Crescent Capital BDC, Inc. (NASDAQ:CCAP - Get Free Report) saw a significant increase in short interest in the month of January. As of January 15th, there was short interest totalling 104,500 shares, an increase of 19.2% from the December 31st total of 87,700 shares. Based on an average daily trading volume, of 102,500 shares, the short-interest ratio is presently 1.0 days.
Institutional Investors Weigh In On Crescent Capital BDC
Several institutional investors have recently made changes to their positions in CCAP. Janney Montgomery Scott LLC boosted its stake in shares of Crescent Capital BDC by 174.1% during the 3rd quarter. Janney Montgomery Scott LLC now owns 47,264 shares of the company's stock worth $874,000 after acquiring an additional 30,018 shares in the last quarter. Franklin Resources Inc. increased its holdings in Crescent Capital BDC by 35.2% during the 3rd quarter. Franklin Resources Inc. now owns 256,279 shares of the company's stock valued at $4,726,000 after acquiring an additional 66,713 shares in the last quarter. Stifel Financial Corp increased its holdings in Crescent Capital BDC by 53.1% during the 3rd quarter. Stifel Financial Corp now owns 66,470 shares of the company's stock valued at $1,230,000 after acquiring an additional 23,055 shares in the last quarter. Sun Life Financial Inc. raised its position in Crescent Capital BDC by 20.7% during the third quarter. Sun Life Financial Inc. now owns 2,226,308 shares of the company's stock worth $41,187,000 after acquiring an additional 382,542 shares during the last quarter. Finally, International Assets Investment Management LLC purchased a new stake in shares of Crescent Capital BDC in the third quarter valued at about $1,899,000. 49.46% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
Several research firms have recently weighed in on CCAP. Wells Fargo & Company increased their price objective on Crescent Capital BDC from $18.00 to $19.00 and gave the company an "equal weight" rating in a report on Wednesday, January 29th. Keefe, Bruyette & Woods increased their price target on shares of Crescent Capital BDC from $19.00 to $20.00 and gave the stock an "outperform" rating in a research note on Monday, November 25th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $19.33.
Check Out Our Latest Stock Report on Crescent Capital BDC
Crescent Capital BDC Stock Performance
CCAP traded up $0.09 during trading on Thursday, hitting $19.71. The stock had a trading volume of 73,077 shares, compared to its average volume of 80,616. The firm has a market capitalization of $730.45 million, a P/E ratio of 7.73 and a beta of 0.81. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.26 and a current ratio of 1.26. Crescent Capital BDC has a twelve month low of $15.91 and a twelve month high of $20.03. The company's 50-day moving average price is $19.42 and its 200 day moving average price is $18.78.
Crescent Capital BDC (NASDAQ:CCAP - Get Free Report) last issued its quarterly earnings results on Tuesday, November 12th. The company reported $0.64 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.57 by $0.07. Crescent Capital BDC had a net margin of 47.06% and a return on equity of 12.20%. The business had revenue of $51.63 million for the quarter, compared to analyst estimates of $48.76 million. During the same period in the previous year, the business posted $0.59 earnings per share. On average, equities research analysts forecast that Crescent Capital BDC will post 2.43 EPS for the current fiscal year.
Crescent Capital BDC Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were paid a $0.42 dividend. The ex-dividend date was Tuesday, December 31st. This is an increase from Crescent Capital BDC's previous quarterly dividend of $0.07. This represents a $1.68 dividend on an annualized basis and a dividend yield of 8.52%. Crescent Capital BDC's payout ratio is 65.88%.
About Crescent Capital BDC
(
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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.
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