Hennion & Walsh Asset Management Inc. Acquires New Shares in Crescent Capital BDC, Inc. (NASDAQ:CCAP)

Hennion & Walsh Asset Management Inc. acquired a new stake in Crescent Capital BDC, Inc. (NASDAQ:CCAP) in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 17,530 shares of the company’s stock, valued at approximately $303,000.

A number of other large investors have also made changes to their positions in CCAP. Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of Crescent Capital BDC in the 3rd quarter valued at $240,000. Trexquant Investment LP bought a new stake in shares of Crescent Capital BDC in the 3rd quarter valued at $520,000. Anchor Investment Management LLC bought a new stake in shares of Crescent Capital BDC in the 4th quarter valued at $342,000. SG Americas Securities LLC bought a new position in Crescent Capital BDC during the 4th quarter worth about $197,000. Finally, Silverberg Bernstein Capital Management LLC bought a new position in Crescent Capital BDC during the 4th quarter worth about $248,000. Institutional investors own 49.46% of the company’s stock.

Analysts Set New Price Targets

CCAP has been the subject of a number of research reports. Raymond James increased their target price on Crescent Capital BDC from $18.00 to $19.00 and gave the stock an “outperform” rating in a report on Friday, May 10th. Wells Fargo & Company increased their target price on Crescent Capital BDC from $16.50 to $18.00 and gave the stock an “equal weight” rating in a report on Monday, May 13th. Finally, Keefe, Bruyette & Woods increased their target price on Crescent Capital BDC from $18.50 to $19.00 and gave the stock an “outperform” rating in a report on Thursday, May 23rd.

Crescent Capital BDC Price Performance

Shares of NASDAQ CCAP opened at $19.27 on Friday. The stock has a market capitalization of $714.15 million, a price-to-earnings ratio of 6.86 and a beta of 0.81. The business has a 50-day moving average of $18.27 and a 200-day moving average of $17.41. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.36 and a quick ratio of 1.36. Crescent Capital BDC, Inc. has a fifty-two week low of $15.03 and a fifty-two week high of $19.42.

Crescent Capital BDC (NASDAQ:CCAP) last announced its quarterly earnings data on Wednesday, May 8th. The company reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.59 by $0.04. The company had revenue of $50.36 million during the quarter, compared to analysts’ expectations of $48.31 million. Crescent Capital BDC had a return on equity of 11.99% and a net margin of 53.32%. As a group, sell-side analysts predict that Crescent Capital BDC, Inc. will post 2.34 earnings per share for the current fiscal year.

Crescent Capital BDC Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Friday, June 28th will be issued a $0.42 dividend. This is a boost from Crescent Capital BDC’s previous quarterly dividend of $0.41. The ex-dividend date is Friday, June 28th. This represents a $1.68 annualized dividend and a dividend yield of 8.72%. Crescent Capital BDC’s dividend payout ratio (DPR) is presently 59.79%.

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.