Generation Capital Management LLC Invests $192,000 in Crescent Capital BDC, Inc. (NASDAQ:CCAP)

Generation Capital Management LLC purchased a new stake in shares of Crescent Capital BDC, Inc. (NASDAQ:CCAP) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 10,000 shares of the company’s stock, valued at approximately $192,000.

Several other hedge funds have also bought and sold shares of the business. Raymond James Financial Inc. purchased a new position in Crescent Capital BDC in the fourth quarter worth about $3,750,000. Franklin Resources Inc. raised its holdings in Crescent Capital BDC by 35.2% in the 3rd quarter. Franklin Resources Inc. now owns 256,279 shares of the company’s stock worth $4,726,000 after acquiring an additional 66,713 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. bought a new position in Crescent Capital BDC in the 4th quarter valued at approximately $661,000. Redhawk Wealth Advisors Inc. bought a new position in Crescent Capital BDC in the 4th quarter valued at approximately $659,000. Finally, Stifel Financial Corp boosted its stake in Crescent Capital BDC by 53.1% during the 3rd quarter. Stifel Financial Corp now owns 66,470 shares of the company’s stock valued at $1,230,000 after purchasing an additional 23,055 shares during the last quarter. Institutional investors own 49.46% of the company’s stock.

Wall Street Analysts Forecast Growth

CCAP has been the subject of a number of research reports. Wells Fargo & Company decreased their target price on shares of Crescent Capital BDC from $19.00 to $18.00 and set an “equal weight” rating for the company in a research note on Friday, February 21st. Keefe, Bruyette & Woods lowered their target price on Crescent Capital BDC from $20.00 to $18.50 and set an “outperform” rating on the stock in a report on Tuesday, April 8th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, Crescent Capital BDC currently has a consensus rating of “Moderate Buy” and a consensus target price of $18.90.

Crescent Capital BDC Price Performance

Shares of Crescent Capital BDC stock opened at $15.48 on Friday. The stock has a market cap of $573.76 million, a P/E ratio of 7.78 and a beta of 0.56. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.26 and a current ratio of 1.32. The stock’s fifty day moving average is $17.30 and its 200 day moving average is $18.43. Crescent Capital BDC, Inc. has a one year low of $13.54 and a one year high of $20.19.

Crescent Capital BDC (NASDAQ:CCAP) last posted its quarterly earnings data on Wednesday, February 19th. The company reported $0.55 EPS for the quarter, missing the consensus estimate of $0.56 by ($0.01). The company 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%. Sell-side analysts anticipate that Crescent Capital BDC, Inc. will post 2.09 earnings per share for the current year.

Crescent Capital BDC Dividend Announcement

The company also recently declared a dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were given a $0.05 dividend. The ex-dividend date of this dividend was Friday, February 28th. Crescent Capital BDC’s payout ratio 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.