Crescent Capital BDC, Inc. (NASDAQ:CCAP) Sees Large Decline in Short Interest

Crescent Capital BDC, Inc. (NASDAQ:CCAP - Get Free Report) saw a large decrease in short interest in the month of November. As of November 30th, there was short interest totalling 75,600 shares, a decrease of 33.0% from the November 15th total of 112,800 shares. Based on an average daily volume of 105,700 shares, the days-to-cover ratio is currently 0.7 days.

Crescent Capital BDC Stock Up 0.4 %

Crescent Capital BDC stock traded up $0.07 during mid-day trading on Friday, hitting $19.98. The company had a trading volume of 100,414 shares, compared to its average volume of 129,315. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 1.14. Crescent Capital BDC has a 1 year low of $15.91 and a 1 year high of $20.03. The business has a fifty day moving average of $18.79 and a 200 day moving average of $18.65. The stock has a market cap of $740.50 million, a price-to-earnings ratio of 7.84 and a beta of 0.82.

Crescent Capital BDC Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be paid a dividend of $0.42 per share. This is a positive change from Crescent Capital BDC's previous quarterly dividend of $0.07. This represents a $1.68 annualized dividend and a yield of 8.41%. The ex-dividend date of this dividend is Tuesday, December 31st. Crescent Capital BDC's dividend payout ratio (DPR) is currently 65.88%.

Hedge Funds Weigh In On Crescent Capital BDC

Several large investors have recently bought and sold shares of the stock. Point72 Asset Management L.P. acquired a new stake in Crescent Capital BDC during the 2nd quarter worth $90,000. XTX Topco Ltd purchased a new stake in shares of Crescent Capital BDC in the second quarter valued at about $195,000. Catalina Capital Group LLC acquired a new stake in shares of Crescent Capital BDC during the second quarter worth about $220,000. Cubist Systematic Strategies LLC purchased a new position in shares of Crescent Capital BDC during the second quarter worth about $346,000. Finally, Van ECK Associates Corp increased its position in Crescent Capital BDC by 136.1% in the 2nd quarter. Van ECK Associates Corp now owns 26,521 shares of the company's stock valued at $498,000 after acquiring an additional 15,288 shares during the period. Institutional investors and hedge funds own 49.46% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on CCAP. LADENBURG THALM/SH SH began coverage on Crescent Capital BDC in a research report on Monday, September 30th. They set a "buy" rating and a $20.00 price objective for the company. Keefe, Bruyette & Woods boosted their price target on shares of Crescent Capital BDC from $19.00 to $20.00 and gave the stock an "outperform" rating in a report on Monday, November 25th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $19.17.

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.