Capital Southwest Corp. has a market cap of $346.3 million; its shares were traded at around $92.54 with and P/S ratio of 24.7. The dividend yield of Capital Southwest Corp. stocks is 0.8%. Capital Southwest Corp. had an annual average earning growth of 15.3% over the past 10 years. GuruFocus rated Capital Southwest Corp. the business predictability rank of 2.5-star.CSWC is in the portfolios of Third Avenue Management, Martin Whitman of Third Avenue Value Fund, Ian Cumming of Leucadia National, Kenneth Fisher of Fisher Asset Management, LLC, Jim Simons of Renaissance Technologies LLC.
Highlight of Business Operations:The 12 largest investments we own had a combined cost of $33,542,228 and a value of $431,648,323, representing 90.3% of the value of our consolidated investment portfolio at March 31, 2010. For a narrative description of the 12 largest investments, see "Twelve Largest Investments - March 31, 2010" in Exhibit 13.1 of this Form 10-K which is herein incorporated by reference. Certain of the information presented on the 12 largest investments has been obtained from the respective companies and, in certain cases, from public filings of such companies. The financial information presented on each of the respective companies is from such companies' audited financial statements.
Under present SBIC regulations, eligible small businesses generally include businesses that (together with their affiliates) have a tangible net worth not exceeding $18 million and have average annual net income after federal income taxes not exceeding $6 million (average net income to be computed without benefit of any carryover loss) for the two most recent fiscal years. In addition, an SBIC must devote 20% of its investment activity to "smaller" concerns as defined by the SBA. A smaller concern generally includes businesses that have a tangible net worth not exceeding $6 million and have average annual net income after federal income taxes not exceeding $2 million (average net income to be computed without benefit of any net carryover loss) for the two most recent fiscal years. SBIC regulations also provide alternative size standard criteria to determine eligibility for designation as an eligible small business or smaller concern, which criteria depend on the primary industry in which the business is engaged and are based on such factors as the number of employees and gross revenue. However, once a SBIC has invested in a company, it may continue to make follow on investments in the company, regardless of the size of the portfolio company at the time of the follow on investment, up to the time of the portfolio company s initial public offering.
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