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

Crescent Capital BDC, Inc. (NASDAQ:CCAP) saw a large increase in short interest in the month of March. As of March 31st, there was short interest totalling 139,400 shares, an increase of 26.3% from the March 15th total of 110,400 shares. Approximately 0.4% of the shares of the company are sold short. Based on an average daily volume of 143,900 shares, the days-to-cover ratio is presently 1.0 days.

Crescent Capital BDC Stock Performance

NASDAQ:CCAP traded down $0.43 during mid-day trading on Monday, hitting $15.07. 84,574 shares of the stock were exchanged, compared to its average volume of 143,312. The firm’s 50-day simple moving average is $17.22 and its 200 day simple moving average is $18.41. The stock has a market capitalization of $558.52 million, a price-to-earnings ratio of 7.57 and a beta of 0.56. Crescent Capital BDC has a fifty-two week low of $13.54 and a fifty-two week high of $20.19. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.26 and a current ratio of 1.32.

Crescent Capital BDC (NASDAQ:CCAP) last announced its earnings results on Wednesday, February 19th. The company reported $0.55 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.01). Crescent Capital BDC had a net margin of 37.32% and a return on equity of 11.90%. The business had revenue of $46.40 million during the quarter, compared to the consensus estimate of $47.27 million. As a group, equities analysts anticipate that Crescent Capital BDC will post 2.09 EPS for the current fiscal year.

Crescent Capital BDC Announces Dividend

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

Analyst Ratings Changes

A number of equities analysts recently commented on CCAP shares. Wells Fargo & Company lowered their price target on 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 decreased their target price on Crescent Capital BDC from $20.00 to $18.50 and set an “outperform” rating on the stock in a report on Tuesday, April 8th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $18.90.

Institutional Investors Weigh In On Crescent Capital BDC

Several institutional investors have recently made changes to their positions in CCAP. First Affirmative Financial Network acquired a new position in Crescent Capital BDC in the 1st quarter valued at $199,000. Confluence Investment Management LLC raised its stake in Crescent Capital BDC by 1.6% in the first quarter. Confluence Investment Management LLC now owns 75,052 shares of the company’s stock valued at $1,285,000 after purchasing an additional 1,213 shares in the last quarter. Pettinga Financial Advisors LLC raised its stake in Crescent Capital BDC by 57.7% in the fourth quarter. Pettinga Financial Advisors LLC now owns 45,767 shares of the company’s stock valued at $880,000 after purchasing an additional 16,750 shares in the last quarter. Millennium Management LLC lifted its position in Crescent Capital BDC by 23.2% during the fourth quarter. Millennium Management LLC now owns 87,134 shares of the company’s stock worth $1,675,000 after purchasing an additional 16,402 shares during the period. Finally, Cetera Investment Advisers grew its stake in Crescent Capital BDC by 12.9% during the fourth quarter. Cetera Investment Advisers now owns 18,712 shares of the company’s stock worth $360,000 after buying an additional 2,141 shares in the last quarter. 49.46% of the stock is currently owned by institutional investors.

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.