AE Wealth Management LLC Buys Shares of 10,238 Crescent Capital BDC, Inc. (NASDAQ:CCAP)

AE Wealth Management LLC purchased a new position in Crescent Capital BDC, Inc. (NASDAQ:CCAPGet Rating) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 10,238 shares of the company’s stock, valued at approximately $154,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Condor Capital Management grew its position in Crescent Capital BDC by 110.5% in the second quarter. Condor Capital Management now owns 92,815 shares of the company’s stock worth $1,439,000 after acquiring an additional 48,729 shares in the last quarter. LPL Financial LLC lifted its stake in Crescent Capital BDC by 93.7% during the second quarter. LPL Financial LLC now owns 21,946 shares of the company’s stock worth $340,000 after purchasing an additional 10,616 shares during the last quarter. UBS Group AG boosted its holdings in shares of Crescent Capital BDC by 790.4% in the 2nd quarter. UBS Group AG now owns 59,170 shares of the company’s stock worth $917,000 after purchasing an additional 52,525 shares in the last quarter. Cowen Prime Advisors LLC bought a new position in shares of Crescent Capital BDC during the 2nd quarter valued at about $47,000. Finally, Bank of America Corp DE purchased a new position in shares of Crescent Capital BDC during the 1st quarter valued at about $1,368,000. Hedge funds and other institutional investors own 36.62% of the company’s stock.

Crescent Capital BDC Trading Down 0.4 %

NASDAQ CCAP opened at $14.27 on Friday. The firm has a market cap of $440.76 million, a PE ratio of 16.99 and a beta of 0.78. Crescent Capital BDC, Inc. has a 1-year low of $12.55 and a 1-year high of $18.64. The stock has a 50-day moving average of $13.61 and a 200-day moving average of $15.09. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 1.10.

Crescent Capital BDC (NASDAQ:CCAPGet Rating) last announced its quarterly earnings data on Wednesday, November 9th. The company reported $0.42 earnings per share for the quarter, missing the consensus estimate of $0.43 by ($0.01). Crescent Capital BDC had a net margin of 24.25% and a return on equity of 7.84%. The company had revenue of $28.99 million during the quarter, compared to the consensus estimate of $29.02 million. As a group, sell-side analysts forecast that Crescent Capital BDC, Inc. will post 1.68 EPS for the current year.

Crescent Capital BDC Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, January 17th. Stockholders of record on Friday, December 30th were paid a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a dividend yield of 11.49%. The ex-dividend date was Thursday, December 29th. Crescent Capital BDC’s dividend payout ratio (DPR) is 195.24%.

Wall Street Analyst Weigh In

Separately, Raymond James reduced their price target on shares of Crescent Capital BDC from $20.50 to $18.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 5th.

About Crescent Capital BDC

(Get Rating)

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.

Further Reading

Institutional Ownership by Quarter for Crescent Capital BDC (NASDAQ:CCAP)

Receive News & Ratings for Crescent Capital BDC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Crescent Capital BDC and related companies with MarketBeat.com's FREE daily email newsletter.