management, from 1990 through 1996, Ms. Rogers-Windsor developed financial underwriting standards for life and disability insurance and consulted on large cases for Northwestern Mutual, culminating in her role as Underwriting Standards Financial Officer. Ramona’s early career was with Robert W. Baird & Co., a Northwestern Mutual subsidiary, in trading and sales and at Arthur Andersen, LLP as an auditor. In March 2021, Ramona joined the Cohen & Steers Funds board and since December 2020, has served as a Board Trustee for Thomas Jefferson University in Philadelphia. Her past non-profit board experience includes Milwaukee Film from 2016 through 2019, The Girl Scouts of Milwaukee from 1987 through 1991, and University School of Milwaukee from 2004 through 2010. Ms. Rogers-Windsor holds a Bachelor of Science in Accounting from Marquette University, a U.S. CPA license and is a CFA Charterholder. “We are thrilled that Ramona will be joining the Capital Southwest Board. She has a long track record of leadership as a distinguished operating executive and will bring valuable experience, wisdom and a unique perspective that will be additive to the Capital Southwest Board. I very much look forward to her input as we continue our growth as a company,” commented Bowen Diehl, Capital Southwest’s President and Chief Executive Officer. About Capital Southwest Capital Southwest Corporation (Nasdaq: CSWC) is a Dallas, Texas-based, internally managed business development company with approximately $313 million in net assets as of December 31, 2020. Capital Southwest is a middle market lending firm focused on supporting the acquisition and growth of middle market businesses with $5 million to $25 million investments across the capital structure, including first lien, unitranche, second lien, subordinated debt and non-control equity co-investments. As a public company with a permanent capital base, Capital Southwest has the flexibility to be creative in its financing solutions and to invest to support the growth of its portfolio companies over long periods of time. Investor Relations Contact: Michael S. Sarner, Chief Financial Officer214-884-3829

  • Capital Southwest's (CSWC) Shares March Higher, Can It Continue?
    Zacks

    Capital Southwest's (CSWC) Shares March Higher, Can It Continue?

    As of late, it has definitely been a great time to be an investor in Capital Southwest (CSWC).

  • Capital Southwest Corporation Prices Public Offering of Additional $65 million of 4.50% Notes due 2026 with a Yield-to-Maturity of Approximately 4.0%
    GlobeNewswire

    Capital Southwest Corporation Prices Public Offering of Additional $65 million of 4.50% Notes due 2026 with a Yield-to-Maturity of Approximately 4.0%

    DALLAS, Feb. 22, 2021 (GLOBE NEWSWIRE) -- Capital Southwest Corporation (NASDAQ: CSWC) (“Capital Southwest” or the “Company”) is pleased to announce that it has priced an underwritten public offering of an additional $65 million in aggregate principal amount of 4.50% notes due 2026 (the “Notes”). The Notes will be issued at a price of 102.11% of the aggregate principal amount of the Notes, resulting in a yield-to-maturity of approximately 4.0%. Purchasers will be required to pay accrued and unpaid interest on the Notes from December 29, 2020 up to, but not including, the date of delivery of the Notes. On July 31, 2021, Capital Southwest will pay this pre-issuance accrued interest on the Notes to the holders of the Notes as of the applicable record date, along with interest accrued on the Notes offered hereby from the date of delivery to such interest payment date. The Notes will constitute a further issuance of, have the same terms as, rank equally in right of payment with, and be fungible and form a single series with the $75 million in aggregate principal amount of the 4.50% notes due 2026 that the Company initially issued on December 29, 2020. Upon the issuance of the Notes, the outstanding aggregate principal amount of the Company’s 4.50% notes due 2026 will be $140 million. The Notes will bear interest at a rate of 4.50% per year, payable semi-annually, will mature on January 31, 2026 and may be redeemed in whole or in part at Capital Southwest’s option at any time prior to October 31, 2025, at par plus a “make-whole” premium, and thereafter at par. The offering is subject to customary closing conditions and is expected to close on February 25, 2021. Capital Southwest intends to use the net proceeds from this offering to repay the outstanding indebtedness under its credit facility. However, through re-borrowings under its credit facility, Capital Southwest intends to make investments in lower middle market and upper middle market portfolio companies in accordance with its investment objective and strategies, and for other general corporate purposes, including payment of operating expenses. As of February 19, 2021, Capital Southwest had $173.0 million of indebtedness outstanding under its credit facility. The credit facility matures on December 21, 2023, and borrowings under the credit facility currently bear interest on a per annum basis equal to LIBOR plus 2.50%. Raymond James & Associates, Inc. is acting as sole underwriter for this offering. Investors should carefully consider, among other things, Capital Southwest’s investment objective and strategies and the risks related to Capital Southwest and the offering before investing. The pricing term sheet dated February 22, 2021, the preliminary prospectus supplement dated February 22, 2021, and the accompanying prospectus dated August 15, 2019, each of which has been filed with the Securities and Exchange Commission (the “SEC”), contain this and other information about Capital Southwest and should be read carefully before investing. A shelf registration statement relating to these securities is on file with and has been declared effective by the SEC. The offering may be made only by means of a preliminary prospectus supplement and an accompanying prospectus, copies of which may be obtained, when available, for free by visiting the SEC’s website at www.sec.gov or from Raymond James & Associates, Inc., 880 Carillon Parkway, St. Petersburg, Florida 33716, by email: prospectus@raymondjames.com or by calling: 1-800-248-8863. The information in the pricing term sheet, the preliminary prospectus supplement, the accompanying prospectus and this press release is not complete and may be changed. The pricing term sheet, the preliminary prospectus supplement, the accompanying prospectus and this press release do not constitute offers to sell or the solicitation of offers to buy, nor will there be any sale of the Notes referred to in this press release, in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of such state or jurisdiction. ABOUT CAPITAL SOUTHWEST Capital Southwest Corporation is a Dallas, Texas-based, internally managed Business Development Company, with approximately $313 million in net assets as of December 31, 2020. Capital Southwest is a middle-market lending firm focused on supporting the acquisition and growth of middle market businesses and makes investments ranging from $5 to $20 million in securities across the capital structure, including first lien, unitranche, second lien, subordinated debt, and non-control equity co-investments. As a public company with a permanent capital base, Capital Southwest has the flexibility to be creative in its financing solutions and to invest to support the growth of its portfolio companies over long periods of time. FORWARD-LOOKING STATEMENTS This press release may contain certain forward-looking statements within the meaning of the federal securities laws, including statements with regard to Capital Southwest’s notes offering, the expected net proceeds from the offering and the anticipated use of the net proceeds of the offering. These statements are often, but not always, made through the use of word or phrases such as “will,” “may,” “could,” “expect,” and similar expressions and variations or negatives of these words. These statements are based on management’s current expectations, assumptions, and beliefs. They are not guarantees of future results and are subject to numerous risks, uncertainties, and assumptions that could cause actual results to differ materially from those expressed in any forward-looking statement. These risks include risks identified in Capital Southwest’s filings with the SEC and risks related to, among other things: changes in the markets in which Capital Southwest invests; changes in the financial, capital, and lending markets; regulatory changes; tax treatment and general economic and business conditions; uncertainties associated with the impact from the COVID-19 pandemic, including its impact on the global and U.S. capital markets and the global and U.S. economy, the length and duration of the COVID-19 outbreak in the United States as well as worldwide and the magnitude of the economic impact of that outbreak; and the effect of the COVID-19 pandemic on our business prospects and the operational and financial performance of our portfolio companies, including our ability and their ability to achieve our respective objectives, and the effects of the disruptions caused by the COVID-19 pandemic on our ability to continue to effectively manage our business. Readers should not place undue reliance on any forward-looking statements and are encouraged to review Capital Southwest’s registration statement and other SEC filings for a more complete discussion of the risks and other factors that could affect any forward-looking statements. Except as required by the federal securities laws, Capital Southwest does not undertake any obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, changing circumstances or any other reason after the date of this press release. CONTACT: Michael S. Sarner, Chief Financial Officer msarner@capitalsouthwest.com 214-884-3829