Keefe, Bruyette & Woods Cuts Crescent Capital BDC (NASDAQ:CCAP) Price Target to $18.50

Crescent Capital BDC (NASDAQ:CCAP - Free Report) had its target price cut by Keefe, Bruyette & Woods from $20.00 to $18.50 in a report released on Tuesday,Benzinga reports. They currently have an outperform rating on the stock.

Separately, Wells Fargo & Company reduced their target price on shares of Crescent Capital BDC from $19.00 to $18.00 and set an "equal weight" rating for the company in a research note on Friday, February 21st. One analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $18.90.

Crescent Capital BDC Stock Down 0.7 %

Shares of Crescent Capital BDC stock traded down $0.10 on Tuesday, hitting $14.51. 168,147 shares of the company traded hands, compared to its average volume of 141,518. Crescent Capital BDC has a 12-month low of $13.54 and a 12-month high of $20.19. 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 company has a market cap of $537.77 million, a PE ratio of 7.29 and a beta of 0.56. The company has a 50-day moving average price of $17.66 and a 200 day moving average price of $18.53.

Crescent Capital BDC (NASDAQ:CCAP - Get Free Report) last issued its earnings results on Wednesday, February 19th. The company reported $0.55 EPS 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 firm had revenue of $46.40 million during the quarter, compared to analysts' expectations of $47.27 million. Sell-side analysts predict that Crescent Capital BDC will post 2.09 earnings per share for the current year.

Crescent Capital BDC Announces Dividend

The company also recently declared a dividend, which was paid on Friday, March 14th. Stockholders 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 84.42%.

Institutional Trading of Crescent Capital BDC

A number of institutional investors and hedge funds have recently modified their holdings of CCAP. HighTower Advisors LLC raised its holdings in Crescent Capital BDC by 0.5% in the 3rd quarter. HighTower Advisors LLC now owns 141,838 shares of the company's stock worth $2,624,000 after acquiring an additional 768 shares during the period. Stifel Financial Corp increased its stake in shares of Crescent Capital BDC by 53.1% in the third quarter. Stifel Financial Corp now owns 66,470 shares of the company's stock worth $1,230,000 after purchasing an additional 23,055 shares during the period. Franklin Resources Inc. lifted its position in shares of Crescent Capital BDC by 35.2% during the 3rd quarter. Franklin Resources Inc. now owns 256,279 shares of the company's stock worth $4,726,000 after purchasing an additional 66,713 shares during the last quarter. Confluence Investment Management LLC lifted its position in shares of Crescent Capital BDC by 0.9% during the 4th quarter. Confluence Investment Management LLC now owns 73,839 shares of the company's stock worth $1,419,000 after purchasing an additional 633 shares during the last quarter. Finally, Redhawk Wealth Advisors Inc. bought a new stake in Crescent Capital BDC during the 4th quarter valued at approximately $659,000. 49.46% of the stock is currently owned by institutional investors and hedge funds.

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.