Denali Advisors LLC Buys 855 Shares of Crescent Capital BDC, Inc. (NASDAQ:CCAP)

Denali Advisors LLC raised its stake in shares of Crescent Capital BDC, Inc. (NASDAQ:CCAP) by 0.5% in the 4th quarter, Holdings Channel reports. The firm owned 183,783 shares of the company’s stock after purchasing an additional 855 shares during the quarter. Denali Advisors LLC’s holdings in Crescent Capital BDC were worth $3,532,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Janney Montgomery Scott LLC raised its position in Crescent Capital BDC by 174.1% during the 3rd quarter. Janney Montgomery Scott LLC now owns 47,264 shares of the company’s stock worth $874,000 after purchasing an additional 30,018 shares during the last quarter. Franklin Resources Inc. grew its holdings in Crescent Capital BDC by 35.2% during the 3rd quarter. Franklin Resources Inc. now owns 256,279 shares of the company’s stock worth $4,726,000 after acquiring an additional 66,713 shares during the period. Stifel Financial Corp grew its holdings in Crescent Capital BDC by 53.1% during the 3rd quarter. Stifel Financial Corp now owns 66,470 shares of the company’s stock worth $1,230,000 after acquiring an additional 23,055 shares during the period. International Assets Investment Management LLC acquired a new stake in Crescent Capital BDC during the 3rd quarter worth about $1,899,000. Finally, Redhawk Wealth Advisors Inc. acquired a new stake in Crescent Capital BDC during the 4th quarter worth about $659,000. 49.46% of the stock is owned by institutional investors.

Crescent Capital BDC Stock Performance

Shares of CCAP opened at $18.27 on Wednesday. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.32 and a quick ratio of 1.26. The stock has a 50-day moving average of $19.37 and a 200-day moving average of $18.89. The company has a market cap of $677.12 million, a PE ratio of 9.18 and a beta of 0.81. Crescent Capital BDC, Inc. has a one year low of $16.58 and a one year high of $20.19.

Crescent Capital BDC (NASDAQ:CCAP) last issued its earnings results on Wednesday, February 19th. The company reported $0.55 EPS for the quarter, missing the consensus estimate of $0.56 by ($0.01). The firm had revenue of $46.40 million during the quarter, compared to analyst estimates of $47.27 million. Crescent Capital BDC had a net margin of 37.32% and a return on equity of 11.90%. On average, equities research analysts predict that Crescent Capital BDC, Inc. will post 2.09 EPS for the current fiscal year.

Crescent Capital BDC Dividend Announcement

The company also recently announced a dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be paid a $0.05 dividend. The ex-dividend date is Friday, February 28th. Crescent Capital BDC’s dividend payout ratio is presently 84.42%.

Analyst Upgrades and Downgrades

CCAP has been the subject of a number of recent analyst reports. Wells Fargo & Company decreased their price target on Crescent Capital BDC from $19.00 to $18.00 and set an “equal weight” rating for the company in a report on Friday, February 21st. Keefe, Bruyette & Woods increased their price target on Crescent Capital BDC from $19.00 to $20.00 and gave the stock an “outperform” rating in a report on Monday, November 25th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $19.20.

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.