Pettinga Financial Advisors LLC Has $284,000 Stock Position in Crescent Capital BDC, Inc. (NASDAQ:CCAP)

Pettinga Financial Advisors LLC decreased its stake in shares of Crescent Capital BDC, Inc. (NASDAQ:CCAP) by 4.5% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 16,439 shares of the company’s stock after selling 767 shares during the quarter. Pettinga Financial Advisors LLC’s holdings in Crescent Capital BDC were worth $284,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Cape Investment Advisory Inc. acquired a new position in shares of Crescent Capital BDC during the 4th quarter worth approximately $63,000. Tucker Asset Management LLC acquired a new position in Crescent Capital BDC in the 4th quarter valued at $167,000. SG Americas Securities LLC acquired a new position in Crescent Capital BDC in the 4th quarter valued at $197,000. Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of Crescent Capital BDC during the 3rd quarter valued at $240,000. Finally, Silverberg Bernstein Capital Management LLC bought a new stake in shares of Crescent Capital BDC during the 4th quarter valued at $248,000. Institutional investors and hedge funds own 49.46% of the company’s stock.

Crescent Capital BDC Price Performance

Shares of CCAP stock opened at $18.42 on Monday. 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 $15.03 and a twelve month high of $19.27. The company has a market cap of $682.65 million, a P/E ratio of 6.68 and a beta of 0.81. The business has a fifty day simple moving average of $18.11 and a 200 day simple moving average of $17.36.

Crescent Capital BDC (NASDAQ:CCAP) last announced its quarterly earnings data on Wednesday, May 8th. The company reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.59 by $0.04. Crescent Capital BDC had a return on equity of 11.99% and a net margin of 53.32%. The business had revenue of $50.36 million during the quarter, compared to the consensus estimate of $48.31 million. On average, sell-side analysts forecast that Crescent Capital BDC, Inc. will post 2.34 EPS for the current fiscal year.

Crescent Capital BDC Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Friday, June 28th will be issued a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 9.12%. The ex-dividend date of this dividend is Friday, June 28th. This is a boost from Crescent Capital BDC’s previous quarterly dividend of $0.41. Crescent Capital BDC’s dividend payout ratio is presently 59.79%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. Raymond James upped their target price on Crescent Capital BDC from $18.00 to $19.00 and gave the company an “outperform” rating in a research report on Friday, May 10th. Wells Fargo & Company upped their target price on Crescent Capital BDC from $16.50 to $18.00 and gave the company an “equal weight” rating in a research report on Monday, May 13th. Finally, Keefe, Bruyette & Woods upped 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 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.