102,675 Shares in Crescent Capital BDC, Inc. (NASDAQ:CCAP) Bought by International Assets Investment Management LLC

International Assets Investment Management LLC acquired a new position in shares of Crescent Capital BDC, Inc. (NASDAQ:CCAP) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 102,675 shares of the company’s stock, valued at approximately $1,899,000. International Assets Investment Management LLC owned 0.28% of Crescent Capital BDC as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Point72 Asset Management L.P. bought a new position in shares of Crescent Capital BDC in the 2nd quarter valued at $90,000. XTX Topco Ltd bought a new position in Crescent Capital BDC in the second quarter valued at about $195,000. Catalina Capital Group LLC bought a new position in Crescent Capital BDC in the second quarter valued at about $220,000. Alpine Global Management LLC bought a new stake in shares of Crescent Capital BDC during the first quarter worth about $217,000. Finally, Cubist Systematic Strategies LLC acquired a new position in shares of Crescent Capital BDC in the second quarter valued at approximately $346,000. 49.46% of the stock is currently owned by institutional investors and hedge funds.

Crescent Capital BDC Stock Down 0.9 %

Shares of Crescent Capital BDC stock opened at $18.02 on Monday. The stock’s 50-day moving average is $18.42 and its 200 day moving average is $18.36. Crescent Capital BDC, Inc. has a one year low of $15.91 and a one year high of $19.63. The firm has a market cap of $667.82 million, a price-to-earnings ratio of 6.55 and a beta of 0.81. The company has a debt-to-equity ratio of 1.17, a current ratio of 1.40 and a quick ratio of 1.40.

Crescent Capital BDC (NASDAQ:CCAP) last posted its quarterly earnings results on Monday, August 12th. The company reported $0.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.58 by $0.01. The firm had revenue of $48.95 million for the quarter, compared to analysts’ expectations of $48.05 million. Crescent Capital BDC had a return on equity of 12.03% and a net margin of 51.61%. During the same period in the prior year, the business earned $0.56 EPS. Equities research analysts anticipate that Crescent Capital BDC, Inc. will post 2.35 EPS for the current year.

Crescent Capital BDC Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were issued a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 9.32%. This is a boost from Crescent Capital BDC’s previous quarterly dividend of $0.09. The ex-dividend date of this dividend was Monday, September 30th. Crescent Capital BDC’s dividend payout ratio (DPR) is presently 61.09%.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the stock. Wells Fargo & Company reduced 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. LADENBURG THALM/SH SH assumed coverage on Crescent Capital BDC in a report on Monday, September 30th. They issued a “buy” rating and a $20.00 price objective for the company. Finally, Bank of America cut their target price on Crescent Capital BDC from $20.00 to $19.00 and set a “buy” rating on the stock in a report on Thursday, August 15th. One analyst has rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus 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.