Tudor Investment Corp ET AL Decreases Position in Crescent Capital BDC, Inc. (NASDAQ:CCAP)

Tudor Investment Corp ET AL lowered its position in Crescent Capital BDC, Inc. (NASDAQ:CCAP) by 47.2% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 20,873 shares of the company’s stock after selling 18,682 shares during the period. Tudor Investment Corp ET AL’s holdings in Crescent Capital BDC were worth $401,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in CCAP. Montag A & Associates Inc. acquired a new stake in Crescent Capital BDC during the 4th quarter valued at $35,000. C M Bidwell & Associates Ltd. purchased a new stake in shares of Crescent Capital BDC in the fourth quarter valued at $39,000. Aquatic Capital Management LLC acquired a new stake in shares of Crescent Capital BDC during the fourth quarter valued at $129,000. Generation Capital Management LLC purchased a new stake in Crescent Capital BDC during the 4th quarter worth about $192,000. Finally, Dynamic Technology Lab Private Ltd acquired a new position in Crescent Capital BDC in the 4th quarter valued at about $218,000. Institutional investors and hedge funds own 49.46% of the company’s stock.

Crescent Capital BDC Price Performance

CCAP opened at $16.05 on Friday. Crescent Capital BDC, Inc. has a 1 year low of $13.54 and a 1 year high of $20.19. 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 company’s 50 day simple moving average is $16.29 and its 200 day simple moving average is $18.15. The stock has a market capitalization of $594.81 million, a PE ratio of 8.07 and a beta of 0.63.

Crescent Capital BDC (NASDAQ:CCAP) last announced its quarterly earnings data on Wednesday, February 19th. The company reported $0.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.56 by ($0.01). The company had revenue of $46.40 million for the quarter, compared to analysts’ expectations of $47.27 million. Crescent Capital BDC had a net margin of 37.32% and a return on equity of 11.90%. As a group, sell-side analysts expect that Crescent Capital BDC, Inc. will post 2.09 EPS for the current year.

Crescent Capital BDC Dividend Announcement

The company also recently disclosed a dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 30th will be paid a $0.05 dividend. The ex-dividend date of this dividend is Friday, May 30th. Crescent Capital BDC’s dividend payout ratio is currently 84.42%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on CCAP shares. Wells Fargo & Company lowered their price target on shares of Crescent Capital BDC from $18.00 to $16.00 and set an “equal weight” rating for the company in a report on Monday, April 28th. Keefe, Bruyette & Woods cut their price target on Crescent Capital BDC from $20.00 to $18.50 and set an “outperform” rating for the company in a report on Tuesday, April 8th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, Crescent Capital BDC currently has an average rating of “Moderate Buy” and an average target price of $18.50.

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.