Crescent Capital BDC, Inc. (NASDAQ:CCAP) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of Crescent Capital BDC, Inc. (NASDAQ:CCAP) have been assigned a consensus rating of “Moderate Buy” from the six brokerages that are currently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation, three have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $16.3750.

CCAP has been the subject of a number of research reports. Oppenheimer decreased their target price on Crescent Capital BDC from $20.00 to $19.00 and set an “outperform” rating for the company in a research note on Friday, November 14th. Keefe, Bruyette & Woods reduced their price objective on Crescent Capital BDC from $17.00 to $15.50 and set an “outperform” rating for the company in a research report on Friday, November 14th. Wells Fargo & Company dropped their target price on Crescent Capital BDC from $15.00 to $14.00 and set an “equal weight” rating on the stock in a research report on Friday, November 14th. Wall Street Zen cut Crescent Capital BDC from a “hold” rating to a “sell” rating in a research note on Saturday, November 15th. Finally, LADENBURG THALM/SH SH upgraded shares of Crescent Capital BDC to a “strong-buy” rating in a research report on Friday, August 15th.

Crescent Capital BDC Stock Up 2.3%

Shares of NASDAQ:CCAP opened at $14.90 on Friday. The company’s fifty day moving average is $14.05 and its two-hundred day moving average is $14.64. The company has a debt-to-equity ratio of 1.23, a quick ratio of 1.20 and a current ratio of 1.20. Crescent Capital BDC has a 1-year low of $13.03 and a 1-year high of $20.19. The stock has a market capitalization of $551.15 million, a price-to-earnings ratio of 15.20 and a beta of 0.55.

Crescent Capital BDC (NASDAQ:CCAP) last posted its quarterly earnings results on Wednesday, November 12th. The company reported $0.46 EPS for the quarter, missing the consensus estimate of $0.47 by ($0.01). The business had revenue of $41.35 million during the quarter, compared to analyst estimates of $42.35 million. Crescent Capital BDC had a net margin of 20.84% and a return on equity of 9.76%. Equities analysts anticipate that Crescent Capital BDC will post 2.09 EPS for the current year.

Crescent Capital BDC Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 15th. Shareholders of record on Wednesday, December 31st will be given a $0.42 dividend. The ex-dividend date is Wednesday, December 31st. This represents a $1.68 annualized dividend and a yield of 11.3%. Crescent Capital BDC’s dividend payout ratio is 171.43%.

Hedge Funds Weigh In On Crescent Capital BDC

Hedge funds and other institutional investors have recently made changes to their positions in the business. Alpine Global Management LLC acquired a new stake in Crescent Capital BDC in the 3rd quarter valued at approximately $3,137,000. Two Sigma Investments LP grew its stake in shares of Crescent Capital BDC by 199.6% in the third quarter. Two Sigma Investments LP now owns 269,649 shares of the company’s stock worth $3,845,000 after purchasing an additional 179,660 shares in the last quarter. Bulldog Investors LLP increased its holdings in shares of Crescent Capital BDC by 50.7% during the third quarter. Bulldog Investors LLP now owns 437,518 shares of the company’s stock valued at $6,239,000 after purchasing an additional 147,135 shares during the period. North Ground Capital raised its stake in shares of Crescent Capital BDC by 34.4% during the third quarter. North Ground Capital now owns 418,000 shares of the company’s stock valued at $5,961,000 after purchasing an additional 107,000 shares in the last quarter. Finally, Jane Street Group LLC acquired a new stake in Crescent Capital BDC in the second quarter worth about $1,448,000. 49.46% of the stock is currently owned by institutional investors and hedge funds.

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.