Crescent BDC is a business development company that seeks to maximize the total return of its stockholders in the form of current income and capital appreciation by providing capital solutions to middle market companies with sound business fundamentals and strong growth prospects. Crescent BDC utilizes the extensive experience, origination capabilities and disciplined investment process of Crescent Capital Group LP ('Crescent'). Crescent BDC is externally managed by Crescent Cap Advisors, a subsidiary of Crescent. Crescent BDC has elected to be regulated as a business development company under the Investment Company Act of 1940.
Company profile
Ticker
CCAP
Exchange
Website
CEO
Jason Breaux
Employees
Incorporated
Location
Fiscal year end
SEC CIK
Corporate docs
Subsidiaries
Crescent Capital BDC Funding, LLC • CBDC Universal Equity, Inc. • CCAP CA Lending LLC ...
IRS number
473162282
CCAP stock data
Latest filings (excl ownership)
DEFA14A
Additional proxy soliciting materials
26 Mar 24
DEF 14A
Definitive proxy
26 Mar 24
8-K
Declares a First Quarter Regular Dividend of $0.41 Per Share and a Fourth Quarter Supplemental Dividend of $0.10 Per Share
21 Feb 24
10-K
2023 FY
Annual report
21 Feb 24
8-K
Declares a Fourth Quarter Regular Dividend of $0.41 Per Share and Third Quarter Supplemental Dividend of $0.09 Per Share
8 Nov 23
10-Q
2023 Q3
Quarterly report
8 Nov 23
8-K
Results of Operations and Financial Condition
9 Aug 23
10-Q
2023 Q2
Quarterly report
9 Aug 23
8-K
Entry into a Material Definitive Agreement
28 Jul 23
8-K
Submission of Matters to a Vote of Security Holders
17 May 23
Transcripts
CCAP
Earnings call transcript
2023 Q3
9 Nov 23
CCAP
Earnings call transcript
2023 Q2
10 Aug 23
CCAP
Earnings call transcript
2023 Q1
11 May 23
CCAP
Earnings call transcript
2022 Q4
23 Feb 23
CCAP
Earnings call transcript
2022 Q3
10 Nov 22
CCAP
Earnings call transcript
2022 Q2
11 Aug 22
CCAP
Earnings call transcript
2022 Q1
10 May 22
CCAP
Earnings call transcript
2021 Q4
27 Feb 22
CCAP
Earnings call transcript
2021 Q4
24 Feb 22
CCAP
Earnings call transcript
2021 Q3
11 Nov 21
Latest ownership filings
SC 13G/A
FAIRFAX FINANCIAL HOLDINGS LTD/ CAN
10 Apr 24
3
Henry Chung
22 Feb 24
5
Kirill Bouek
13 Feb 24
5
Erik G Barrios
13 Feb 24
SC 13G
Karpus Management, Inc.
13 Feb 24
5
George G. Jr. Strong
13 Feb 24
5
Steven F. Strandberg
13 Feb 24
5
Michael Scott Segal
13 Feb 24
SC 13G/A
Texas County & District Retirement System
31 Jan 24
4
Gerhard Lombard
5 Dec 23
Financial summary
Quarter (USD) | Sep 23 | Jun 23 | Mar 23 | Dec 22 | |
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Diluted EPS |
Annual (USD) | Dec 22 | Dec 21 | Dec 20 | Dec 19 | |
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Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 22.76 mm | 22.76 mm | 22.76 mm | 22.76 mm | 22.76 mm | 22.76 mm |
Cash burn (monthly) | (no burn) | (no burn) | 8.69 mm | 7.66 mm | 145.33 k | (no burn) |
Cash used (since last report) | n/a | n/a | 59.54 mm | 52.44 mm | 995.43 k | n/a |
Cash remaining | n/a | n/a | -36.79 mm | -29.68 mm | 21.76 mm | n/a |
Runway (months of cash) | n/a | n/a | -4.2 | -3.9 | 149.7 | n/a |
Institutional ownership, Q3 2023
36.1% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 69 |
Opened positions | 10 |
Closed positions | 10 |
Increased positions | 24 |
Reduced positions | 18 |
13F shares | Current |
---|---|
Total value | 199.90 bn |
Total shares | 13.36 mm |
Total puts | 14.90 k |
Total calls | 29.60 k |
Total put/call ratio | 0.5 |
Largest owners | Shares | Value |
---|---|---|
FNF Fidelity National Financial | 4.21 mm | $71.91 bn |
FRFHF Fairfax Financial Holdings LTD/ Can | 2.09 mm | $35.79 bn |
SLF Sun Life Financial | 1.71 mm | $29.17 mm |
Mariner | 703.02 k | $12.02 bn |
Ares Management | 470.32 k | $8.04 bn |
Cooperman Leon G | 419.98 k | $7.18 bn |
Millennium Management | 382.54 k | $6.54 bn |
Relative Value Partners | 375.29 k | $6.42 bn |
Two Sigma Investments | 212.21 k | $3.63 bn |
Condor Capital Management | 190.84 k | $3.26 bn |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
31 Dec 23 | Michael Scott Segal | Common Stock | Other | Acquire J | Yes | No | 0 | 498 | 0.00 | 4,619 |
31 Dec 23 | Steven F. Strandberg | Common Stock | Other | Acquire J | Yes | No | 0 | 9,968 | 0.00 | 92,420 |
31 Dec 23 | George G. Jr. Strong | Common Stock | Other | Acquire J | Yes | No | 0 | 1,994 | 0.00 | 18,482 |
31 Dec 23 | George G. Jr. Strong | Common Stock | Other | Acquire J | Yes | No | 0 | 1,495 | 0.00 | 13,863 |
4 Dec 23 | George Hawley | Common Stock | Other | Acquire J | No | Yes | 0 | 3,022 | 0.00 | 13,378.05 |