Short Interest in Crescent Capital BDC, Inc. (NASDAQ:CCAP) Declines By 9.2%

Crescent Capital BDC, Inc. (NASDAQ:CCAP) was the recipient of a significant decrease in short interest during the month of July. As of July 31st, there was short interest totalling 120,500 shares, a decrease of 9.2% from the July 15th total of 132,700 shares. Based on an average daily volume of 202,800 shares, the days-to-cover ratio is presently 0.6 days.

Crescent Capital BDC Stock Down 0.1 %

Shares of NASDAQ CCAP traded down $0.01 during trading on Tuesday, reaching $18.24. 9,082 shares of the stock were exchanged, compared to its average volume of 140,999. The company has a market capitalization of $676.01 million, a price-to-earnings ratio of 6.49 and a beta of 0.81. The business’s 50-day moving average price is $18.70 and its 200 day moving average price is $17.77. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 1.11. Crescent Capital BDC has a twelve month low of $15.03 and a twelve month high of $19.63.

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

Crescent Capital BDC Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be paid a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a yield of 9.21%. The ex-dividend date is Monday, September 30th. This is a positive change from Crescent Capital BDC’s previous quarterly dividend of $0.09. Crescent Capital BDC’s dividend payout ratio (DPR) is 59.79%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on CCAP. Wells Fargo & Company decreased their price target on Crescent Capital BDC from $19.00 to $18.00 and set an “equal weight” rating on the stock in a research note on Wednesday, August 14th. Raymond James boosted their target price on shares of Crescent Capital BDC from $18.00 to $19.00 and gave the company an “outperform” rating in a report on Friday, May 10th. Bank of America decreased their price target on shares of Crescent Capital BDC from $20.00 to $19.00 and set a “buy” rating on the stock in a report on Thursday, August 15th. Finally, Keefe, Bruyette & Woods lifted their price target on shares of Crescent Capital BDC from $18.50 to $19.00 and gave the company an “outperform” rating in a research report on Thursday, May 23rd. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $18.80.

Institutional Investors Weigh In On Crescent Capital BDC

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Cape Investment Advisory Inc. acquired a new position in Crescent Capital BDC in the fourth quarter worth about $63,000. Point72 Asset Management L.P. bought a new position in Crescent Capital BDC during the second quarter worth $90,000. Tucker Asset Management LLC acquired a new stake in shares of Crescent Capital BDC during the fourth quarter worth $167,000. XTX Topco Ltd bought a new position in shares of Crescent Capital BDC in the 2nd quarter worth about $195,000. Finally, Catalina Capital Group LLC acquired a new position in shares of Crescent Capital BDC in the 2nd quarter valued at about $220,000. 49.46% of the stock is currently owned by hedge funds and other institutional investors.

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.