CSWC

DALLAS, May 27, 2026 (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, is pleased to announce that its Board of Directors has declared a quarterly regular dividend of $0.58 per share, of which $0.1934 per share will be paid monthly for each of July, August, and September 2026, and a quarterly supplemental dividend of $0.06 per share payable in September 2026, each of which is detailed in the table below. The Company’s regular quarterly dividend for the quarter ending September 30, 2026 will be payable as follows: The Company’s quarterly supplemental dividend for the quarter ending September 30, 2026 will be payable as follows: When declaring dividends, the Board of Directors reviews estimates of taxable income available for distribution, which may differ from net investment income under generally accepted accounting principles. The final determination of taxable income for each year, as well as the tax attributes for dividends in such year, will be made after the close of the tax year. Capital Southwest maintains a dividend reinvestment plan ("DRIP") that provides for the reinvestment of dividends on behalf of its registered stockholders who hold their shares with Capital Southwest’s transfer agent and registrar, Equiniti Trust Company. Under the DRIP, if the Company declares a dividend, registered stockholders who have opted in to the DRIP by the dividend record date will have their dividend automatically reinvested into additional shares of Capital Southwest’s common stock. About Capital Southwest Capital Southwest Corporation (Nasdaq: CSWC) is a Dallas, Texas-based, internally managed business development company with approximately $2.1 billion in investments at fair value as of March 31, 2026. Capital Southwest is a middle market lending firm focused on supporting the acquisition and growth of middle market businesses with $5 million to $50 million investments across the capital structure, including first lien, second lien 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 por...

Capital Southwest (CSWC) said late Wednesday it will pay a quarterly dividend of $0.58 per share, of

Track your investments for FREE with Simply Wall St, the portfolio command center trusted by over 7 million individual investors worldwide. Capital Southwest (CSWC) just closed fiscal 2026 with higher investment income and net income, backed by portfolio growth, low non accruals, solid liquidity, and continued regular plus supplemental dividends. See our latest analysis for Capital Southwest. Despite the latest earnings headline, the stock has eased back recently. The 30 day share price return is down 3%, even though the year to date share price return is up 5.74% and the 1 year total shareholder return is 26.03%, which points to longer term momentum still holding up. If you are looking beyond business development companies and want fresh ideas, now could be a good time to scan 19 top founder-led companies With fiscal 2026 in the books, CSWC now trades at US$23.57, only about 6% below the average analyst price target of US$24.90 and at a reported premium to intrinsic value. This raises the question of whether this is a genuine entry point or whether the market is already pricing in future growth. At a last close of $23.57 against a narrative fair value of $24.80, Capital Southwest is framed as modestly undervalued, with that view built on specific growth, margin and discount rate assumptions. Read the complete narrative. Curious what earnings path and margin profile need to hold for this fair value to stack up? The popular narrative leans on compound growth forecasts, richer profitability and a precise required return to bridge today’s price to that $24.80 mark. Result: Fair Value of $24.80 (UNDERVALUED) Have a read of the narrative in full and understand what's behind the forecasts. However, this hinges on loan spreads and credit conditions not tightening further, and on equity issuance and co investment gains not diluting per share outcomes. Find out about the key risks to this Capital Southwest narrative. While the narrative fair value of $24.80 suggests Capital Southwest is about 5% undervalued, the current P/E of 12.5x looks expensive next to peers at 5.8x and even slightly above a 12x fair ratio. That gap points to less margin for error if growth or margins disappoint. Is the premium worth paying? See what the numbers say about this price — find out in our valuation breakdown. With mixed signals on valuation and sentiment, this is a moment to move quic...

Image source: The Motley Fool. Thursday, May 14, 2026 at 11 a.m. ET President and Chief Executive Officer — Michael Sarner Chief Investment Officer — Josh Weinstein Chief Financial Officer — Chris Rehberger Michael Sarner: Thanks, Amy, and thank you, everyone, for joining us for our fourth quarter fiscal year 2026 earnings call. We're pleased to be with you today to discuss our fourth fiscal quarter and the 2026 fiscal year. Overall, 2026 was an outstanding year for Capital Southwest by any measure. During the year, we grew our investment portfolio by approximately $300 million or 17% from $1.8 billion to $2.1 billion. Deal activity was robust with $762 million in new committed investment originations. Additionally, we grew investment income by $28 million or 14% from $204 million to $232 million. And despite a backdrop of pronounced volatility, we preserved the value of our portfolio. NAV per share closed the year at $16.69, essentially unchanged from $16.70 in the prior year, underscoring the resilience of our platform and the durability of our underwriting. As a result of our consistent investment strategy and strong operating performance, we've delivered an industry-leading 40% return on equity for our shareholders during fiscal year 2026. Despite relentless market disruptions this year from Liberation Day to the private credit contagion to the conflicts in Iran, we continued to execute with consistency. The market has recognized that stability and our stock performance reflects the value of our approach. The quality of our debt portfolio remains strong, reflected in a weighted average leverage of 3.6x, weighted average interest coverage of 3.5x and nonaccruals of 1.1% at fair value, down from 1.7% in the prior year. During the quarter, we saw improved performance across our watch list with seven companies demonstrating meaningful progress and two removed from the watch list following a return to plan. We attribute much of this improvement to our portfolio operations group, which works closely with our deal teams on credits that require additional support. This team is driving tangible value at the portfolio level, which in turn contributes to stronger overall performance and enhanced long-term shareholder value. Additionally, our equity portfolio continues to perform well with net unrealized appreciation of $37.8 million or $0.62 per share as of the end...

This article first appeared on GuruFocus. Investment Portfolio Growth: Increased by $300 million, or 17%, from $1.8 billion to $2.1 billion. New Committed Investment Originations: $762 million. Investment Income: Grew by $28 million, or 14%, from $204 million to $232 million. NAV per Share: Closed the year at $16.69, slightly down from $16.70 in the prior year. Return on Equity: 40% for fiscal year 2026. Debt Portfolio Leverage: Weighted average leverage of 3.6 times. Interest Coverage: Weighted average interest coverage of 3.5 times. Non-Accruals: 1.1% at fair value, down from 1.7% in the prior year. Net Unrealized Appreciation: $37.8 million, or $0.62 per share. Undistributed Taxable Income (UTI): $1.07 per share. Realized Gains from Equity Exits: $36.9 million over the last 12 months. New Debt Capital Commitments: Over $465 million raised. Gross Equity Proceeds: Over $160 million raised through ATM program. Pre-Tax Net Investment Income: $35.2 million, or $0.59 per share for the quarter. Total Investment Income: $57.8 million for the quarter. Regular and Supplemental Dividends: $0.58 per share regular dividend and $0.06 per share supplemental dividend. Operating Leverage: Ended the quarter at 1.4%, improved from 1.7% in the prior quarter. Liquidity Position: Approximately $394 million in cash and undrawn leverage commitments. Regulatory Leverage: 0.9 to 1 debt-to-equity. Warning! GuruFocus has detected 4 Warning Signs with CSWC. Is CSWC fairly valued? Test your thesis with our free DCF calculator. Release Date: May 14, 2026 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Capital Southwest Corp (NASDAQ:CSWC) grew its investment portfolio by approximately $300 million, or 17%, from $1.8 billion to $2.1 billion during fiscal year 2026. The company achieved a 40% return on equity for shareholders, demonstrating strong operating performance and investment strategy. CSWC's debt portfolio remains strong with a weighted average leverage of 3.6 times and non-accruals reduced to 1.1% at fair value. The equity portfolio showed net unrealized appreciation of $37.8 million, with expectations of realizing gains in fiscal year 2027. CSWC raised over $465 million in new debt capital commitments and $160 million in gross equity proceeds, enhancing its capital structure and liquidity. Net Asset Value (NAV) per share slig...

Interested in Capital Southwest Corporation? Here are five stocks we like better. Capital Southwest posted a strong fiscal 2026, growing its investment portfolio 17% to $2.1 billion and boosting investment income 14% to $232 million. Net asset value per share was essentially flat year over year at $16.69, and the company said it delivered a 40% return on equity. Credit quality remained solid, with non-accruals falling to 1.1% of fair value and 99% of the credit portfolio still in first-lien senior secured debt at quarter-end. Management also said watch-list performance improved and several troubled companies made meaningful progress. The company continued to support its dividend program with strong liquidity and capital raising, ending the quarter with about $394 million in liquidity and leverage at 0.9x, within its target range. Capital Southwest maintained its regular and supplemental dividends and said it remains confident in future supplemental payouts, supported by UTI and equity gains. Capital Southwest (NASDAQ:CSWC) reported what management described as an “outstanding” fiscal 2026, highlighting portfolio growth, stable net asset value, strong dividend coverage and continued diversification of funding sources despite a volatile market backdrop. President and Chief Executive Officer Michael Sarner said the business development company grew its investment portfolio by approximately $300 million, or 17%, during the fiscal year, from $1.8 billion to $2.1 billion. New committed investment originations totaled $762 million for the year, while investment income increased $28 million, or 14%, to $232 million from $204 million. → Rocket Lab Just Hit a New All-Time High—Time to Buy or Let It Breathe? Sarner said net asset value per share ended the year at $16.69, essentially unchanged from $16.70 a year earlier. He said that result underscored “the resilience of our platform and the durability of our underwriting.” He also said the company delivered a 40% return on equity for shareholders during fiscal 2026. Management emphasized the credit profile of Capital Southwest’s portfolio, with Sarner citing weighted average leverage of 3.6 times, weighted average interest coverage of 3.5 times and non-accruals of 1.1% at fair value, down from 1.7% in the prior year. → MP Materials Is Quietly Building a Rare Earth Powerhouse Sarner said performance improved across the...

Capital Southwest (CSWC) came out with quarterly earnings of $0.57 per share, beating the Zacks Consensus Estimate of $0.56 per share. This compares to earnings of $0.54 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +1.19%. A quarter ago, it was expected that this business development company would post earnings of $0.64 per share when it actually produced earnings of $0.64, delivering no surprise. Over the last four quarters, the company has surpassed consensus EPS estimates just once. Capital Southwest, which belongs to the Zacks Financial - Investment Management industry, posted revenues of $57.77 million for the quarter ended March 2026, missing the Zacks Consensus Estimate by 4.43%. This compares to year-ago revenues of $52.41 million. The company has topped consensus revenue estimates three times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Capital Southwest shares have added about 7.4% since the beginning of the year versus the S&P 500's gain of 8.1%. While Capital Southwest has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Capital Southwest was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the co...

Business development company Capital Southwest (NASDAQ:CSWC) will be reporting earnings this Wednesday after market hours. Here’s what you need to know. Capital Southwest beat analysts’ revenue expectations last quarter, reporting revenues of $61.45 million, up 18.2% year on year. It was a very strong quarter for the company, with a solid beat of analysts’ revenue and EPS estimates. Is Capital Southwest a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members. This quarter, the market is expecting Capital Southwest’s revenue to grow 18.6% year on year, improving from the 12.9% increase it recorded in the same quarter last year. Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Capital Southwest has missed Wall Street’s revenue estimates multiple times over the last two years. Looking at Capital Southwest’s peers in the specialty finance segment, some have already reported their Q1 results, giving us a hint as to what we can expect. Encore Capital Group delivered year-on-year revenue growth of 21%, beating analysts’ expectations by 6.5%, and HA Sustainable Infrastructure Capital reported revenues up 31.3%, topping estimates by 43.8%. Encore Capital Group traded down 2.4% following the results while HA Sustainable Infrastructure Capital was also down 3.3%. Read our full analysis of Encore Capital Group’s results here and HA Sustainable Infrastructure Capital’s results here. There has been positive sentiment among investors in the specialty finance segment, with share prices up 2.4% on average over the last month. Capital Southwest is up 2.4% during the same time and is heading into earnings with an average analyst price target of $24.80 (compared to the current share price of $23.68). ONE MORE THING: The $21 AI Application Stock Wall Street Forgot. While Wall Street obsesses over who’s building AI, one company is already using it to print money. And nobody’s paying attention. AI chip stocks trade at ridiculous valuations. This company processes a trillion consumer signals monthly using AI and trades at a third of the price. The gap won’t last. The institutions will figure it out. You need to see this first. Read the FREE Report Before They Notice.

Our analysts just identified a stock with the potential to be the next Nvidia. Tell us how you invest and we'll show you why it's our #1 pick. Tap here. Performance was driven by robust deal activity in the lower middle market, with the investment portfolio growing 17% to $2.1 billion despite significant macro volatility. Management attributes portfolio resilience to a disciplined focus on first-lien senior secured loans, maintaining a conservative 3.6x weighted average leverage and 3.5x interest coverage. The lower middle market is viewed as a more stable transaction environment compared to the broader market, as founder-driven catalysts like succession planning are less sensitive to macro sentiment. Strategic investment in a dedicated portfolio operations group has successfully improved watch list performance, with seven companies showing meaningful progress and two returning to plan. The company maintains a disciplined 1.5% deal close rate, prioritizing pricing and structure over volume as the market continues to reprice risk. Equity co-investments are a core strategic pillar, providing upside through operational improvements and M&A at the portfolio company level, resulting in $37.8 million in unrealized appreciation. Management expects to harvest a portion of the $0.62 per share in equity appreciation as realized gains in fiscal year 2027 to support future dividend distributions. The CapTrin Partners joint venture is projected to reach a 13% to 14% return once fully ramped, with a target of originating $30 million to $40 million per quarter over the next 18 to 24 months. Operating leverage is expected to stabilize in the 1.4% to 1.5% range even as the company adds seven new employees to support increased deal flow. The company intends to distribute its $1.07 per share undistributed taxable income (UTI) balance to shareholders over time through continued supplemental dividends. Diversified capital sources by raising over $465 million in new debt commitments and $160 million in equity via the ATM program at a premium to NAV. Non-accruals decreased to 1.1% at fair value, down from 1.7% in the prior year, reflecting improved credit quality across the portfolio. The decline in NAV per share from $16.75 to $16.69 was primarily driven by market multiple compression and a specific write-down on one watch list company. Maintained a prudent regulatory leverage cu...

DALLAS, May 13, 2026 (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 ended March 31, 2026. Fourth Quarter Fiscal Year 2026 Financial Highlights Total Investment Portfolio: $2.1 billion Credit Portfolio of $1.9 billion 99% 1st Lien Senior Secured Debt $155.3 million in new committed credit investments during the quarter Weighted Average Yield on Debt Investments: 10.8% Current non-accruals with a fair value of $22.7 million, representing 1.1% of the total investment portfolio Equity Portfolio of $181.0 million $2.4 million in new equity co-investments during the quarter Pre-Tax Net Investment Income: $35.2 million, or $0.59 per weighted average common share outstanding Estimated Undistributed Taxable Income ("UTI"): $1.07 per share as of March 31, 2026 LTM Operating Leverage: 1.4% as of March 31, 2026 Dividends: Paid Total Dividends for the quarter ended March 31, 2026 of $0.64 Paid $0.58 per share Regular Quarterly Dividend ($0.1934 per share in each of January, February and March 2026) Paid $0.06 per share Supplemental Quarterly Dividend in March 2026 Net Realized and Unrealized Depreciation: $7.1 million, or 0.3% of total investments at fair value $0.1 million of net appreciation related to the equity portfolio $7.9 million of net depreciation related to the credit portfolio $0.7 million net realized and unrealized income tax benefit Balance Sheet: Cash and Cash Equivalents: $29.0 million Total Net Assets: $1,011.0 million Net Asset Value (“NAV”) per Share: $16.69 Fiscal Year 2026 Financial Highlights Total Investment Portfolio: Increased by $312.1 million in total fair value, from $1.8 billion to $2.1 billion, representing 17% growth during the year Credit Portfolio increased by $310.6 million, representing 19% growth during the year Investment Income: $232.1 million for the year ended March 31, 2026, representing a $27.7 million, or 13.5% increase, as compared to the year ended March 31, 2025 Operating Leverage: Decreased to 1.4% as of March 31, 2026 as compared to 1.7% as of March 31, 2025 Dividends: Declared and paid total dividends of $2.56 per share $2.32...

Capital Southwest (CSWC) reported fiscal Q4 pre-tax net investment income late Wednesday of $0.59 pe

DALLAS (AP) — DALLAS (AP) — Capital Southwest Corp. (CSWC) on Wednesday reported fiscal fourth-quarter profit of $27.5 million. On a per-share basis, the Dallas-based company said it had profit of 44 cents. Earnings, adjusted for investment costs, were 57 cents per share. The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 56 cents per share. The business development company posted revenue of $57.8 million in the period, which missed Street forecasts. Three analysts surveyed by Zacks expected $60.4 million. For the year, the company reported profit of $113 million, or $1.90 per share. Revenue was reported as $232.1 million. _____ This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CSWC at https://www.zacks.com/ap/CSWC