Capital Southwest Stock Price, News & Analysis

Capital Southwest Corporation (CSWC) reported a pre-tax net investment income of $0.44 per share for the second fiscal quarter ended September 30, 2020. The total investment portfolio stands at $631.2 million, with a significant 10.3% weighted average yield on debt investments. The company declared total dividends of $0.51 per share, covering 103% of its last twelve months pre-tax NII. The company's net asset value (NAV) per share increased from $14.95 to $15.36, driven by a net appreciation of $8.4 million in its portfolio.

Capital Southwest Corporation (Nasdaq: CSWC) announced its support for Cohere Capital's investment in Sonobi, Inc., providing a first lien term loan and equity co-investment. Capital Southwest led the financing and will serve as the sole administrative agent on the credit facility. This partnership enhances Sonobi's role in the digital advertising ecosystem, enabling advertisers to access over 125 million people without cookies. Capital Southwest, backed by approximately $278 million in net assets as of June 30, 2020, continues to focus on flexible financing solutions for middle market businesses.

Capital Southwest Corporation (Nasdaq: CSWC) has announced it will release its Q2 2021 financial results on October 30, 2020, post-market closure. A conference call is scheduled for November 2, 2020, at 11:00 a.m. ET, allowing investors to participate via phone or webcast. The company, focused on providing financing solutions for middle-market businesses, reported approximately $278 million in net assets as of June 30, 2020. The call will review financial performance and forecasts amidst ongoing economic challenges, including the impacts of the COVID-19 pandemic.

Capital Southwest Corporation (CSWC) announced its support for Align Capital Partners' acquisition of Electronic Transaction Consultants Corporation (ETC) from Atlantia SpA. The deal includes a revolver, first lien term loan, and equity co-investment, with Capital Southwest acting as the administrative agent. ETC, based in Texas, provides electronic tolling technology and smart mobility solutions, leveraging AI and big data. This strategic partnership aims to enhance ETC's technology investments and market position.

Capital Southwest Corporation (NASDAQ: CSWC) has announced a $50 million underwritten public offering of additional 5.375% notes due 2024, priced at 100% of the principal amount. This issuance increases the total outstanding 5.375% notes due 2024 to $125 million. Proceeds will be used to repay debt under its credit facility, currently at $197 million, with plans for further investments in lower and upper middle market portfolio companies, marketable securities, and general corporate purposes. The offering is expected to close on August 17, 2020.

Capital Southwest (CSWC) announced its support for Vertex Business Services' acquisition of WaterSmart through first lien financing and equity co-investment. This acquisition enhances VertexOne's offerings to smaller water utilities, serving approximately 150 customers across 33 states. Capital Southwest acts as the administrative agent on the credit facility, with East West Bank providing additional financing. As of June 30, 2020, Capital Southwest reported around $278 million in net assets, focusing on middle market investments from $5 million to $25 million.

Capital Southwest Corporation (Nasdaq: CSWC) announced it received a 'green light' letter from the U.S. Small Business Administration (SBA) to apply for a Small Business Investment Company (SBIC) license. This license could allow the company to issue up to $175 million in SBA-guaranteed debentures, enhancing its long-term capital options. The CEO emphasized that this step aligns with Capital Southwest's goal to support underserved markets. However, the green light does not guarantee that the SBA will grant the license, and there's no timeline provided for the decision.

Capital Southwest Corporation (CSWC) announces the release of its first quarter 2021 results on August 3, 2020, post-market close. A conference call will follow on August 4, 2020, at 11:00 a.m. Eastern Time for investors to discuss these results. The company focuses on flexible financing for middle market businesses, boasting approximately $272 million in net assets as of March 31, 2020. The earnings release will provide insights into its performance and future outlook.

Capital Southwest Corporation (Nasdaq: CSWC) has transitioned its 2020 Annual Meeting of Shareholders to a virtual format due to COVID-19 concerns. Scheduled for July 29, 2020, at 9:00 a.m. Dallas time, shareholders can participate online using their control number from proxy materials. The company urges shareholders to vote ahead of the meeting. As of March 31, 2020, Capital Southwest reported approximately $272 million in net assets, focusing on investments between $5 million to $25 million in middle-market businesses.