Creative Planning Purchases 452 Shares of Capital Southwest Co. (NASDAQ:CSWC)

Creative Planning raised its position in Capital Southwest Co. (NASDAQ:CSWC) by 4.2% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 11,161 shares of the asset manager’s stock after acquiring an additional 452 shares during the quarter. Creative Planning’s holdings in Capital Southwest were worth $282,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the company. Sound Income Strategies LLC lifted its holdings in Capital Southwest by 1.2% in the third quarter. Sound Income Strategies LLC now owns 562,079 shares of the asset manager’s stock valued at $14,215,000 after acquiring an additional 6,692 shares during the period. Northwestern Mutual Wealth Management Co. bought a new position in Capital Southwest in the second quarter valued at about $104,000. Waterfall Asset Management LLC bought a new position in Capital Southwest in the second quarter valued at about $995,000. Marshall Wace LLP bought a new position in Capital Southwest in the second quarter valued at about $1,937,000. Finally, EverSource Wealth Advisors LLC purchased a new stake in Capital Southwest in the second quarter worth about $58,000. Institutional investors own 23.42% of the company’s stock.

Capital Southwest Stock Performance

Shares of CSWC opened at $22.91 on Friday. The company has a quick ratio of 0.16, a current ratio of 0.16 and a debt-to-equity ratio of 0.35. The business has a 50-day simple moving average of $24.98 and a two-hundred day simple moving average of $25.44. The stock has a market cap of $1.09 billion, a price-to-earnings ratio of 13.97 and a beta of 1.25. Capital Southwest Co. has a 52 week low of $21.54 and a 52 week high of $27.23.

Capital Southwest (NASDAQ:CSWC) last released its earnings results on Monday, October 28th. The asset manager reported $0.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.65 by $0.01. Capital Southwest had a return on equity of 15.54% and a net margin of 37.77%. The firm had revenue of $48.71 million during the quarter, compared to analysts’ expectations of $49.79 million. During the same quarter last year, the business posted $0.69 earnings per share. On average, analysts expect that Capital Southwest Co. will post 2.54 EPS for the current year.

Capital Southwest Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be given a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a dividend yield of 11.00%. The ex-dividend date is Friday, December 13th. Capital Southwest’s dividend payout ratio is currently 141.46%.

Analyst Ratings Changes

Separately, B. Riley upped their price target on Capital Southwest from $24.00 to $24.50 and gave the stock a “neutral” rating in a research report on Wednesday, October 30th.

Capital Southwest Company Profile

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, industry consolidation, recapitalizations and growth capital investments.