2 weeks Ago By ABMN Staff
Crescent Capital BDC, Inc. ( NASDAQ:CCAP – Get Free Report ) was the target of a large decline in short interest during the month of September. As of September 15th, there was short interest totalling 87,500 shares, a decline of 30.
8% from the August 31st total of 126,500 shares. Based on an average daily volume of 138,500 shares, the short-interest ratio is presently 0.6 days.
Analyst Ratings Changes CCAP has been the subject of several analyst reports. Bank of America dropped their target price on Crescent Capital BDC from $20.00 to $19.
00 and set a “buy” rating for the company in a report on Thursday, August 15th. Wells Fargo & Company cut 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 Wednesday, August 14th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.
com, Crescent Capital BDC has an average rating of “Moderate Buy” and an average target price of $18.80. Read Our Latest Research Report on CCAP Crescent Capital BDC Trading Up 0.
3 % Crescent Capital BDC ( NASDAQ:CCAP – Get Free Report ) last released its quarterly earnings results on Monday, August 12th. The company reported $0.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.
58 by $0.01. The business had revenue of $48.
95 million for the quarter, compared to the consensus estimate of $48.05 million. Crescent Capital BDC had a net margin of 51.
61% and a return on equity of 12.03%. During the same period in the previous year, the firm earned $0.
56 EPS. As a group, sell-side analysts forecast that Crescent Capital BDC will post 2.34 EPS for the current fiscal year.
Crescent Capital BDC Increases Dividend The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be given a dividend of $0.42 per share.
This is a positive change from Crescent Capital BDC’s previous quarterly dividend of $0.09. This represents a $1.
68 annualized dividend and a dividend yield of 8.92%. The ex-dividend date is Monday, September 30th.
Crescent Capital BDC’s dividend payout ratio (DPR) is currently 59.79%. Institutional Investors Weigh In On Crescent Capital BDC A number of institutional investors have recently modified their holdings of CCAP.
Sun Life Financial Inc. boosted its holdings in Crescent Capital BDC by 8.1% during the 2nd quarter.
Sun Life Financial Inc. now owns 1,843,766 shares of the company’s stock valued at $34,626,000 after acquiring an additional 137,684 shares during the period. Relative Value Partners Group LLC grew its holdings in shares of Crescent Capital BDC by 2.
1% in the fourth quarter. Relative Value Partners Group LLC now owns 383,121 shares of the company’s stock valued at $6,659,000 after purchasing an additional 7,834 shares in the last quarter. Millennium Management LLC increased its stake in Crescent Capital BDC by 31.
9% during the 2nd quarter. Millennium Management LLC now owns 268,097 shares of the company’s stock worth $5,035,000 after buying an additional 64,902 shares during the period. Condor Capital Management lifted its holdings in Crescent Capital BDC by 12.
4% during the 2nd quarter. Condor Capital Management now owns 252,121 shares of the company’s stock worth $4,735,000 after buying an additional 27,801 shares in the last quarter. Finally, Quadrature Capital Ltd grew its stake in shares of Crescent Capital BDC by 32.
6% in the fourth quarter. Quadrature Capital Ltd now owns 81,156 shares of the company’s stock worth $1,410,000 after acquiring an additional 19,936 shares in the last quarter. 49.
46% of the stock is owned by institutional investors and hedge funds. Crescent Capital BDC Company Profile ( Get Free Report ) 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. Recommended Stories Receive News & Ratings for Crescent Capital BDC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Crescent Capital BDC and related companies with MarketBeat.
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