Capital Southwest Corporation’s shares reached a 52-week high of $25.38 on Wednesday, extending a rally that has delivered a 24.77% total return over the past year.
The mid-cap specialty lender reported first-quarter fiscal 2027 earnings that topped analyst expectations, with adjusted earnings per share of $0.58 compared with a forecast of $0.5647. Revenue for the period totaled $61.05 million, falling short of the anticipated $61.42 million.
The company also announced an expansion of its at-the-market equity offering program, increasing the potential issuance capacity to $2 billion. RBC Capital Markets was added as a sales agent under the program, according to a filing with the U.S. Securities and Exchange Commission.
Citizens Securities maintained its Market Outperform rating on CSWC shares and raised its price target to $26.00 from $25.00. The firm cited a higher price target multiple linked to a forward net asset value estimate of approximately $17.18.
CSWC’s stock is trading at a P/E ratio of 14 and carries a dividend yield of 13.23%, based on InvestingPro data. The company’s market capitalization stands at $1.61 billion.
