The in-line quarter with stable dividend and modest NAV erosion suggests limited near-term catalyst. Monitor the upcoming 10-Q for portfolio credit quality trends, particularly the $23.4M non-accrual position, and any changes to the ATM program pace which could pressure NAV per share if continued at current levels.
Price Chart
Executive Summary
Capital Southwest reported fiscal Q1 2027 pre-tax net investment income of $0.57 per share, in line with the $0.55 consensus estimate. Total investment income was $61.0M vs. $61.1M expected, a modest miss. The company maintained its regular quarterly dividend of $0.58 and supplemental dividend of $0.06, while NAV per share dipped slightly to $16.61 from $16.69. The results are largely in line with expectations, with no major surprises to drive significant stock movement.
Key Financial Metrics
Key Facts
- Pre-tax net investment income of $0.57 per share vs. consensus $0.55 (beat by 3.6%)
- Total investment income of $61.0M vs. consensus $61.1M (miss by 0.2%)
- NAV per share declined to $16.61 from $16.69 in the prior quarter
- Regular quarterly dividend maintained at $0.58 per share; supplemental dividend of $0.06
- Portfolio non-accruals at 1.1% of fair value, up from prior quarter
- Raised $63.6M through ATM equity program during the quarter
Financial Impact
Pre-tax NII of $35.0M ($0.57/share) vs. $35.2M prior quarter; total investment income $61.0M vs. $57.8M prior quarter
Risk Factors
- Non-accruals increased to 1.1% of portfolio fair value (2.9% cost basis), signaling potential credit deterioration
- NAV per share declined for the second consecutive quarter, partly due to ATM equity issuance at premium
- Interest expense rose to $18.5M from $17.3M, pressuring net investment income growth
Market Snapshot
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3337850 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 15, 2026 11d ago | 8-K | $23.08 $22.37 | ▼ −3.08% | ▼ −2.65% | $22.78 (−1.28%) |
Oct 15, 2026 11d ago | Press Release | $23.08 $22.37 | ▼ −3.08% | ▼ −2.65% | $22.78 (−1.28%) |
Sep 10, 2026 6w ago | Press Release | $24.19 $23.42 | ▼ −3.18% | ▼ −2.96% | $22.78 (−5.81%) |
Aug 25, 2026 8w ago | DEFA14A | $25.24 $24.74 | ▼ −1.98% | ▼ −1.86% | $22.78 (−9.73%) |
Aug 21, 2026 9w ago | Institutional Cluster | $24.96 $25.47 | ▲ +2.04% | ▲ +1.57% | $22.78 (−8.72%) |
Aug 7, 2026 11w ago | 8-K | $25.14 $24.64 | ▼ −1.99% | ▼ −1.94% | $22.78 (−9.37%) |
Aug 4, 2026 11w ago | DEFA14A | $24.42 $25.11 | ▲ +2.83% | ▲ +2.47% | $22.78 (−6.70%) |
Aug 4, 2026 11w ago | DEFA14A | $24.42 $25.11 | ▲ +2.83% | ▲ +2.47% | $22.78 (−6.70%) |
Aug 3, 2026 12w ago | Press Release | $24.72 $25.05 | ▲ +1.33% | ▲ +1.43% | $22.78 (−7.83%) |
Jul 30, 2026 12w ago | DEFA14A | $23.59 $25.13 | ▲ +6.53% | ▲ +3.02% | $22.78 (−3.42%) |
US Market Status
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