{
  "id": 6507250,
  "title": "Fidelity & Guaranty Life sells $2.7m of Crescent Capital BDC stock",
  "url": "https://urgent.news/2026/09/10/fidelity-guaranty-life-sells-2-7m-of-crescent-capital-bdc-stock",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-10T00:15:58.000Z",
  "source": {
    "name": "Investing.com",
    "slug": "investing-com",
    "url": "https://www.investing.com/news/insider-trading-news/fidelity--guaranty-life-sells-27m-of-crescent-capital-bdc-stock-93CH-4894792"
  },
  "original_language": "en",
  "account": "Fidelity & Guaranty Life Insurance Co., which owns 10% of Crescent Capital BDC Inc., recently sold 265,490 shares of the company's common stock. The transactions took place on September 8 and September 9, 2026, with the shares traded at prices between $10.2288 and $10.3322, and $10.18 and $10.28 per share, respectively. The volume-weighted average price for the shares sold on September 8 was $10.3322, while the price for the September 9 sale was $10.2288. Following these sales, Fidelity & Guaranty Life Insurance Company of New York, a subsidiary of the reporting company, now owns 3,680,307 shares of Crescent Capital BDC common stock.\n\nCrescent Capital BDC reported its second-quarter 2026 financial results on September 9, 2026. The company's net investment income per share was $0.36, which was slightly below the estimated $0.3667 per share. Despite the shortfall in revenue, the net investment income was enough to cover its $0.34 base dividend and enable a previously announced special payout. Keefe, Bruyette & Woods recently downgraded Crescent Capital BDC's stock rating from Outperform to Market Perform. The downgrade was due to a 2.5% decline in net asset value and weaker earnings, along with concerns about deteriorating credit quality over the past two years. They also adjusted the price target for Crescent BDC from $13.00 to $12.00. These events indicate recent challenges facing Crescent Capital BDC Inc.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "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."
}