Creative Planning Grows Position in Capital Southwest Co. (NASDAQ:CSWC)

Creative Planning raised its position in shares of Capital Southwest Co. (NASDAQ:CSWC) by 4.2% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,161 shares of the asset manager’s stock after buying an additional 452 shares during the quarter. Creative Planning’s holdings in Capital Southwest were worth $282,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Van ECK Associates Corp lifted its stake in shares of Capital Southwest by 25.0% in the 2nd quarter. Van ECK Associates Corp now owns 1,059,217 shares of the asset manager’s stock valued at $27,635,000 after purchasing an additional 211,992 shares during the last quarter. Harbor Capital Advisors Inc. lifted its stake in shares of Capital Southwest by 273.4% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 157,134 shares of the asset manager’s stock valued at $4,100,000 after purchasing an additional 115,051 shares during the last quarter. Marshall Wace LLP bought a new stake in shares of Capital Southwest in the 2nd quarter valued at approximately $1,937,000. Legacy Capital Wealth Partners LLC bought a new stake in shares of Capital Southwest in the 2nd quarter valued at approximately $1,775,000. Finally, Cozad Asset Management Inc. bought a new stake in shares of Capital Southwest in the 1st quarter valued at approximately $1,557,000. Hedge funds and other institutional investors own 23.42% of the company’s stock.

Capital Southwest Price Performance

Shares of CSWC stock opened at $22.91 on Friday. Capital Southwest Co. has a 52-week low of $21.54 and a 52-week high of $27.23. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.16 and a current ratio of 0.16. The firm has a market capitalization of $1.09 billion, a P/E ratio of 13.97 and a beta of 1.25. The stock has a 50 day moving average price of $24.98 and a 200 day moving average price of $25.44.

Capital Southwest (NASDAQ:CSWC) last issued its quarterly earnings results on Monday, October 28th. The asset manager reported $0.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 analyst estimates of $49.79 million. During the same period last year, the company earned $0.69 EPS. As a group, sell-side analysts predict that Capital Southwest Co. will post 2.54 earnings per share for the current year.

Capital Southwest Cuts Dividend

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

Wall Street Analysts Forecast Growth

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

Capital Southwest 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.