Janney Montgomery Scott LLC increased its stake in shares of Crescent Capital BDC, Inc. (NASDAQ:CCAP - Free Report) by 174.1% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 47,264 shares of the company's stock after buying an additional 30,018 shares during the quarter. Janney Montgomery Scott LLC owned 0.13% of Crescent Capital BDC worth $874,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also modified their holdings of the company. Point72 Asset Management L.P. bought a new position in Crescent Capital BDC in the 2nd quarter valued at $90,000. XTX Topco Ltd bought a new position in Crescent Capital BDC in the 2nd quarter valued at $195,000. Alpine Global Management LLC bought a new position in Crescent Capital BDC in the 1st quarter valued at $217,000. Catalina Capital Group LLC bought a new position in Crescent Capital BDC in the 2nd quarter valued at $220,000. Finally, Cubist Systematic Strategies LLC bought a new position in Crescent Capital BDC in the 2nd quarter valued at $346,000. Institutional investors own 49.46% of the company's stock.
Crescent Capital BDC Trading Down 0.8 %
CCAP stock opened at $18.98 on Friday. The company has a market cap of $703.40 million, a P/E ratio of 7.44 and a beta of 0.81. Crescent Capital BDC, Inc. has a twelve month low of $15.91 and a twelve month high of $19.63. The company has a quick ratio of 1.40, a current ratio of 1.26 and a debt-to-equity ratio of 1.14. The business has a fifty day moving average of $18.44 and a 200-day moving average of $18.43.
Crescent Capital BDC Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be paid a dividend of $0.42 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This is a boost from Crescent Capital BDC's previous quarterly dividend of $0.07. This represents a $1.68 dividend on an annualized basis and a dividend yield of 8.85%. Crescent Capital BDC's payout ratio is 65.88%.
Analyst Upgrades and Downgrades
Several equities analysts have issued reports on the company. Bank of America cut their price objective on Crescent Capital BDC from $20.00 to $19.00 and set a "buy" rating for the company in a research report on Thursday, August 15th. Wells Fargo & Company cut their price objective on Crescent Capital BDC from $19.00 to $18.00 and set an "equal weight" rating for the company in a research report on Wednesday, August 14th. Finally, LADENBURG THALM/SH SH started coverage on Crescent Capital BDC in a research report on Monday, September 30th. They issued a "buy" rating and a $20.00 price objective for the company. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, Crescent Capital BDC currently has an average rating of "Moderate Buy" and an average target price of $19.00.
View Our Latest Report on CCAP
Crescent Capital BDC Company Profile
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Free Report)
Crescent Capital BDC, Inc is as a business development company private equity / buyouts and loan fund. It specializes in directly investing. It specializes in middle market. The fund seeks to invest in United States.
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