Ieq Capital LLC Increases Position in Crescent Capital BDC, Inc. (NASDAQ:CCAP)

Ieq Capital LLC raised its holdings in shares of Crescent Capital BDC, Inc. (NASDAQ:CCAP) by 2.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 22,725 shares of the company’s stock after buying an additional 584 shares during the period. Ieq Capital LLC owned about 0.06% of Crescent Capital BDC worth $437,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Montag A & Associates Inc. purchased a new position in shares of Crescent Capital BDC during the fourth quarter valued at approximately $35,000. Pettinga Financial Advisors LLC boosted its position in shares of Crescent Capital BDC by 95.8% during the third quarter. Pettinga Financial Advisors LLC now owns 29,017 shares of the company’s stock valued at $537,000 after buying an additional 14,200 shares during the period. Redhawk Wealth Advisors Inc. purchased a new position in shares of Crescent Capital BDC during the fourth quarter valued at approximately $659,000. Van ECK Associates Corp boosted its position in shares of Crescent Capital BDC by 68.0% during the third quarter. Van ECK Associates Corp now owns 44,556 shares of the company’s stock valued at $819,000 after buying an additional 18,035 shares during the period. Finally, Janney Montgomery Scott LLC boosted its position in shares of Crescent Capital BDC by 174.1% during the third quarter. Janney Montgomery Scott LLC now owns 47,264 shares of the company’s stock valued at $874,000 after buying an additional 30,018 shares during the period. Hedge funds and other institutional investors own 49.46% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on CCAP shares. Keefe, Bruyette & Woods boosted their price target on Crescent Capital BDC from $19.00 to $20.00 and gave the company an “outperform” rating in a report on Monday, November 25th. Wells Fargo & Company lowered their price target on Crescent Capital BDC from $19.00 to $18.00 and set an “equal weight” rating for the company in a report on Friday, February 21st. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $19.20.

Crescent Capital BDC Stock Performance

Shares of NASDAQ:CCAP opened at $18.13 on Thursday. The company has a market capitalization of $671.93 million, a price-to-earnings ratio of 9.11 and a beta of 0.81. Crescent Capital BDC, Inc. has a 52 week low of $16.58 and a 52 week high of $20.19. The company has a quick ratio of 1.26, a current ratio of 1.32 and a debt-to-equity ratio of 1.18. The firm has a 50 day moving average of $19.35 and a 200 day moving average of $18.89.

Crescent Capital BDC (NASDAQ:CCAP) last issued its quarterly earnings data on Wednesday, February 19th. The company reported $0.55 EPS for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.01). The business had revenue of $46.40 million during the quarter, compared to the consensus estimate of $47.27 million. Crescent Capital BDC had a return on equity of 11.90% and a net margin of 37.32%. On average, sell-side analysts predict that Crescent Capital BDC, Inc. will post 2.09 earnings per share for the current fiscal year.

Crescent Capital BDC Announces Dividend

The firm also recently disclosed a dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be paid a $0.05 dividend. The ex-dividend date of this dividend is Friday, February 28th. Crescent Capital BDC’s dividend payout ratio (DPR) is 84.42%.

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.