Capital Southwest Pre-Announces Q2 NII of $0.58-$0.59, NAV Steady at $16.62-$16.67
CSWC sits 17% above its 52-week low of $19.91.
Summary
Capital Southwest pre-announced Q2 FY2027 pre-tax net investment income of $0.58-$0.59 per share and net investment income of $0.56-$0.57 per share, with NAV per share estimated at $16.62-$16.67 as of September 30. The pre-tax NII estimate is up from the $0.57 per share reported for Q1 FY2027, and NAV is essentially flat versus the $16.61 reported last quarter. The company also set its final Q2 results release for November 2 after the close, with a conference call on November 3. The modest sequential NII improvement and stable NAV suggest the portfolio is holding up despite the convertible noteholder dispute disclosed in the August 10-Q. Final results on November 2 will confirm whether the preliminary figures hold and provide detail on the legal dispute's impact.
At the time of this announcement, CSWC was trading at $23.23 on NASDAQ in the Finance sector, with a market capitalization of approximately $1.5B. The 52-week trading range was $19.91 to $25.75. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: GlobeNewswire.