{
  "id": 4018239,
  "title": "Fidelity & Guaranty Life sells $628,590 in Crescent Capital BDC shares",
  "url": "https://urgent.news/2026/08/28/fidelity-guaranty-life-sells-628-590-in-crescent-capital-bdc-shares",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-28T19:31:36.000Z",
  "source": {
    "name": "Investing.com",
    "slug": "investing-com",
    "url": "https://www.investing.com/news/insider-trading-news/fidelity--guaranty-life-sells-628590-in-crescent-capital-bdc-shares-93CH-4881767"
  },
  "original_language": "en",
  "account": "Fidelity & Guaranty Life Insurance Co., which owns and directs Crescent Capital BDC, Inc., sold $628,590 worth of the company's shares over two days in late August 2026. The transactions, spread across August 26 and 27, averaged out at $10.6013 to $10.6043 per share. Specifically, on August 26, the company sold 32,091 shares at an average price of $10.6013, while on August 27, an additional 27,195 shares were sold at a slightly higher average price of $10.6043.\n\nAfter these sales, the reporting person's beneficial ownership in Crescent Capital BDC, Inc. is now 4,072,564 shares, held indirectly by Fidelity & Guaranty Life Insurance Company of New York, a wholly owned subsidiary. Meanwhile, Crescent Capital BDC reported a net investment income of $0.36 per share for the second quarter of 2026, slightly below projections. Despite this, the company confirmed it had enough income to meet a $0.34 base dividend and a special payout.\n\nKeefe, Bruyette & Woods recently downgraded Crescent Capital BDC's stock rating from \"Outperform\" to \"Market Perform\", citing a 2.5% drop in net asset value and worsening credit quality over the past two years. The firm also reduced its price target for the stock from $13.00 to $12.00. These recent events underscore the ongoing challenges facing the company.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Investing.com",
        "title": "Voss Capital, a Flywire director, sells $2.27 million in stock",
        "url": "https://urgent.news/2026/08/28/voss-capital-a-flywire-director-sells-2-27-million-in-stock",
        "published": "2026-08-28T17:46:19.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}