Crescent Capital BDC (NASDAQ:CCAP) Sees Strong Trading Volume - Should You Buy?

Crescent Capital BDC, Inc. (NASDAQ:CCAP - Get Free Report) shares saw unusually-strong trading volume on Friday . Approximately 144,505 shares traded hands during trading, an increase of 6% from the previous session's volume of 136,144 shares.The stock last traded at $15.92 and had previously closed at $16.88.

Analyst Upgrades and Downgrades

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

Crescent Capital BDC Stock Performance

The company has a quick ratio of 1.26, a current ratio of 1.32 and a debt-to-equity ratio of 1.18. The stock has a market cap of $567.79 million, a P/E ratio of 7.70 and a beta of 0.56. The firm's 50-day moving average is $18.03 and its two-hundred day moving average is $18.64.

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

Crescent Capital BDC Dividend Announcement

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

Institutional Trading of Crescent Capital BDC

Several large investors have recently made changes to their positions in the stock. Franklin Resources Inc. lifted its holdings in Crescent Capital BDC by 12.8% in the 4th quarter. Franklin Resources Inc. now owns 289,131 shares of the company's stock worth $5,557,000 after purchasing an additional 32,852 shares during the last quarter. Condor Capital Management raised its position in shares of Crescent Capital BDC by 4.7% in the fourth quarter. Condor Capital Management now owns 284,055 shares of the company's stock valued at $5,460,000 after purchasing an additional 12,852 shares during the period. Wells Fargo & Company MN lifted its stake in shares of Crescent Capital BDC by 0.5% in the fourth quarter. Wells Fargo & Company MN now owns 253,182 shares of the company's stock worth $4,866,000 after buying an additional 1,210 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of Crescent Capital BDC during the 4th quarter worth $3,750,000. Finally, Denali Advisors LLC boosted its holdings in shares of Crescent Capital BDC by 0.5% during the 4th quarter. Denali Advisors LLC now owns 183,783 shares of the company's stock worth $3,532,000 after buying an additional 855 shares during the period. Institutional investors own 49.46% of the company's stock.

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.