Crescent Capital BDC, Inc. (NASDAQ:CCAP) Shares Acquired by Millennium Management LLC

Millennium Management LLC lifted its position in shares of Crescent Capital BDC, Inc. (NASDAQ:CCAP) by 31.9% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 268,097 shares of the company’s stock after purchasing an additional 64,902 shares during the period. Millennium Management LLC owned about 0.72% of Crescent Capital BDC worth $5,035,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in CCAP. Tucker Asset Management LLC acquired a new stake in Crescent Capital BDC in the fourth quarter valued at $167,000. XTX Topco Ltd bought a new stake in Crescent Capital BDC during the second quarter valued at $195,000. Alpine Global Management LLC bought a new stake in Crescent Capital BDC during the first quarter valued at $217,000. Catalina Capital Group LLC bought a new stake in Crescent Capital BDC during the second quarter valued at $220,000. Finally, Hennion & Walsh Asset Management Inc. bought a new stake in Crescent Capital BDC during the first quarter valued at $303,000. 49.46% of the stock is owned by institutional investors and hedge funds.

Crescent Capital BDC Price Performance

Shares of NASDAQ CCAP opened at $18.35 on Friday. Crescent Capital BDC, Inc. has a twelve month low of $15.03 and a twelve month high of $19.63. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 1.17. The company has a market capitalization of $680.05 million, a price-to-earnings ratio of 6.67 and a beta of 0.81. The firm has a 50-day moving average of $18.29 and a two-hundred day moving average of $18.20.

Crescent Capital BDC (NASDAQ:CCAP) last issued its quarterly earnings results on Monday, August 12th. The company reported $0.59 earnings per share for the quarter, beating analysts’ consensus estimates of $0.58 by $0.01. Crescent Capital BDC had a net margin of 51.61% and a return on equity of 12.03%. The company had revenue of $48.95 million during the quarter, compared to the consensus estimate of $48.05 million. During the same period in the prior year, the company earned $0.56 EPS. As a group, analysts expect that Crescent Capital BDC, Inc. will post 2.35 earnings per share for the current fiscal year.

Crescent Capital BDC Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be issued a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 9.16%. This is an increase from Crescent Capital BDC’s previous quarterly dividend of $0.09. The ex-dividend date of this dividend is Monday, September 30th. Crescent Capital BDC’s dividend payout ratio is presently 61.09%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on CCAP. Wells Fargo & Company lowered their target price on shares of Crescent Capital BDC from $19.00 to $18.00 and set an “equal weight” rating for the company in a research note on Wednesday, August 14th. Bank of America lowered their price target on shares of Crescent Capital BDC from $20.00 to $19.00 and set a “buy” rating for the company in a research report on Thursday, August 15th. Finally, LADENBURG THALM/SH SH initiated coverage on shares of Crescent Capital BDC in a research report on Monday, September 30th. They set a “buy” rating and a $20.00 price target for the company. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, Crescent Capital BDC currently has an average rating of “Moderate Buy” and a consensus price target of $19.00.

Crescent Capital BDC 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.