Stifel Financial Corp Has $1.23 Million Holdings in Crescent Capital BDC, Inc. (NASDAQ:CCAP)

Stifel Financial Corp raised its holdings in Crescent Capital BDC, Inc. (NASDAQ:CCAP) by 53.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 66,470 shares of the company’s stock after acquiring an additional 23,055 shares during the period. Stifel Financial Corp owned about 0.18% of Crescent Capital BDC worth $1,230,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of CCAP. HighTower Advisors LLC boosted its stake in shares of Crescent Capital BDC by 0.5% in the 3rd quarter. HighTower Advisors LLC now owns 141,838 shares of the company’s stock valued at $2,624,000 after purchasing an additional 768 shares in the last quarter. Confluence Investment Management LLC lifted its stake in Crescent Capital BDC by 2.2% in the 3rd quarter. Confluence Investment Management LLC now owns 73,206 shares of the company’s stock valued at $1,354,000 after purchasing an additional 1,583 shares during the last quarter. Van ECK Associates Corp boosted its position in Crescent Capital BDC by 68.0% in the third quarter. Van ECK Associates Corp now owns 44,556 shares of the company’s stock valued at $819,000 after buying an additional 18,035 shares in the last quarter. Janney Montgomery Scott LLC grew its stake in shares of Crescent Capital BDC by 174.1% during the third quarter. Janney Montgomery Scott LLC now owns 47,264 shares of the company’s stock worth $874,000 after buying an additional 30,018 shares during the last quarter. Finally, Sun Life Financial Inc. increased its holdings in shares of Crescent Capital BDC by 20.7% during the third quarter. Sun Life Financial Inc. now owns 2,226,308 shares of the company’s stock worth $41,187,000 after buying an additional 382,542 shares in the last quarter. Institutional investors and hedge funds own 49.46% of the company’s stock.

Crescent Capital BDC Stock Performance

NASDAQ CCAP opened at $19.52 on Monday. The company has a market capitalization of $723.45 million, a price-to-earnings ratio of 7.65 and a beta of 0.82. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 1.14. Crescent Capital BDC, Inc. has a twelve month low of $15.91 and a twelve month high of $20.03. The stock has a fifty day simple moving average of $18.92 and a 200 day simple moving average of $18.70.

Crescent Capital BDC Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be paid a $0.42 dividend. This is a boost from Crescent Capital BDC’s previous quarterly dividend of $0.07. The ex-dividend date is Tuesday, December 31st. This represents a $1.68 annualized dividend and a dividend yield of 8.61%. Crescent Capital BDC’s dividend payout ratio is presently 65.88%.

Analysts Set New Price Targets

A number of brokerages recently weighed in on CCAP. LADENBURG THALM/SH SH assumed coverage on Crescent Capital BDC in a research report on Monday, September 30th. They set a “buy” rating and a $20.00 price objective on the stock. Keefe, Bruyette & Woods boosted 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 five have issued a buy rating to the company. According to MarketBeat, Crescent Capital BDC presently has an average rating of “Moderate Buy” and an average target price of $19.17.

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.