Crescent Capital BDC, Inc. (NASDAQ:CCAP) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of Crescent Capital BDC, Inc. (NASDAQ:CCAP) have been given an average rating of “Moderate Buy” by the six ratings firms that are currently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $19.17.

CCAP has been the topic of several research reports. LADENBURG THALM/SH SH started coverage on Crescent Capital BDC in a research note on Monday, September 30th. They set a “buy” rating and a $20.00 target price on the stock. Keefe, Bruyette & Woods increased their price target on shares of Crescent Capital BDC from $19.00 to $20.00 and gave the stock an “outperform” rating in a research report on Monday, November 25th.

Crescent Capital BDC Stock Down 0.6 %

Shares of NASDAQ CCAP opened at $18.82 on Wednesday. Crescent Capital BDC has a 52-week low of $15.91 and a 52-week high of $20.03. The business’s 50 day moving average is $19.15 and its two-hundred day moving average is $18.76. The firm has a market cap of $697.51 million, a price-to-earnings ratio of 7.38 and a beta of 0.81. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 1.14.

Crescent Capital BDC Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be issued a dividend of $0.42 per share. This is an increase from Crescent Capital BDC’s previous quarterly dividend of $0.07. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $1.68 annualized dividend and a yield of 8.93%. Crescent Capital BDC’s dividend payout ratio is 65.88%.

Hedge Funds Weigh In On Crescent Capital BDC

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Point72 Asset Management L.P. purchased a new stake in shares of Crescent Capital BDC during the second quarter worth approximately $90,000. XTX Topco Ltd purchased a new stake in shares of Crescent Capital BDC in the 2nd quarter valued at approximately $195,000. Cubist Systematic Strategies LLC acquired a new stake in shares of Crescent Capital BDC in the 2nd quarter valued at $346,000. Pettinga Financial Advisors LLC lifted its position in shares of Crescent Capital BDC by 95.8% during the 3rd quarter. Pettinga Financial Advisors LLC now owns 29,017 shares of the company’s stock worth $537,000 after purchasing an additional 14,200 shares during the last quarter. Finally, Marshall Wace LLP acquired a new position in shares of Crescent Capital BDC during the second quarter worth $767,000. Hedge funds and other institutional investors own 49.46% of the company’s stock.

About Crescent Capital BDC

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.