Capital Southwest Q1 FY2027: Pre-Tax NII of $0.57/Share, NAV of $16.61, and $63.6M Raised via ATM
CSWC sits 24% above its 52-week low of $19.37.
Summary
Capital Southwest posted Q1 FY2027 pre-tax NII of $0.57 per share and NAV of $16.61, while raising $63.6 million through its ATM program at a premium to NAV. The portfolio grew to $2.2 billion with strong credit quality.
Key Events · Earnings and Guidance · CSWC
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Q1 FY2027 Earnings
Pre-tax net investment income came in at $35.0 million, or $0.57 per share, compared with $35.2 million in the prior quarter. Total investment income rose to $61.0 million from $57.8 million.
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NAV and Portfolio Growth
Net asset value per share edged down to $16.61 from $16.69, largely reflecting net realized and unrealized losses of $10.9 million and restricted stock grants, partially offset by equity issuance at a premium. The total investment portfolio at fair value reached $2.2 billion.
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ATM Equity Issuance
The company raised $63.6 million in gross proceeds by selling 2.7 million shares at a weighted-average price of $23.47 per share, a 41% premium to NAV. Under the $2.0 billion ATM program, $1.07 billion remains available.
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Dividend Declaration
A regular quarterly dividend of $0.58 per share and a supplemental dividend of $0.06 per share were declared for the quarter ending September 30, 2026, consistent with prior quarters.
Analysis · CSWC · Unknown
Solid Q1 results underscore Capital Southwest's earnings power, with pre-tax net investment income of $0.57 per share fully covering the $0.58 regular dividend. The company strengthened its capital base by raising $63.6 million in equity through its ATM program at a premium to NAV, while maintaining a conservative 0.91x regulatory debt-to-equity ratio. The portfolio expanded to $2.2 billion, anchored by 99% first-lien senior secured debt, and credit quality held firm with only 1.1% of investments on non-accrual. Net realized and unrealized depreciation of $10.9 million weighed on NAV, but the quarter overall demonstrates prudent capital management and sustained earnings momentum.
How filings like this one have moved
In the 30 days to Oct 27, 2026, 29.9% of the 1374 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.12%. These are measured outcomes after filings of this importance, not a forecast for this one.
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At the time of this filing, CSWC was trading at $23.94 on NASDAQ in the Unknown sector, with a market capitalization of approximately $1.5B. The 52-week trading range was $19.37 to $24.43. This filing was assessed with neutral market sentiment and an importance score of 7 out of 10.