Wells Fargo & Company Lowers Crescent Capital BDC (NASDAQ:CCAP) Price Target to $18.00

Crescent Capital BDC (NASDAQ:CCAP) had its target price dropped by analysts at Wells Fargo & Company from $19.00 to $18.00 in a note issued to investors on Wednesday, Benzinga reports. The brokerage presently has an “equal weight” rating on the stock. Wells Fargo & Company‘s target price indicates a potential upside of 1.29% from the company’s current price.

A number of other research analysts have also weighed in on CCAP. Raymond James increased their price target on Crescent Capital BDC from $18.00 to $19.00 and gave the stock an “outperform” rating in a research note on Friday, May 10th. Keefe, Bruyette & Woods increased their price target on Crescent Capital BDC from $18.50 to $19.00 and gave the stock an “outperform” rating in a research note on Thursday, May 23rd.

Crescent Capital BDC Price Performance

Shares of NASDAQ:CCAP opened at $17.77 on Wednesday. The business’s fifty day moving average price is $18.75 and its two-hundred day moving average price is $17.72. The stock has a market cap of $658.59 million, a PE ratio of 6.32 and a beta of 0.81. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.36 and a current ratio of 1.36. Crescent Capital BDC has a one year low of $15.03 and a one year high of $19.63.

Crescent Capital BDC (NASDAQ:CCAP) last announced its earnings results on Monday, August 12th. The company reported $0.59 EPS for the quarter, beating analysts’ consensus estimates of $0.58 by $0.01. The firm had revenue of $48.95 million for the quarter, compared to analysts’ expectations of $48.05 million. Crescent Capital BDC had a return on equity of 11.99% and a net margin of 53.32%. During the same quarter in the prior year, the firm earned $0.56 EPS. On average, analysts forecast that Crescent Capital BDC will post 2.34 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in CCAP. Cape Investment Advisory Inc. purchased a new position in shares of Crescent Capital BDC in the 4th quarter worth $63,000. Tucker Asset Management LLC purchased a new position in Crescent Capital BDC in the fourth quarter valued at about $167,000. XTX Topco Ltd purchased a new position in Crescent Capital BDC in the second quarter valued at about $195,000. Alpine Global Management LLC acquired a new stake in shares of Crescent Capital BDC during the first quarter valued at about $217,000. Finally, Catalina Capital Group LLC acquired a new stake in shares of Crescent Capital BDC during the second quarter valued at about $220,000. 49.46% of the stock is owned by hedge funds and other institutional investors.

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.