Crescent Capital BDC, Inc. (NASDAQ:CCAP – Get Free Report) saw a significant decrease in short interest in the month of July. As of July 15th, there was short interest totalling 132,700 shares, a decrease of 52.9% from the June 30th total of 281,800 shares. Based on an average daily volume of 198,500 shares, the short-interest ratio is presently 0.7 days.
Analyst Ratings Changes
A number of equities research analysts have commented on the stock. Raymond James lifted their target price on shares of Crescent Capital BDC from $18.00 to $19.00 and gave the stock an “outperform” rating in a research report on Friday, May 10th. Keefe, Bruyette & Woods upped their price objective on Crescent Capital BDC from $18.50 to $19.00 and gave the company an “outperform” rating in a research report on Thursday, May 23rd. Finally, Wells Fargo & Company raised their target price on Crescent Capital BDC from $18.00 to $19.00 and gave the stock an “equal weight” rating in a research report on Friday.
Get Our Latest Stock Analysis on Crescent Capital BDC
Institutional Investors Weigh In On Crescent Capital BDC
Crescent Capital BDC Price Performance
Crescent Capital BDC stock traded up $0.10 during mid-day trading on Friday, hitting $18.73. The stock had a trading volume of 19,917 shares, compared to its average volume of 142,419. Crescent Capital BDC has a one year low of $15.03 and a one year high of $19.63. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 1.11. The firm has a market capitalization of $694.13 million, a P/E ratio of 6.67 and a beta of 0.81. The firm’s 50 day moving average is $18.71 and its 200 day moving average is $17.59.
Crescent Capital BDC (NASDAQ:CCAP – Get Free Report) last released its quarterly earnings data on Wednesday, May 8th. The company reported $0.63 earnings per share for the quarter, topping analysts’ consensus estimates of $0.59 by $0.04. Crescent Capital BDC had a return on equity of 11.99% and a net margin of 53.32%. The firm had revenue of $50.36 million during the quarter, compared to analyst estimates of $48.31 million. On average, sell-side analysts forecast that Crescent Capital BDC will post 2.34 earnings per share for the current fiscal year.
Crescent Capital BDC Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Monday, July 15th. Shareholders of record on Friday, June 28th were paid a $0.42 dividend. This represents a $1.68 annualized dividend and a yield of 8.97%. This is an increase from Crescent Capital BDC’s previous quarterly dividend of $0.41. The ex-dividend date was Friday, June 28th. Crescent Capital BDC’s dividend payout ratio is presently 59.79%.
About Crescent Capital BDC
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.
See Also
- Five stocks we like better than Crescent Capital BDC
- Investing In Preferred Stock vs. Common Stock
- 3M Surprises and Rebound Accelerates: It Isn’t Too Late To Get In
- How to Invest in Biotech Stocks
- Skechers Stock Shows Strength Among Consumer Discretionary Sector
- Dividend Payout Ratio Calculator
- Tech Stocks Tumble, These Stocks Present Buying Opportunity
Receive News & Ratings for Crescent Capital BDC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Crescent Capital BDC and related companies with MarketBeat.com's FREE daily email newsletter.