Crescent Capital BDC, Inc. (NASDAQ:CCAP) Short Interest Update

Crescent Capital BDC, Inc. (NASDAQ:CCAP) was the recipient of a large decline in short interest in November. As of November 30th, there was short interest totalling 75,600 shares, a decline of 33.0% from the November 15th total of 112,800 shares. Based on an average daily trading volume, of 105,700 shares, the short-interest ratio is currently 0.7 days.

Institutional Trading of Crescent Capital BDC

Several institutional investors and hedge funds have recently made changes to their positions in the business. Janney Montgomery Scott LLC raised its stake in Crescent Capital BDC by 174.1% in the third quarter. Janney Montgomery Scott LLC now owns 47,264 shares of the company’s stock worth $874,000 after buying an additional 30,018 shares in the last quarter. Sun Life Financial Inc. lifted its stake in shares of Crescent Capital BDC by 20.7% during the 3rd quarter. Sun Life Financial Inc. now owns 2,226,308 shares of the company’s stock worth $41,187,000 after purchasing an additional 382,542 shares during the last quarter. International Assets Investment Management LLC purchased a new position in Crescent Capital BDC in the third quarter valued at about $1,899,000. Deerfield Management Company L.P. Series C purchased a new position in shares of Crescent Capital BDC in the 2nd quarter worth approximately $1,021,000. Finally, Hennion & Walsh Asset Management Inc. lifted its holdings in shares of Crescent Capital BDC by 182.3% during the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 49,482 shares of the company’s stock valued at $929,000 after purchasing an additional 31,952 shares during the last quarter. 49.46% of the stock is currently owned by institutional investors.

Crescent Capital BDC Trading Up 0.4 %

NASDAQ CCAP traded up $0.07 during trading hours on Friday, hitting $19.98. 1,451 shares of the company were exchanged, compared to its average volume of 128,901. Crescent Capital BDC has a 52 week low of $15.91 and a 52 week high of $20.01. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 1.14. The stock has a 50-day moving average price of $18.76 and a 200 day moving average price of $18.63. The stock has a market cap of $740.46 million, a PE ratio of 7.81 and a beta of 0.82.

Crescent Capital BDC Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be issued a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a yield of 8.41%. The ex-dividend date of this dividend is Tuesday, December 31st. This is a positive change from Crescent Capital BDC’s previous quarterly dividend of $0.07. Crescent Capital BDC’s dividend payout ratio is presently 65.88%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. Bank of America reduced their target price on shares of Crescent Capital BDC from $20.00 to $19.00 and set a “buy” rating for the company in a report on Thursday, August 15th. Keefe, Bruyette & Woods raised their price objective on shares of Crescent Capital BDC from $19.00 to $20.00 and gave the company an “outperform” rating in a research report on Monday, November 25th. Finally, LADENBURG THALM/SH SH initiated coverage on shares of Crescent Capital BDC in a report on Monday, September 30th. They issued a “buy” rating and a $20.00 target price for the company. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Crescent Capital BDC currently has a consensus rating of “Moderate Buy” and a consensus target price of $19.17.

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.