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

Crescent Capital BDC, Inc. (NASDAQ:CCAP) was the recipient of a significant decrease in short interest during the month of December. As of December 31st, there was short interest totalling 87,700 shares, a decrease of 12.4% from the December 15th total of 100,100 shares. Based on an average trading volume of 105,200 shares, the days-to-cover ratio is presently 0.8 days.

Analyst Ratings Changes

A number of analysts have weighed in on CCAP shares. Keefe, Bruyette & Woods raised 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 report on Monday, November 25th. LADENBURG THALM/SH SH started coverage on Crescent Capital BDC in a research note on Monday, September 30th. They issued a “buy” rating and a $20.00 price objective for the company. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $19.17.

Crescent Capital BDC Trading Down 0.1 %

CCAP traded down $0.02 during midday trading on Friday, hitting $19.34. 74,403 shares of the company were exchanged, compared to its average volume of 94,750. The firm’s 50 day moving average price is $19.29 and its 200-day moving average price is $18.77. Crescent Capital BDC has a 1-year low of $15.91 and a 1-year high of $20.03. The firm has a market capitalization of $716.74 million, a P/E ratio of 7.58 and a beta of 0.81. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 1.14.

Crescent Capital BDC Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were paid a $0.42 dividend. This is a positive change from Crescent Capital BDC’s previous quarterly dividend of $0.07. This represents a $1.68 dividend on an annualized basis and a dividend yield of 8.69%. The ex-dividend date of this dividend was Tuesday, December 31st. Crescent Capital BDC’s dividend payout ratio is currently 65.88%.

Hedge Funds Weigh In On Crescent Capital BDC

A number of hedge funds have recently bought and sold shares of CCAP. Point72 Asset Management L.P. bought a new position in Crescent Capital BDC during the second quarter worth $90,000. XTX Topco Ltd bought a new position in shares of Crescent Capital BDC during the 2nd quarter worth about $195,000. Cubist Systematic Strategies LLC acquired a new stake in shares of Crescent Capital BDC in the 2nd quarter valued at about $346,000. Pettinga Financial Advisors LLC increased its position in Crescent Capital BDC by 95.8% in the 3rd quarter. Pettinga Financial Advisors LLC now owns 29,017 shares of the company’s stock valued at $537,000 after buying an additional 14,200 shares in the last quarter. Finally, Redhawk Wealth Advisors Inc. acquired a new position in Crescent Capital BDC during the 4th quarter worth approximately $659,000. Institutional investors own 49.46% of the company’s stock.

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.