BI Asset Management Fondsmaeglerselskab A S Sells 21,384 Shares of Crescent Capital BDC, Inc. (NASDAQ:CCAP)

BI Asset Management Fondsmaeglerselskab A S lowered its stake in Crescent Capital BDC, Inc. (NASDAQ:CCAP - Free Report) by 31.8% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 45,815 shares of the company's stock after selling 21,384 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S owned 0.12% of Crescent Capital BDC worth $881,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the stock. Franklin Resources Inc. grew its stake in Crescent Capital BDC by 12.8% in the fourth quarter. Franklin Resources Inc. now owns 289,131 shares of the company's stock valued at $5,557,000 after acquiring an additional 32,852 shares during the period. Condor Capital Management lifted its holdings in shares of Crescent Capital BDC by 4.7% in the 4th quarter. Condor Capital Management now owns 284,055 shares of the company's stock worth $5,460,000 after purchasing an additional 12,852 shares in the last quarter. Wells Fargo & Company MN grew its position in Crescent Capital BDC by 0.5% in the 4th quarter. Wells Fargo & Company MN now owns 253,182 shares of the company's stock valued at $4,866,000 after purchasing an additional 1,210 shares during the period. Raymond James Financial Inc. acquired a new stake in Crescent Capital BDC in the 4th quarter valued at $3,750,000. Finally, Denali Advisors LLC increased its stake in Crescent Capital BDC by 0.5% during the 4th quarter. Denali Advisors LLC now owns 183,783 shares of the company's stock valued at $3,532,000 after purchasing an additional 855 shares in the last quarter. Institutional investors and hedge funds own 49.46% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on CCAP shares. Keefe, Bruyette & Woods reduced their price objective on shares of Crescent Capital BDC from $20.00 to $18.50 and set an "outperform" rating for the company in a report on Tuesday, April 8th. Wells Fargo & Company cut their price target on Crescent Capital BDC from $18.00 to $16.00 and set an "equal weight" rating for the company in a research note on Monday. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $18.50.

Crescent Capital BDC Stock Down 1.2 %

Shares of NASDAQ CCAP traded down $0.19 during trading on Tuesday, hitting $16.05. The stock had a trading volume of 16,170 shares, compared to its average volume of 142,688. The firm has a fifty day moving average of $16.71 and a two-hundred day moving average of $18.31. The company has a market capitalization of $594.85 million, a PE ratio of 8.04 and a beta of 0.56. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.32 and a quick ratio of 1.26. Crescent Capital BDC, Inc. has a 12 month low of $13.54 and a 12 month high of $20.19.

Crescent Capital BDC (NASDAQ:CCAP - Get Free Report) last issued its quarterly earnings data on Wednesday, February 19th. The company reported $0.55 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.56 by ($0.01). Crescent Capital BDC had a return on equity of 11.90% and a net margin of 37.32%. The firm had revenue of $46.40 million during the quarter, compared to the consensus estimate of $47.27 million. As a group, equities research analysts forecast that Crescent Capital BDC, Inc. will post 2.09 EPS for the current fiscal year.

Crescent Capital BDC Announces Dividend

The firm also recently declared a dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were issued a dividend of $0.05 per share. The ex-dividend date was Friday, February 28th. Crescent Capital BDC's dividend payout ratio (DPR) is currently 84.42%.

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.