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

Shares of Crescent Capital BDC, Inc. (NASDAQ:CCAP) have earned a consensus rating of “Moderate Buy” from the five brokerages that are presently covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $17.60.

Several equities research analysts recently issued reports on CCAP shares. Wells Fargo & Company lowered their price objective on Crescent Capital BDC from $16.00 to $15.00 and set an “equal weight” rating on the stock in a report on Friday, May 16th. Raymond James lowered their price objective on Crescent Capital BDC from $20.00 to $17.00 and set an “outperform” rating on the stock in a report on Friday, May 16th. Keefe, Bruyette & Woods cut Crescent Capital BDC from an “outperform” rating to a “market perform” rating and lowered their price objective for the stock from $18.50 to $17.00 in a report on Friday, May 16th. Finally, Wall Street Zen cut Crescent Capital BDC from a “hold” rating to a “sell” rating in a report on Thursday, May 22nd.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Condor Capital Management boosted its holdings in shares of Crescent Capital BDC by 3.3% during the 1st quarter. Condor Capital Management now owns 293,289 shares of the company’s stock worth $5,021,000 after purchasing an additional 9,234 shares during the last quarter. Franklin Resources Inc. boosted its holdings in shares of Crescent Capital BDC by 12.8% during the 4th quarter. Franklin Resources Inc. now owns 289,131 shares of the company’s stock worth $5,557,000 after purchasing an additional 32,852 shares during the last quarter. Wells Fargo & Company MN boosted its holdings in shares of Crescent Capital BDC by 0.5% during the 4th quarter. Wells Fargo & Company MN now owns 253,182 shares of the company’s stock worth $4,866,000 after purchasing an additional 1,210 shares during the last quarter. Raymond James Financial Inc. lifted its holdings in Crescent Capital BDC by 7.8% in the first quarter. Raymond James Financial Inc. now owns 210,285 shares of the company’s stock valued at $3,600,000 after acquiring an additional 15,155 shares during the last quarter. Finally, Kovitz Investment Group Partners LLC lifted its holdings in Crescent Capital BDC by 14.4% in the first quarter. Kovitz Investment Group Partners LLC now owns 202,873 shares of the company’s stock valued at $3,473,000 after acquiring an additional 25,528 shares during the last quarter. 49.46% of the stock is currently owned by institutional investors and hedge funds.

Crescent Capital BDC Price Performance

Shares of Crescent Capital BDC stock opened at $14.80 on Monday. The company has a quick ratio of 1.26, a current ratio of 1.32 and a debt-to-equity ratio of 1.18. Crescent Capital BDC has a twelve month low of $13.54 and a twelve month high of $20.19. The firm has a market cap of $548.49 million, a PE ratio of 7.44 and a beta of 0.55. The business has a 50-day moving average price of $15.45 and a 200 day moving average price of $17.58.

Crescent Capital BDC (NASDAQ:CCAP) last posted its quarterly earnings data on Wednesday, May 14th. The company reported $0.45 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.52 by ($0.07). Crescent Capital BDC had a return on equity of 11.90% and a net margin of 37.32%. The firm had revenue of $42.13 million during the quarter, compared to analyst estimates of $45.08 million. Sell-side analysts predict that Crescent Capital BDC will post 2.09 earnings per share for the current fiscal year.

Crescent Capital BDC Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th will be issued a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a dividend yield of 11.35%. The ex-dividend date is Monday, June 30th. Crescent Capital BDC’s dividend payout ratio is currently 125.37%.

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.