International Assets Investment Management LLC Acquires Shares of 72,127 Crescent Capital BDC, Inc. (NASDAQ:CCAP)

International Assets Investment Management LLC acquired a new stake in shares of Crescent Capital BDC, Inc. (NASDAQ:CCAP - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 72,127 shares of the company's stock, valued at approximately $1,254,000. International Assets Investment Management LLC owned 0.19% of Crescent Capital BDC at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. SG Americas Securities LLC bought a new stake in shares of Crescent Capital BDC during the fourth quarter valued at approximately $197,000. Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of Crescent Capital BDC during the third quarter valued at approximately $240,000. Silverberg Bernstein Capital Management LLC acquired a new stake in Crescent Capital BDC in the 4th quarter valued at $248,000. Jump Financial LLC boosted its stake in Crescent Capital BDC by 4.6% in the 3rd quarter. Jump Financial LLC now owns 19,559 shares of the company's stock valued at $334,000 after buying an additional 859 shares in the last quarter. Finally, Anchor Investment Management LLC acquired a new stake in Crescent Capital BDC in the 4th quarter valued at $342,000. 49.46% of the stock is currently owned by institutional investors.

Crescent Capital BDC Stock Performance

Shares of CCAP remained flat at $17.17 during trading hours on Monday. The stock had a trading volume of 75,005 shares, compared to its average volume of 96,408. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 1.14. Crescent Capital BDC, Inc. has a twelve month low of $13.11 and a twelve month high of $18.00. The stock has a market capitalization of $636.32 million, a price-to-earnings ratio of 7.50 and a beta of 0.83. The firm has a fifty day simple moving average of $16.96 and a two-hundred day simple moving average of $16.77.

Crescent Capital BDC (NASDAQ:CCAP - Get Free Report) last issued its quarterly earnings results on Wednesday, February 21st. The company reported $0.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.04. Crescent Capital BDC had a return on equity of 11.32% and a net margin of 45.54%. The business had revenue of $50.00 million for the quarter, compared to analyst estimates of $47.99 million. As a group, equities research analysts expect that Crescent Capital BDC, Inc. will post 2.26 earnings per share for the current fiscal year.

Crescent Capital BDC Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Friday, March 29th were paid a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a dividend yield of 9.55%. The ex-dividend date was Wednesday, March 27th. Crescent Capital BDC's dividend payout ratio (DPR) is presently 71.62%.

Analyst Upgrades and Downgrades

CCAP has been the topic of a number of recent analyst reports. Wells Fargo & Company boosted their price objective on Crescent Capital BDC from $16.00 to $16.50 and gave the stock an "equal weight" rating in a research note on Monday, January 29th. Oppenheimer boosted their price objective on Crescent Capital BDC from $18.00 to $19.00 and gave the stock an "outperform" rating in a research note on Friday, February 23rd.

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.