SG Americas Securities LLC Makes New Investment in Crescent Capital BDC, Inc. (NASDAQ:CCAP)

SG Americas Securities LLC acquired a new position in shares of Crescent Capital BDC, Inc. (NASDAQ:CCAP) during the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 11,328 shares of the company’s stock, valued at approximately $197,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Raymond James & Associates increased its holdings in Crescent Capital BDC by 11.7% during the 3rd quarter. Raymond James & Associates now owns 146,303 shares of the company’s stock worth $2,502,000 after purchasing an additional 15,271 shares during the last quarter. Anchor Investment Management LLC purchased a new stake in Crescent Capital BDC during the 4th quarter worth approximately $342,000. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in Crescent Capital BDC during the 3rd quarter worth approximately $240,000. Virtus ETF Advisers LLC increased its holdings in Crescent Capital BDC by 43.5% during the 3rd quarter. Virtus ETF Advisers LLC now owns 40,965 shares of the company’s stock worth $701,000 after purchasing an additional 12,420 shares during the last quarter. Finally, Trexquant Investment LP purchased a new stake in Crescent Capital BDC during the 3rd quarter worth approximately $520,000. 49.46% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have recently commented on CCAP shares. Oppenheimer lifted their target price on Crescent Capital BDC from $18.00 to $19.00 and gave the stock an “outperform” rating in a research report on Friday, February 23rd. Wells Fargo & Company lifted their target price on Crescent Capital BDC from $16.00 to $16.50 and gave the stock an “equal weight” rating in a research report on Monday, January 29th.

Crescent Capital BDC Price Performance

Shares of CCAP opened at $16.96 on Friday. The firm has a market cap of $628.54 million, a price-to-earnings ratio of 7.41 and a beta of 0.83. The stock has a 50 day moving average of $16.87 and a 200-day moving average of $16.76. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 1.14. Crescent Capital BDC, Inc. has a 52 week low of $13.11 and a 52 week high of $18.00.

Crescent Capital BDC (NASDAQ:CCAP) last issued its earnings results on Wednesday, February 21st. The company reported $0.61 EPS for the quarter, topping the consensus estimate of $0.57 by $0.04. The company had revenue of $50.00 million during the quarter, compared to analyst estimates of $47.99 million. Crescent Capital BDC had a return on equity of 11.32% and a net margin of 45.54%. As a group, analysts forecast that Crescent Capital BDC, Inc. will post 2.26 EPS for the current year.

Crescent Capital BDC Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 15th. Investors of record on Friday, March 29th will be given a dividend of $0.41 per share. The ex-dividend date of this dividend is Wednesday, March 27th. This represents a $1.64 dividend on an annualized basis and a yield of 9.67%. Crescent Capital BDC’s dividend payout ratio is currently 71.62%.

About Crescent Capital BDC

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.