Catalyst Capital Advisors LLC Acquires New Holdings in Crescent Capital BDC, Inc. $CCAP

Catalyst Capital Advisors LLC acquired a new stake in Crescent Capital BDC, Inc. (NASDAQ:CCAP) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 4,900 shares of the company’s stock, valued at approximately $69,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Mackenzie Financial Corp acquired a new position in Crescent Capital BDC in the 1st quarter valued at approximately $804,000. MQS Management LLC acquired a new position in Crescent Capital BDC in the 1st quarter valued at approximately $648,000. SCS Capital Management LLC acquired a new position in Crescent Capital BDC in the 1st quarter valued at approximately $493,000. Ethos Financial Group LLC acquired a new position in Crescent Capital BDC in the 1st quarter valued at approximately $445,000. Finally, Kovitz Investment Group Partners LLC increased its position in Crescent Capital BDC by 14.4% in the 1st quarter. Kovitz Investment Group Partners LLC now owns 202,873 shares of the company’s stock valued at $3,473,000 after acquiring an additional 25,528 shares during the period. Institutional investors own 49.46% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. Keefe, Bruyette & Woods upgraded shares of Crescent Capital BDC from a “hold” rating to a “moderate buy” rating in a research report on Tuesday, July 22nd. Zacks Research cut shares of Crescent Capital BDC from a “hold” rating to a “strong sell” rating in a research report on Wednesday, October 15th. Finally, LADENBURG THALM/SH SH upgraded shares of Crescent Capital BDC to a “strong-buy” rating in a research report on Friday, August 15th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $16.33.

Insider Transactions at Crescent Capital BDC

In related news, Director Raymond Barrios bought 3,245 shares of the business’s stock in a transaction that occurred on Monday, August 25th. The shares were acquired at an average cost of $15.63 per share, with a total value of $50,719.35. Following the completion of the purchase, the director directly owned 19,177 shares in the company, valued at $299,736.51. The trade was a 20.37% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 1.14% of the stock is currently owned by corporate insiders.

Crescent Capital BDC Price Performance

CCAP opened at $14.30 on Friday. Crescent Capital BDC, Inc. has a twelve month low of $13.31 and a twelve month high of $20.19. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 1.22. The company has a fifty day moving average of $14.93 and a 200-day moving average of $14.97.

Crescent Capital BDC (NASDAQ:CCAP) last posted its quarterly earnings data on Wednesday, August 13th. The company reported $0.46 earnings per share for the quarter, hitting the consensus estimate of $0.46. Crescent Capital BDC had a net margin of 24.12% and a return on equity of 10.55%. The company had revenue of $42.99 million during the quarter, compared to analysts’ expectations of $42.52 million. 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 business also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th were paid a dividend of $0.42 per share. The ex-dividend date of this dividend was Tuesday, September 30th. This represents a $1.68 annualized dividend and a yield of 11.7%. Crescent Capital BDC’s dividend payout ratio is currently 140.00%.

Crescent Capital BDC 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.