Capital Southwest Corp (CSWC) released its fourth quarter results on Wednesday, May 26, 2021. The company reported net earnings of $0.50 per share for the fourth quarter ending March 31, 2021. Earnings for this past quarter were up 136 percent compared to the same period a year ago.
Within industrial technologies, it seeks to invest in automation and process controls, handling and packaging equipment, industrial filtration and fluid handling, measurement, monitoring and testing, professional tools, and sensors and instrumentation. Capital Southwest Corporation is a business development company specializing in credit and private equity and venture capital investments in middle market companies, mezzanine, later stage, mature, late venture, emerging growth, buyouts, recapitalizations and growth capital investments.
Capital Southwest's revenue decreased 43 percent over the past trailing twelve-month period versus the previous twelve-month period. Gross margins decreased to 100.0% for the fourth quarter compared to the same period in the previous year, and operating margins increased to 103.85% over the same period. Net earnings for past trailing twelve months were $51.27 million, up 329% from the prior year.
Moving on to the balance sheet, Capital Southwest's cash levels jumped 130% for the fourth quarter over the same period last year. Overall liquidity of the balance sheet, as measured by the current ratio, decreased nan% this past year. The current ratio for Capital Southwest now stands at nan. The company increased shares outstanding by 16.71%.
Shares of CSWC are currently trading around $26.33. In terms of valuation, the stock is trading at a trailing twelve-month price to earnings ratio of 9.83 and price to book ratio of 1.5.