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

Crescent Capital BDC, Inc. (NASDAQ:CCAP) was the recipient of a significant growth in short interest in February. As of February 28th, there was short interest totalling 103,400 shares, a growth of 21.2% from the February 13th total of 85,300 shares. Based on an average daily volume of 118,900 shares, the short-interest ratio is currently 0.9 days. Approximately 0.3% of the company’s stock are short sold.

Institutional Trading of Crescent Capital BDC

A number of institutional investors and hedge funds have recently modified their holdings of CCAP. Montag A & Associates Inc. acquired a new stake in shares of Crescent Capital BDC in the fourth quarter worth $35,000. C M Bidwell & Associates Ltd. acquired a new position in Crescent Capital BDC during the 4th quarter valued at $39,000. Aquatic Capital Management LLC acquired a new position in Crescent Capital BDC during the 4th quarter valued at $129,000. Generation Capital Management LLC acquired a new position in Crescent Capital BDC during the 4th quarter valued at $192,000. Finally, Dynamic Technology Lab Private Ltd acquired a new position in Crescent Capital BDC during the 4th quarter valued at $218,000. 49.46% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages recently commented on CCAP. Wells Fargo & Company lowered their price objective on shares of Crescent Capital BDC from $19.00 to $18.00 and set an “equal weight” rating on the stock in a research report on Friday, February 21st. Keefe, Bruyette & Woods lifted their target price on shares of Crescent Capital BDC from $19.00 to $20.00 and gave the company an “outperform” rating in a research note on Monday, November 25th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $19.20.

Crescent Capital BDC Stock Down 0.0 %

NASDAQ CCAP traded down $0.01 during trading on Wednesday, reaching $17.54. The company’s stock had a trading volume of 52,327 shares, compared to its average volume of 134,026. The business has a 50-day moving average price of $18.80 and a 200-day moving average price of $18.82. The company has a current ratio of 1.32, a quick ratio of 1.26 and a debt-to-equity ratio of 1.18. Crescent Capital BDC has a 1-year low of $16.81 and a 1-year high of $20.19. The stock has a market capitalization of $649.88 million, a PE ratio of 8.83 and a beta of 0.82.

Crescent Capital BDC (NASDAQ:CCAP) last issued its quarterly earnings data on Wednesday, February 19th. The company reported $0.55 earnings per share for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.01). Crescent Capital BDC had a return on equity of 11.90% and a net margin of 37.32%. The firm had revenue of $46.40 million during the quarter, compared to analyst estimates of $47.27 million. On average, research analysts forecast that Crescent Capital BDC will post 2.09 earnings per share for the current fiscal year.

Crescent Capital BDC Announces Dividend

The company also recently disclosed a dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were paid a $0.05 dividend. The ex-dividend date of this dividend was Friday, February 28th. Crescent Capital BDC’s payout ratio is 84.42%.

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.