Analysts Set Crescent Capital BDC, Inc. (NASDAQ:CCAP) PT at $16.38

Crescent Capital BDC, Inc. (NASDAQ:CCAP) has been given a consensus rating of “Moderate Buy” by the six analysts that are covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a hold recommendation, three have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price target among brokers that have covered the stock in the last year is $16.3750.

Several research analysts have recently weighed in on the company. Keefe, Bruyette & Woods cut their price objective on shares of Crescent Capital BDC from $17.00 to $15.50 and set an “outperform” rating on the stock in a research report on Friday, November 14th. LADENBURG THALM/SH SH upgraded shares of Crescent Capital BDC to a “strong-buy” rating in a report on Friday, August 15th. Wall Street Zen cut shares of Crescent Capital BDC from a “hold” rating to a “sell” rating in a research note on Saturday, November 15th. Wells Fargo & Company decreased their price objective on shares of Crescent Capital BDC from $15.00 to $14.00 and set an “equal weight” rating for the company in a research report on Friday, November 14th. Finally, Zacks Research upgraded shares of Crescent Capital BDC from a “strong sell” rating to a “hold” rating in a research note on Monday.

Hedge Funds Weigh In On Crescent Capital BDC

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Alpine Global Management LLC acquired a new stake in Crescent Capital BDC in the third quarter valued at approximately $3,137,000. Two Sigma Investments LP boosted its position in shares of Crescent Capital BDC by 199.6% during the 3rd quarter. Two Sigma Investments LP now owns 269,649 shares of the company’s stock valued at $3,845,000 after purchasing an additional 179,660 shares in the last quarter. Bulldog Investors LLP boosted its holdings in shares of Crescent Capital BDC by 50.7% during the 3rd quarter. Bulldog Investors LLP now owns 437,518 shares of the company’s stock worth $6,239,000 after buying an additional 147,135 shares in the last quarter. North Ground Capital grew its position in shares of Crescent Capital BDC by 34.4% during the 3rd quarter. North Ground Capital now owns 418,000 shares of the company’s stock worth $5,961,000 after buying an additional 107,000 shares during the period. Finally, Jane Street Group LLC acquired a new stake in shares of Crescent Capital BDC in the 2nd quarter valued at about $1,448,000. 49.46% of the stock is currently owned by institutional investors and hedge funds.

Crescent Capital BDC Stock Performance

Shares of NASDAQ:CCAP opened at $15.02 on Friday. Crescent Capital BDC has a 1-year low of $13.03 and a 1-year high of $20.19. The stock has a market capitalization of $555.59 million, a P/E ratio of 15.33 and a beta of 0.55. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 1.23. The business has a 50-day moving average price of $14.08 and a two-hundred day moving average price of $14.62.

Crescent Capital BDC (NASDAQ:CCAP) last released its quarterly earnings data on Wednesday, November 12th. The company reported $0.46 earnings per share for the quarter, missing the consensus estimate of $0.47 by ($0.01). Crescent Capital BDC had a return on equity of 9.76% and a net margin of 20.84%.The firm had revenue of $41.35 million for the quarter, compared to the consensus estimate of $42.35 million. Equities analysts predict that Crescent Capital BDC will post 2.09 earnings per share for the current year.

Crescent Capital BDC Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 15th. Investors of record on Wednesday, December 31st will be issued a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a yield of 11.2%. The ex-dividend date of this dividend is Wednesday, December 31st. Crescent Capital BDC’s dividend payout ratio (DPR) is presently 171.43%.

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.