Analysts Set Crescent Capital BDC, Inc. (NASDAQ:CCAP) Price Target at $19.17

Shares of Crescent Capital BDC, Inc. (NASDAQ:CCAP - Get Free Report) have been assigned an average recommendation of "Moderate Buy" from the six research firms that are presently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $19.17.

A number of research analysts recently issued reports on the company. Keefe, Bruyette & Woods boosted their price target on Crescent Capital BDC from $19.00 to $20.00 and gave the company an "outperform" rating in a report on Monday, November 25th. LADENBURG THALM/SH SH assumed coverage on Crescent Capital BDC in a research note on Monday, September 30th. They set a "buy" rating and a $20.00 target price on the stock.

Institutional Investors Weigh In On Crescent Capital BDC

Several hedge funds have recently made changes to their positions in CCAP. Point72 Asset Management L.P. bought a new position in Crescent Capital BDC in the second quarter worth $90,000. XTX Topco Ltd purchased a new position in Crescent Capital BDC during the 2nd quarter valued at about $195,000. Catalina Capital Group LLC purchased a new position in Crescent Capital BDC during the 2nd quarter valued at about $220,000. Cubist Systematic Strategies LLC bought a new stake in Crescent Capital BDC during the second quarter worth about $346,000. Finally, Van ECK Associates Corp grew its holdings in Crescent Capital BDC by 136.1% in the second quarter. Van ECK Associates Corp now owns 26,521 shares of the company's stock worth $498,000 after purchasing an additional 15,288 shares during the period. 49.46% of the stock is currently owned by institutional investors.

Crescent Capital BDC Trading Up 0.4 %

Shares of CCAP stock traded up $0.07 during mid-day trading on Friday, reaching $19.98. The stock had a trading volume of 100,414 shares, compared to its average volume of 129,315. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 1.14. The stock's 50-day moving average price is $18.79 and its two-hundred day moving average price is $18.65. The firm has a market capitalization of $740.50 million, a PE ratio of 7.84 and a beta of 0.82. Crescent Capital BDC has a 52-week low of $15.91 and a 52-week high of $20.03.

Crescent Capital BDC Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be issued a dividend of $0.42 per share. This is an increase from Crescent Capital BDC's previous quarterly dividend of $0.07. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $1.68 dividend on an annualized basis and a dividend yield of 8.41%. Crescent Capital BDC's dividend payout ratio is 65.88%.

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.