AE Wealth Management LLC Acquires Shares of 10,238 Crescent Capital BDC, Inc. (NASDAQ:CCAP)

AE Wealth Management LLC bought a new stake in Crescent Capital BDC, Inc. (NASDAQ:CCAPGet Rating) in the third quarter, HoldingsChannel reports. The firm bought 10,238 shares of the company’s stock, valued at approximately $154,000.

Several other hedge funds also recently made changes to their positions in the company. Ares Management LLC raised its holdings in Crescent Capital BDC by 54.0% in the first quarter. Ares Management LLC now owns 657,838 shares of the company’s stock worth $11,710,000 after purchasing an additional 230,593 shares in the last quarter. Bank of America Corp DE bought a new stake in shares of Crescent Capital BDC during the 1st quarter valued at $1,368,000. Captrust Financial Advisors grew its position in shares of Crescent Capital BDC by 797.8% in the 1st quarter. Captrust Financial Advisors now owns 62,726 shares of the company’s stock worth $1,117,000 after buying an additional 55,739 shares during the period. UBS Group AG increased its stake in shares of Crescent Capital BDC by 790.4% in the 2nd quarter. UBS Group AG now owns 59,170 shares of the company’s stock worth $917,000 after acquiring an additional 52,525 shares in the last quarter. Finally, Condor Capital Management lifted its position in Crescent Capital BDC by 110.5% during the 2nd quarter. Condor Capital Management now owns 92,815 shares of the company’s stock valued at $1,439,000 after acquiring an additional 48,729 shares during the period. 36.62% of the stock is currently owned by institutional investors.

Crescent Capital BDC Trading Down 0.4 %

NASDAQ CCAP opened at $14.27 on Friday. Crescent Capital BDC, Inc. has a 12 month low of $12.55 and a 12 month high of $18.64. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 1.10. The stock’s fifty day moving average price is $13.61 and its 200-day moving average price is $15.09. The stock has a market cap of $440.76 million, a P/E ratio of 16.99 and a beta of 0.78.

Crescent Capital BDC (NASDAQ:CCAPGet Rating) last announced its quarterly earnings results on Wednesday, November 9th. The company reported $0.42 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.01). Crescent Capital BDC had a return on equity of 7.84% and a net margin of 24.25%. The firm had revenue of $28.99 million during the quarter, compared to the consensus estimate of $29.02 million. As a group, equities analysts forecast that Crescent Capital BDC, Inc. will post 1.68 EPS for the current fiscal year.

Crescent Capital BDC Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, January 17th. Investors of record on Friday, December 30th were given a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a dividend yield of 11.49%. The ex-dividend date of this dividend was Thursday, December 29th. Crescent Capital BDC’s dividend payout ratio (DPR) is currently 195.24%.

Analyst Ratings Changes

Separately, Raymond James cut their price objective on shares of Crescent Capital BDC from $20.50 to $18.00 and set an “outperform” rating on the stock in a report on Wednesday, October 5th.

About Crescent Capital BDC

(Get Rating)

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.

Further Reading

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Institutional Ownership by Quarter for Crescent Capital BDC (NASDAQ:CCAP)

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