Global Assets Advisory LLC Makes New $415,000 Investment in Crescent Capital BDC, Inc. (NASDAQ:CCAP)

Global Assets Advisory LLC acquired a new stake in Crescent Capital BDC, Inc. (NASDAQ:CCAP) during the first quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 24,052 shares of the company’s stock, valued at approximately $415,000. Global Assets Advisory LLC owned about 0.06% of Crescent Capital BDC as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of the company. Muzinich & Co. Inc. bought a new stake in Crescent Capital BDC during the fourth quarter valued at $843,000. Confluence Investment Management LLC acquired a new stake in shares of Crescent Capital BDC during the 1st quarter worth approximately $1,200,000. International Assets Investment Management LLC acquired a new position in shares of Crescent Capital BDC during the fourth quarter worth approximately $1,254,000. Mmbg Investment Advisors CO. purchased a new stake in shares of Crescent Capital BDC in the fourth quarter valued at about $612,000. Finally, Anchor Investment Management LLC bought a new position in shares of Crescent Capital BDC during the fourth quarter valued at about $342,000. 49.46% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have commented on CCAP. Wells Fargo & Company lifted their target price on shares of Crescent Capital BDC from $16.50 to $18.00 and gave the stock an “equal weight” rating in a research report on Monday, May 13th. Raymond James lifted their price target on Crescent Capital BDC from $18.00 to $19.00 and gave the stock an “outperform” rating in a report on Friday, May 10th. Finally, Keefe, Bruyette & Woods boosted their price objective on Crescent Capital BDC from $18.50 to $19.00 and gave the stock an “outperform” rating in a research report on Thursday, May 23rd.

Crescent Capital BDC Stock Down 0.7 %

Crescent Capital BDC stock opened at $18.96 on Friday. The firm has a 50 day moving average price of $18.04 and a 200-day moving average price of $17.33. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 1.11. Crescent Capital BDC, Inc. has a twelve month low of $14.43 and a twelve month high of $19.27. The company has a market capitalization of $702.70 million, a P/E ratio of 6.75 and a beta of 0.81.

Crescent Capital BDC (NASDAQ:CCAP) last issued its quarterly earnings results on Wednesday, May 8th. The company reported $0.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.59 by $0.04. The firm had revenue of $50.36 million during the quarter, compared to the consensus estimate of $48.31 million. Crescent Capital BDC had a return on equity of 11.99% and a net margin of 53.32%. As a group, equities analysts predict that Crescent Capital BDC, Inc. will post 2.34 EPS for the current year.

Crescent Capital BDC Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Friday, June 28th will be given a $0.42 dividend. The ex-dividend date of this dividend is Friday, June 28th. This represents a $1.68 annualized dividend and a yield of 8.86%. This is an increase from Crescent Capital BDC’s previous quarterly dividend of $0.41. Crescent Capital BDC’s payout ratio is presently 59.79%.

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.