Crescent Capital BDC, Inc. (NASDAQ:CCAP) Shares Purchased by Hennion & Walsh Asset Management Inc.

Hennion & Walsh Asset Management Inc. lifted its holdings in Crescent Capital BDC, Inc. (NASDAQ:CCAP) by 11.9% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 105,343 shares of the company’s stock after purchasing an additional 11,161 shares during the period. Hennion & Walsh Asset Management Inc. owned approximately 0.28% of Crescent Capital BDC worth $2,025,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. Janney Montgomery Scott LLC grew its holdings in Crescent Capital BDC by 174.1% during the 3rd quarter. Janney Montgomery Scott LLC now owns 47,264 shares of the company’s stock worth $874,000 after acquiring an additional 30,018 shares in the last quarter. Franklin Resources Inc. grew its holdings in Crescent Capital BDC by 35.2% during the 3rd quarter. Franklin Resources Inc. now owns 256,279 shares of the company’s stock worth $4,726,000 after acquiring an additional 66,713 shares in the last quarter. Stifel Financial Corp grew its holdings in Crescent Capital BDC by 53.1% during the 3rd quarter. Stifel Financial Corp now owns 66,470 shares of the company’s stock worth $1,230,000 after acquiring an additional 23,055 shares in the last quarter. Sun Life Financial Inc. grew its holdings 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 worth $41,187,000 after acquiring an additional 382,542 shares in the last quarter. Finally, International Assets Investment Management LLC acquired a new position in Crescent Capital BDC during the 3rd quarter worth approximately $1,899,000. Institutional investors and hedge funds own 49.46% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on CCAP shares. LADENBURG THALM/SH SH started coverage on shares of Crescent Capital BDC in a report on Monday, September 30th. They set a “buy” rating and a $20.00 price target for the company. Keefe, Bruyette & Woods boosted their price target on shares of 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 given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $19.17.

Crescent Capital BDC Stock Down 0.1 %

Shares of NASDAQ:CCAP opened at $19.34 on Friday. The company has a market capitalization of $716.78 million, a PE ratio of 7.58 and a beta of 0.81. The company has a current ratio of 1.26, a quick 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 firm has a 50 day simple moving average of $19.27 and a 200-day simple moving average of $18.76.

Crescent Capital BDC Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were given a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a dividend yield of 8.69%. The ex-dividend date of this dividend was Tuesday, December 31st. This is an increase from Crescent Capital BDC’s previous quarterly dividend of $0.07. Crescent Capital BDC’s payout ratio is currently 65.88%.

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.