Sumitomo Mitsui Trust Holdings Inc. Purchases Shares of 48,485 Crescent Capital BDC, Inc. (NASDAQ:CCAP)

Sumitomo Mitsui Trust Holdings Inc. purchased a new stake in Crescent Capital BDC, Inc. (NASDAQ:CCAP) during the fourth quarter, according to its most recent filing with the SEC. The fund purchased 48,485 shares of the company’s stock, valued at approximately $843,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of CCAP. SG Americas Securities LLC bought a new stake in shares of Crescent Capital BDC in the 4th quarter worth about $197,000. Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of Crescent Capital BDC in the 3rd quarter worth about $240,000. Silverberg Bernstein Capital Management LLC bought a new stake in shares of Crescent Capital BDC in the 4th quarter worth about $248,000. Jump Financial LLC increased its holdings in shares of Crescent Capital BDC by 4.6% in the 3rd quarter. Jump Financial LLC now owns 19,559 shares of the company’s stock worth $334,000 after buying an additional 859 shares during the last quarter. Finally, Anchor Investment Management LLC bought a new stake in shares of Crescent Capital BDC in the 4th quarter worth about $342,000. 49.46% of the stock is currently owned by institutional investors.

Crescent Capital BDC Price Performance

CCAP stock opened at $17.24 on Friday. Crescent Capital BDC, Inc. has a 12 month low of $13.11 and a 12 month high of $18.00. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 1.14. The company has a 50-day moving average price of $17.04 and a 200 day moving average price of $16.79. The stock has a market cap of $638.91 million, a PE ratio of 7.53 and a beta of 0.83.

Crescent Capital BDC (NASDAQ:CCAP) last released its quarterly earnings results on Wednesday, February 21st. The company reported $0.61 EPS for the quarter, topping analysts’ consensus estimates of $0.57 by $0.04. Crescent Capital BDC had a net margin of 45.54% and a return on equity of 11.32%. The firm had revenue of $50.00 million during the quarter, compared to analysts’ expectations of $47.99 million. Equities research analysts anticipate that Crescent Capital BDC, Inc. will post 2.26 earnings per share for the current year.

Crescent Capital BDC Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Friday, March 29th were paid a dividend of $0.41 per share. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 9.51%. Crescent Capital BDC’s dividend payout ratio is presently 71.62%.

Analyst Upgrades and Downgrades

CCAP has been the topic of a number of research reports. Wells Fargo & Company boosted their target price on shares of Crescent Capital BDC from $16.00 to $16.50 and gave the stock an “equal weight” rating in a report on Monday, January 29th. Oppenheimer boosted their target price on shares of Crescent Capital BDC from $18.00 to $19.00 and gave the stock an “outperform” rating in a report on Friday, February 23rd.

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.