Insider Buying: Crescent Capital BDC, Inc. (NASDAQ:CCAP) CFO Acquires $11,788.00 in Stock

Crescent Capital BDC, Inc. (NASDAQ:CCAPGet Rating) CFO Gerhard Lombard bought 700 shares of the company’s stock in a transaction on Monday, May 23rd. The stock was bought at an average cost of $16.84 per share, for a total transaction of $11,788.00. Following the completion of the acquisition, the chief financial officer now directly owns 21,674 shares of the company’s stock, valued at approximately $364,990.16. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link.

Gerhard Lombard also recently made the following trade(s):

  • On Thursday, May 12th, Gerhard Lombard purchased 1,000 shares of Crescent Capital BDC stock. The shares were acquired at an average cost of $16.89 per share, for a total transaction of $16,890.00.

Crescent Capital BDC stock opened at $17.59 on Friday. The stock has a market cap of $543.36 million, a PE ratio of 6.51, a price-to-earnings-growth ratio of 0.88 and a beta of 0.88. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.80 and a current ratio of 0.80. Crescent Capital BDC, Inc. has a one year low of $16.55 and a one year high of $21.48. The stock has a fifty day moving average of $17.62 and a 200 day moving average of $17.96.

Crescent Capital BDC (NASDAQ:CCAPGet Rating) last posted its quarterly earnings data on Wednesday, February 23rd. The company reported $0.42 EPS for the quarter, beating analysts’ consensus estimates of $0.41 by $0.01. The company had revenue of $24.14 million during the quarter, compared to analysts’ expectations of $24.24 million. Crescent Capital BDC had a return on equity of 7.88% and a net margin of 78.46%. As a group, sell-side analysts predict that Crescent Capital BDC, Inc. will post 1.66 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, July 15th. Shareholders of record on Thursday, June 30th will be given a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a yield of 9.32%. The ex-dividend date of this dividend is Wednesday, June 29th. Crescent Capital BDC’s payout ratio is 60.74%.

CCAP has been the topic of a number of research analyst reports. Bank of America initiated coverage on Crescent Capital BDC in a report on Monday, January 31st. They set a “buy” rating and a $19.50 price target on the stock. Wells Fargo & Company lowered their price target on Crescent Capital BDC from $19.50 to $18.50 and set an “overweight” rating on the stock in a report on Monday, April 25th. Finally, Zacks Investment Research cut Crescent Capital BDC from a “hold” rating to a “sell” rating in a research report on Tuesday, April 26th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $19.70.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Royal Bank of Canada increased its position in Crescent Capital BDC by 157.0% in the first quarter. Royal Bank of Canada now owns 33,928 shares of the company’s stock worth $604,000 after buying an additional 20,728 shares in the last quarter. Captrust Financial Advisors increased its position in Crescent Capital BDC by 797.8% in the first quarter. Captrust Financial Advisors now owns 62,726 shares of the company’s stock worth $1,117,000 after buying an additional 55,739 shares in the last quarter. UBS Group AG increased its position in Crescent Capital BDC by 48.2% in the first quarter. UBS Group AG now owns 6,645 shares of the company’s stock worth $118,000 after buying an additional 2,160 shares in the last quarter. Ares Management LLC increased its position in Crescent Capital BDC by 54.0% in the first quarter. Ares Management LLC now owns 657,838 shares of the company’s stock worth $11,710,000 after buying an additional 230,593 shares in the last quarter. Finally, Sun Life Financial Inc. increased its position in Crescent Capital BDC by 62.1% in the first quarter. Sun Life Financial Inc. now owns 1,076,654 shares of the company’s stock worth $19,164,000 after buying an additional 412,640 shares in the last quarter. Institutional investors and hedge funds own 54.76% of the company’s stock.

Crescent Capital BDC Company Profile (Get Rating)

Crescent Capital BDC, Inc is a business development company. The fund focuses on originating and investing in the debt of middle market companies. It typically focuses on companies based in United States.

Further Reading

Insider Buying and Selling by Quarter for Crescent Capital BDC (NASDAQ:CCAP)

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