Crescent Capital BDC, Inc. (NASDAQ:CCAP) Short Interest Up 21.2% in February

Crescent Capital BDC, Inc. (NASDAQ:CCAP - Get Free Report) was the recipient of a significant increase in short interest in February. As of February 28th, there was short interest totalling 103,400 shares, an increase of 21.2% from the February 13th total of 85,300 shares. Based on an average daily trading volume, of 118,900 shares, the short-interest ratio is currently 0.9 days. Approximately 0.3% of the company's stock are sold short.

Crescent Capital BDC Stock Performance

Crescent Capital BDC stock traded down $0.11 during midday trading on Friday, reaching $17.63. 109,880 shares of the company traded hands, compared to its average volume of 134,667. The firm has a market capitalization of $653.40 million, a price-to-earnings ratio of 8.86 and a beta of 0.82. The business has a 50 day moving average of $18.74 and a two-hundred day moving average of $18.80. Crescent Capital BDC has a 12 month low of $16.81 and a 12 month high of $20.19. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.32 and a quick ratio of 1.26.

Crescent Capital BDC (NASDAQ:CCAP - Get Free Report) last issued its quarterly earnings data 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 company had revenue of $46.40 million for the quarter, compared to the consensus estimate of $47.27 million. As a group, research analysts predict that Crescent Capital BDC will post 2.09 earnings per share for the current year.

Remove Ads

Crescent Capital BDC Announces Dividend

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

Institutional Trading of Crescent Capital BDC

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Pettinga Financial Advisors LLC increased its holdings in Crescent Capital BDC by 57.7% during the fourth quarter. Pettinga Financial Advisors LLC now owns 45,767 shares of the company's stock valued at $880,000 after buying an additional 16,750 shares during the last quarter. Millennium Management LLC increased its holdings in Crescent Capital BDC by 23.2% during the fourth quarter. Millennium Management LLC now owns 87,134 shares of the company's stock valued at $1,675,000 after buying an additional 16,402 shares during the last quarter. Cetera Investment Advisers increased its holdings in Crescent Capital BDC by 12.9% during the fourth quarter. Cetera Investment Advisers now owns 18,712 shares of the company's stock valued at $360,000 after buying an additional 2,141 shares during the last quarter. Bank of America Corp DE increased its stake in shares of Crescent Capital BDC by 5.3% in the fourth quarter. Bank of America Corp DE now owns 72,083 shares of the company's stock worth $1,385,000 after purchasing an additional 3,607 shares in the last quarter. Finally, Ameriprise Financial Inc. increased its stake in shares of Crescent Capital BDC by 7.2% in the fourth quarter. Ameriprise Financial Inc. now owns 70,135 shares of the company's stock worth $1,348,000 after purchasing an additional 4,706 shares in the last quarter. 49.46% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. Keefe, Bruyette & Woods upped their target price 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. Wells Fargo & Company dropped their target price on shares of Crescent Capital BDC from $19.00 to $18.00 and set an "equal weight" rating on the stock 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. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $19.20.

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.