Janney Montgomery Scott LLC Acquires 30,018 Shares of Crescent Capital BDC, Inc. (NASDAQ:CCAP)

Janney Montgomery Scott LLC boosted its position in Crescent Capital BDC, Inc. (NASDAQ:CCAP) by 174.1% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 47,264 shares of the company’s stock after purchasing an additional 30,018 shares during the period. Janney Montgomery Scott LLC’s holdings in Crescent Capital BDC were worth $874,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the business. Sun Life Financial Inc. increased its position in Crescent Capital BDC by 20.7% during the 3rd quarter. Sun Life Financial Inc. now owns 2,226,308 shares of the company’s stock valued at $41,187,000 after purchasing an additional 382,542 shares during the period. International Assets Investment Management LLC bought a new stake in shares of Crescent Capital BDC during the third quarter valued at approximately $1,899,000. Millennium Management LLC lifted its position in Crescent Capital BDC by 31.9% in the 2nd quarter. Millennium Management LLC now owns 268,097 shares of the company’s stock valued at $5,035,000 after acquiring an additional 64,902 shares in the last quarter. Deerfield Management Company L.P. Series C bought a new position in shares of Crescent Capital BDC during the second quarter valued at about $1,021,000. Finally, Hennion & Walsh Asset Management Inc. grew its stake in Crescent Capital BDC by 90.3% in the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 94,182 shares of the company’s stock valued at $1,742,000 after purchasing an additional 44,700 shares during the period. 49.46% of the stock is currently owned by institutional investors and hedge funds.

Crescent Capital BDC Trading Down 0.8 %

Shares of NASDAQ CCAP opened at $18.98 on Friday. The company has a market cap of $703.44 million, a PE ratio of 7.44 and a beta of 0.81. Crescent Capital BDC, Inc. has a 52-week low of $15.91 and a 52-week high of $19.63. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.40 and a current ratio of 1.26. The firm’s 50 day moving average price is $18.44 and its 200-day moving average price is $18.43.

Crescent Capital BDC Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be paid a dividend of $0.42 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $1.68 annualized dividend and a yield of 8.85%. This is a boost from Crescent Capital BDC’s previous quarterly dividend of $0.07. Crescent Capital BDC’s dividend payout ratio is currently 65.88%.

Analyst Upgrades and Downgrades

CCAP has been the topic of a number of analyst reports. 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 on the stock in a report on Wednesday, August 14th. Bank of America cut their target price on shares of Crescent Capital BDC from $20.00 to $19.00 and set a “buy” rating on the stock in a report on Thursday, August 15th. Finally, LADENBURG THALM/SH SH began coverage on shares of Crescent Capital BDC in a research note on Monday, September 30th. They set a “buy” rating and a $20.00 target price on the stock. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average 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.