Crescent Capital BDC (NASDAQ:CCAP) Reaches New 12-Month Low - What's Next?

Crescent Capital BDC, Inc. (NASDAQ:CCAP - Get Free Report) reached a new 52-week low during trading on Monday . The company traded as low as $14.36 and last traded at $14.62, with a volume of 103339 shares traded. The stock had previously closed at $15.71.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. Keefe, Bruyette & Woods lowered their price target on shares of Crescent Capital BDC from $20.00 to $18.50 and set an "outperform" rating for the company in a report on Tuesday. Wells Fargo & Company decreased their price objective on shares of Crescent Capital BDC from $19.00 to $18.00 and set an "equal weight" rating for the company in a research report on Friday, February 21st. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, Crescent Capital BDC has an average rating of "Moderate Buy" and a consensus target price of $18.90.

Crescent Capital BDC Trading Down 0.7 %

The firm has a market cap of $537.77 million, a P/E ratio of 7.29 and a beta of 0.56. The business's 50 day moving average is $17.66 and its 200-day moving average is $18.53. The company has a quick ratio of 1.26, a current ratio of 1.32 and a debt-to-equity ratio of 1.18.

Crescent Capital BDC (NASDAQ:CCAP - Get Free Report) last announced its quarterly earnings data on Wednesday, February 19th. The company reported $0.55 earnings per share for the quarter, missing the consensus estimate of $0.56 by ($0.01). The company had revenue of $46.40 million for the quarter, compared to analyst estimates of $47.27 million. Crescent Capital BDC had a return on equity of 11.90% and a net margin of 37.32%. As a group, analysts forecast that Crescent Capital BDC, Inc. will post 2.09 earnings per share for the current fiscal year.

Crescent Capital BDC Announces Dividend

The company also recently disclosed a dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were issued a $0.05 dividend. The ex-dividend date was Friday, February 28th. Crescent Capital BDC's dividend payout ratio is currently 84.42%.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the company. Raymond James Financial Inc. acquired a new stake in shares of Crescent Capital BDC during the 4th quarter valued at approximately $3,750,000. Franklin Resources Inc. increased its stake in Crescent Capital BDC by 35.2% during the third quarter. Franklin Resources Inc. now owns 256,279 shares of the company's stock valued at $4,726,000 after purchasing an additional 66,713 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Crescent Capital BDC during the fourth quarter worth $661,000. Redhawk Wealth Advisors Inc. bought a new position in shares of Crescent Capital BDC in the 4th quarter worth about $659,000. Finally, Stifel Financial Corp lifted its position in shares of Crescent Capital BDC by 53.1% in the 3rd quarter. Stifel Financial Corp now owns 66,470 shares of the company's stock worth $1,230,000 after buying an additional 23,055 shares during the last quarter. Institutional investors own 49.46% of the company's stock.

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.