Redhawk Wealth Advisors Inc. Acquires Shares of 34,302 Crescent Capital BDC, Inc. (NASDAQ:CCAP)

Redhawk Wealth Advisors Inc. bought a new position in shares of Crescent Capital BDC, Inc. (NASDAQ:CCAP - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 34,302 shares of the company's stock, valued at approximately $659,000. Redhawk Wealth Advisors Inc. owned about 0.09% of Crescent Capital BDC at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Point72 Asset Management L.P. acquired a new stake in shares of Crescent Capital BDC during the second quarter worth about $90,000. XTX Topco Ltd acquired a new stake in Crescent Capital BDC during the 2nd quarter valued at approximately $195,000. Cubist Systematic Strategies LLC acquired a new stake in Crescent Capital BDC during the 2nd quarter valued at approximately $346,000. Pettinga Financial Advisors LLC increased its stake in shares of Crescent Capital BDC by 95.8% in the third quarter. Pettinga Financial Advisors LLC now owns 29,017 shares of the company's stock worth $537,000 after acquiring an additional 14,200 shares during the period. Finally, Marshall Wace LLP purchased a new position in shares of Crescent Capital BDC during the second quarter worth $767,000. Institutional investors and hedge funds own 49.46% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on CCAP shares. Keefe, Bruyette & Woods upped their price target on shares of Crescent Capital BDC from $19.00 to $20.00 and gave the company an "outperform" rating in a report on Monday, November 25th. LADENBURG THALM/SH SH began coverage on Crescent Capital BDC in a report on Monday, September 30th. They set a "buy" rating and a $20.00 target price on the stock. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $19.17.

Crescent Capital BDC Price Performance

CCAP stock traded up $0.02 during trading on Friday, hitting $19.38. The stock had a trading volume of 41,511 shares, compared to its average volume of 89,503. The company's 50-day moving average price is $19.27 and its two-hundred day moving average price is $18.76. Crescent Capital BDC, Inc. has a twelve month low of $15.91 and a twelve month high of $20.03. The stock has a market capitalization of $718.22 million, a P/E ratio of 7.60 and a beta of 0.81. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.26 and a quick ratio of 1.26.

Crescent Capital BDC Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were paid a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a yield of 8.67%. The ex-dividend date of this dividend was Tuesday, December 31st. This is a boost from Crescent Capital BDC's previous quarterly dividend of $0.07. Crescent Capital BDC's payout ratio is 65.88%.

Crescent Capital BDC Company Profile

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.