Pettinga Financial Advisors LLC Has $880,000 Stock Position in Crescent Capital BDC, Inc. (NASDAQ:CCAP)

Pettinga Financial Advisors LLC raised its stake in shares of Crescent Capital BDC, Inc. (NASDAQ:CCAP - Free Report) by 57.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 45,767 shares of the company's stock after purchasing an additional 16,750 shares during the quarter. Pettinga Financial Advisors LLC owned 0.12% of Crescent Capital BDC worth $880,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Franklin Resources Inc. boosted its holdings in shares of Crescent Capital BDC by 12.8% in the 4th quarter. Franklin Resources Inc. now owns 289,131 shares of the company's stock worth $5,557,000 after acquiring an additional 32,852 shares in the last quarter. Condor Capital Management boosted 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 acquiring an additional 12,852 shares in the last quarter. Wells Fargo & Company MN boosted its holdings in shares of Crescent Capital BDC by 0.5% in the 4th quarter. Wells Fargo & Company MN now owns 253,182 shares of the company's stock worth $4,866,000 after acquiring an additional 1,210 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of Crescent Capital BDC in the 4th quarter worth approximately $3,750,000. Finally, Denali Advisors LLC boosted its holdings in shares of Crescent Capital BDC by 0.5% in the 4th quarter. Denali Advisors LLC now owns 183,783 shares of the company's stock worth $3,532,000 after acquiring an additional 855 shares in the last quarter. 49.46% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Wall Street Zen downgraded Crescent Capital BDC from a "hold" rating to a "sell" rating in a report on Thursday, May 22nd. Keefe, Bruyette & Woods downgraded Crescent Capital BDC from an "outperform" rating to a "market perform" rating and reduced their price objective for the stock from $18.50 to $17.00 in a report on Friday, May 16th. Wells Fargo & Company reduced their price objective on Crescent Capital BDC from $16.00 to $15.00 and set an "equal weight" rating on the stock in a report on Friday, May 16th. Finally, Raymond James reduced their price objective on Crescent Capital BDC from $20.00 to $17.00 and set an "outperform" rating on the stock in a report on Friday, May 16th. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Hold" and an average price target of $17.60.

Crescent Capital BDC Stock Up 0.0%

CCAP stock traded up $0.01 during trading hours on Wednesday, reaching $15.57. 43,928 shares of the stock were exchanged, compared to its average volume of 139,114. The firm's 50-day moving average is $15.93 and its 200-day moving average is $17.95. The company has a market cap of $576.84 million, a price-to-earnings ratio of 7.82 and a beta of 0.63. 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 posted its quarterly earnings data on Wednesday, May 14th. The company reported $0.45 EPS for the quarter, missing analysts' consensus estimates of $0.52 by ($0.07). Crescent Capital BDC had a return on equity of 11.90% and a net margin of 37.32%. The business had revenue of $42.13 million for the quarter, compared to analyst estimates of $45.08 million. On average, equities research analysts expect that Crescent Capital BDC, Inc. will post 2.09 earnings per share for the current year.

Crescent Capital BDC Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 30th will be paid a $0.42 dividend. The ex-dividend date of this dividend is Monday, June 30th. This represents a $1.68 annualized dividend and a yield of 10.79%. Crescent Capital BDC's dividend payout ratio (DPR) is currently 125.37%.

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.