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

Crescent Capital BDC, Inc. (NASDAQ:CCAP) 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.

Hedge Funds Weigh In On Crescent Capital BDC

Several institutional investors have recently bought and sold shares of the business. Confluence Investment Management LLC raised its position in shares of Crescent Capital BDC by 3.0% during the 2nd quarter. Confluence Investment Management LLC now owns 71,623 shares of the company’s stock valued at $1,345,000 after buying an additional 2,108 shares in the last quarter. Apollon Wealth Management LLC lifted its stake in shares of Crescent Capital BDC by 18.0% in the 4th quarter. Apollon Wealth Management LLC now owns 21,930 shares of the company’s stock valued at $381,000 after purchasing an additional 3,353 shares during the last quarter. Cape Investment Advisory Inc. purchased a new position in shares of Crescent Capital BDC in the 4th quarter worth approximately $63,000. Jump Financial LLC boosted its holdings in shares of Crescent Capital BDC by 29.8% in the 4th quarter. Jump Financial LLC now owns 25,382 shares of the company’s stock worth $441,000 after purchasing an additional 5,823 shares during the period. Finally, Relative Value Partners Group LLC increased its position in shares of Crescent Capital BDC by 2.1% during the 4th quarter. Relative Value Partners Group LLC now owns 383,121 shares of the company’s stock valued at $6,659,000 after purchasing an additional 7,834 shares during the last quarter. Institutional investors own 49.46% of the company’s stock.

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) 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.