Capital Southwest (CSWC) Shares Outstanding: History & Chart

Capital Southwest Corporation(CSWC)

Asset Management · Dallas, TX

$23.67+0.10 (+0.42%)

Delayed quote: Oct 6, 2026, 4:00 PM EDT

About Capital Southwest Corporation

Capital Southwest Corporation operates as a business development company (BDC), specializing in credit, private equity, and venture capital investments focused on middle market companies throughout the United States. The firm engages across various investment stages, including mezzanine financing, later-stage and mature businesses, late venture, emerging growth enterprises, buyouts, recapitalizations, and growth capital funding. The company explicitly refrains from investing in startups, publicly traded entities, real estate developments, project finance opportunities, oil and gas exploration ventures, troubled companies, turnaround situations, or businesses facing significant departures of senior management. Within the lower middle market, Capital Southwest provides capital for growth initiatives, bolt-on and new platform acquisitions, refinancing, dividend recapitalizations, and both sponsor-led and management buyouts. Its investment structures are diverse, encompassing Unitranche debt, subordinated debt, senior debt, first and second lien debt, alongside preferred and common equity. The firm also participates in equity co-investments alongside its debt financing, taking non-controlling stakes up to 20% of the total transaction value. Investment criteria for target companies include revenues exceeding $10 million, consistent profitability, and a historical annual growth rate of at least 15%. For lower middle market opportunities, the firm typically seeks businesses with less than $15 million in EBITDA, while also opportunistically considering upper middle market ventures, generally defined as companies with EBITDA greater than $50 million. Capital Southwest strategically focuses its investments within several key industry sectors: Industrial manufacturing and services Value-added distribution Healthcare products and services Business services Specialty chemicals Food and beverage Tech-enabled services and SaaS models More specifically, the firm seeks opportunities in: Energy services and products: This segment includes all industry facets (upstream, midstream, downstream) with the exclusion of direct exploration and production. Focus areas encompass differentiated products and services, equipment and tool rentals, consumable products, and drilling and completion chemicals. Industrial technologies: Covering automation and process controls, handling and packaging equipment, industrial filtration and fluid handling, measurement, monitoring, and testing solutions, professional tools, and sensors and instrumentation. Specialty chemicals and products: This segment targets businesses involved in the development and manufacture of highly differentiated products such as adhesives, coatings, sealants, catalysts, absorbents, cosmeceuticals, fine chemicals, flavors, fragrances, performance lubricants, polymers, plastics, composites, chemical dispensing and filtration equipment, professional and industrial trade consumables and tools, engineered solutions for HVAC, plumbing, and electrical installations, and specified high-performance materials for fire protection and oilfield applications. Additionally, the firm considers exceptional opportunities within building products. Beyond direct investments, Capital Southwest allocates capital to syndicated first and second lien term loans in the upper middle market. The criteria for these syndicated loans include: First Lien: Companies with EBITDA over $30 million, closing leverage exceeding 4x, an investment hold size between $5 million and $7 million, and an investment yield greater than 6.5%. Second Lien: Companies with EBITDA surpassing $50 million, closing leverage above 6x, an investment hold size between $5 million and $7 million, and an investment yield exceeding 9%. The firm's investment sizes typically range from $5 million to $25 million for securities generally. Specifically, equity investments can range from $5 million to $50 million, while debt investments typically fall between $5 million and $20 million. Co-investment transaction sizes can extend up to $40 million. While its equity co-investments are exclusively non-controlling, the firm generally maintains flexibility in taking both majority and minority positions across its investment portfolio. Capital Southwest has the capacity to hold investments for extended periods and may also utilize warrants as an investment mechanism. The firm prioritizes obtaining Board representation in its portfolio companies. Capital Southwest Corporation was established on April 19, 1961, and is headquartered in Dallas, Texas.

Dallas, TX

36 employees

www.capitalsouthwest.com

Financial Services / Asset Management

Sector: Financial Services
Industry: Asset Management
CEO: Michael Scott Sarner

View full financials

Statement period	Period end	Weighted average basic shares	Weighted average diluted shares
Q1 FY2027	2026-06-30	61,141,741	70,505,458
Q4 FY2026	2026-03-31	57,778,000	62,452,000
Q3 FY2026	2025-12-31	57,530,942	66,842,796
Q2 FY2026	2025-09-30	55,544,095	64,830,413
Q1 FY2026	2025-06-30	53,517,000	62,777,000
Q4 FY2025	2025-03-31	47,448,093	51,187,714
Q3 FY2025	2024-12-31	48,315,000	54,122,000
Q2 FY2025	2024-09-30	47,243,000	47,243,000
Q1 FY2025	2024-06-30

Statement period	Period end	Weighted average basic shares	Weighted average diluted shares
2026	2026-03-31	56,529,604	65,828,805
2025	2025-03-31	47,448,093	51,187,714
2024	2024-03-31	40,727,133	40,727,133
2023	2023-03-31	30,015,533	30,015,533
2022	2022-03-31	22,839,835	22,839,835
2021	2021-03-31	19,060,131	19,060,131
2020	2020-03-31	17,999,836	17,999,836
2019	2019-03-31	16,727,254	16,734,369
2018	2018-03-31	16,073,642

Shares Outstanding: 62,140,700

Latest FMP share-count observation

CSWC Weighted Average Basic Shares

CSWC Weighted Average Diluted Shares

Weighted-average shares by quarterly statement

Weighted-average shares by annual statement