Ares Management LLC Has $7.28 Million Stock Position in Crescent Capital BDC, Inc. $CCAP

Ares Management LLC lifted its holdings in shares of Crescent Capital BDC, Inc. (NASDAQ:CCAP) by 10.0% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 516,409 shares of the company’s stock after purchasing an additional 46,836 shares during the period. Crescent Capital BDC accounts for 0.0% of Ares Management LLC’s holdings, making the stock its 24th biggest holding. Ares Management LLC’s holdings in Crescent Capital BDC were worth $7,281,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the business. Catalyst Capital Advisors LLC bought a new position in Crescent Capital BDC during the 2nd quarter worth $69,000. XTX Topco Ltd bought a new stake in shares of Crescent Capital BDC in the 2nd quarter valued at about $165,000. Catalina Capital Group LLC acquired a new stake in shares of Crescent Capital BDC in the second quarter valued at about $174,000. Quantbot Technologies LP bought a new position in shares of Crescent Capital BDC during the second quarter worth about $219,000. Finally, Jump Financial LLC bought a new position in shares of Crescent Capital BDC during the second quarter worth about $286,000. Institutional investors own 49.46% of the company’s stock.

Crescent Capital BDC Price Performance

Shares of NASDAQ CCAP opened at $14.96 on Friday. The firm has a market capitalization of $553.42 million, a P/E ratio of 15.27 and a beta of 0.55. The firm’s 50-day moving average price is $14.11 and its 200-day moving average price is $14.62. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 1.23. Crescent Capital BDC, Inc. has a 1-year low of $13.03 and a 1-year high of $20.19.

Crescent Capital BDC (NASDAQ:CCAP) last issued its earnings results on Wednesday, November 12th. The company reported $0.46 EPS for the quarter, missing the consensus estimate of $0.47 by ($0.01). Crescent Capital BDC had a net margin of 20.84% and a return on equity of 9.76%. The firm had revenue of $41.35 million during the quarter, compared to analyst estimates of $42.35 million. Equities research analysts anticipate that Crescent Capital BDC, Inc. will post 2.09 earnings per share for the current fiscal year.

Crescent Capital BDC Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 15th. Stockholders of record on Wednesday, December 31st will be issued a dividend of $0.42 per share. The ex-dividend date is Wednesday, December 31st. This represents a $1.68 annualized dividend and a dividend yield of 11.2%. Crescent Capital BDC’s payout ratio is currently 171.43%.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. Keefe, Bruyette & Woods reduced their target price on Crescent Capital BDC from $17.00 to $15.50 and set an “outperform” rating on the stock in a report on Friday, November 14th. Oppenheimer dropped their price target on shares of Crescent Capital BDC from $20.00 to $19.00 and set an “outperform” rating on the stock in a research report on Friday, November 14th. Wells Fargo & Company reduced their price objective on shares of Crescent Capital BDC from $15.00 to $14.00 and set an “equal weight” rating on the stock in a research note on Friday, November 14th. Zacks Research upgraded shares of Crescent Capital BDC from a “strong sell” rating to a “hold” rating in a research report on Monday, December 8th. Finally, Wall Street Zen lowered shares of Crescent Capital BDC from a “hold” rating to a “sell” rating in a report on Saturday, November 15th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $16.38.

Crescent Capital BDC Company 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.