Redhawk Wealth Advisors Inc. Makes New Investment in Crescent Capital BDC, Inc. (NASDAQ:CCAP)

Redhawk Wealth Advisors Inc. purchased a new position in shares of Crescent Capital BDC, Inc. (NASDAQ:CCAP) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 34,302 shares of the company’s stock, valued at approximately $659,000. Redhawk Wealth Advisors Inc. owned 0.09% of Crescent Capital BDC at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the business. Confluence Investment Management LLC increased its position in shares of Crescent Capital BDC by 0.9% during the fourth quarter. Confluence Investment Management LLC now owns 73,839 shares of the company’s stock worth $1,419,000 after acquiring an additional 633 shares in the last quarter. HighTower Advisors LLC increased its holdings in Crescent Capital BDC by 0.5% during the 3rd quarter. HighTower Advisors LLC now owns 141,838 shares of the company’s stock worth $2,624,000 after purchasing an additional 768 shares in the last quarter. Point72 Asset Management L.P. bought a new position in Crescent Capital BDC during the 2nd quarter worth about $90,000. XTX Topco Ltd acquired a new stake in shares of Crescent Capital BDC in the 2nd quarter valued at about $195,000. Finally, Pettinga Financial Advisors LLC lifted its holdings in shares of Crescent Capital BDC by 95.8% in the third quarter. Pettinga Financial Advisors LLC now owns 29,017 shares of the company’s stock valued at $537,000 after purchasing an additional 14,200 shares in the last quarter. Institutional investors own 49.46% of the company’s stock.

Crescent Capital BDC Stock Up 0.7 %

CCAP stock opened at $19.36 on Friday. The company has a market cap of $717.48 million, a price-to-earnings ratio of 7.59 and a beta of 0.81. Crescent Capital BDC, Inc. has a twelve month low of $15.91 and a twelve month high of $20.03. The business has a 50 day moving average price of $19.25 and a two-hundred day moving average price of $18.76. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 1.14.

Crescent Capital BDC Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were paid a $0.42 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This is a boost from Crescent Capital BDC’s previous quarterly dividend of $0.07. This represents a $1.68 annualized dividend and a dividend yield of 8.68%. Crescent Capital BDC’s dividend payout ratio (DPR) is currently 65.88%.

Analysts Set New Price Targets

CCAP has been the topic of several research reports. Keefe, Bruyette & Woods boosted their target price on Crescent Capital BDC from $19.00 to $20.00 and gave the company an “outperform” rating in a research note on Monday, November 25th. LADENBURG THALM/SH SH initiated coverage on shares of Crescent Capital BDC in a research report on Monday, September 30th. They issued a “buy” rating and a $20.00 price objective on the stock. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $19.17.

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.