Crescent Capital BDC (NASDAQ:CCAP) Shares Gap Down to $18.96

Crescent Capital BDC, Inc. (NASDAQ:CCAP)’s stock price gapped down prior to trading on Friday . The stock had previously closed at $18.96, but opened at $18.52. Crescent Capital BDC shares last traded at $18.63, with a volume of 18,237 shares traded.

Analysts Set New Price Targets

Several equities analysts recently weighed in on CCAP shares. Raymond James raised their price objective on shares of Crescent Capital BDC from $18.00 to $19.00 and gave the company an “outperform” rating in a research report on Friday, May 10th. Keefe, Bruyette & Woods raised their price target on shares of Crescent Capital BDC from $18.50 to $19.00 and gave the company an “outperform” rating in a report on Thursday, May 23rd. Finally, Wells Fargo & Company upped their price objective on shares of Crescent Capital BDC from $16.50 to $18.00 and gave the stock an “equal weight” rating in a report on Monday, May 13th.

Crescent Capital BDC Stock Up 1.3 %

The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 1.11. The business has a 50-day simple moving average of $18.11 and a 200-day simple moving average of $17.35. The stock has a market cap of $695.99 million, a P/E ratio of 6.68 and a beta of 0.81.

Crescent Capital BDC (NASDAQ:CCAP) last posted its quarterly earnings data on Wednesday, May 8th. The company reported $0.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.59 by $0.04. Crescent Capital BDC had a net margin of 53.32% and a return on equity of 11.99%. The business had revenue of $50.36 million during the quarter, compared to the consensus estimate of $48.31 million. Analysts expect that Crescent Capital BDC, Inc. will post 2.34 EPS for the current year.

Crescent Capital BDC Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Friday, June 28th will be given a $0.42 dividend. This is an increase from Crescent Capital BDC’s previous quarterly dividend of $0.41. This represents a $1.68 annualized dividend and a dividend yield of 8.95%. The ex-dividend date is Friday, June 28th. Crescent Capital BDC’s dividend payout ratio (DPR) is currently 58.36%.

Hedge Funds Weigh In On Crescent Capital BDC

Several large investors have recently made changes to their positions in the business. Cape Investment Advisory Inc. bought a new position in Crescent Capital BDC in the 4th quarter worth approximately $63,000. Tucker Asset Management LLC bought a new position in Crescent Capital BDC during the fourth quarter worth $167,000. SG Americas Securities LLC acquired a new position in Crescent Capital BDC during the 4th quarter valued at $197,000. Alpine Global Management LLC acquired a new position in Crescent Capital BDC during the 1st quarter valued at $217,000. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new stake in Crescent Capital BDC in the 3rd quarter valued at $240,000. Institutional investors and hedge funds 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.