Crescent Capital BDC, Inc. (NASDAQ:CCAP – Get Free Report) was the target of a significant increase in short interest in the month of June. As of June 30th, there was short interest totalling 281,800 shares, an increase of 30.9% from the June 15th total of 215,200 shares. Based on an average trading volume of 190,900 shares, the days-to-cover ratio is currently 1.5 days.
Analyst Upgrades and Downgrades
A number of equities analysts have recently weighed in on the company. Wells Fargo & Company upped their price objective on Crescent Capital BDC from $16.50 to $18.00 and gave the stock an “equal weight” rating in a research note on Monday, May 13th. Raymond James boosted their price target on Crescent Capital BDC from $18.00 to $19.00 and gave the stock an “outperform” rating in a report on Friday, May 10th. Finally, Keefe, Bruyette & Woods increased their price objective 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.
Get Our Latest Stock Report on CCAP
Hedge Funds Weigh In On Crescent Capital BDC
Crescent Capital BDC Price Performance
Shares of Crescent Capital BDC stock traded down $0.09 during trading on Monday, reaching $19.30. 155,560 shares of the stock traded hands, compared to its average volume of 145,062. Crescent Capital BDC has a 52-week low of $15.03 and a 52-week high of $19.63. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.36 and a quick ratio of 1.36. The business has a fifty day simple moving average of $18.55 and a two-hundred day simple moving average of $17.50. The company has a market capitalization of $715.30 million, a price-to-earnings ratio of 6.87 and a beta of 0.81.
Crescent Capital BDC (NASDAQ:CCAP – Get Free Report) last released its quarterly earnings results on Wednesday, May 8th. The company reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.59 by $0.04. Crescent Capital BDC had a return on equity of 11.99% and a net margin of 53.32%. The business had revenue of $50.36 million during the quarter, compared to analysts’ expectations of $48.31 million. Sell-side analysts expect that Crescent Capital BDC 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. Investors of record on Friday, June 28th will be given a $0.42 dividend. This represents a $1.68 annualized dividend and a yield of 8.70%. The ex-dividend date is Friday, June 28th. This is a boost from Crescent Capital BDC’s previous quarterly dividend of $0.41. Crescent Capital BDC’s payout ratio is currently 59.79%.
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.
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