Crescent Capital BDC, Inc. (NASDAQ:CCAP) Short Interest Up 50.6% in August

Crescent Capital BDC, Inc. (NASDAQ:CCAP) was the recipient of a large increase in short interest during the month of August. As of August 31st, there was short interest totalling 126,500 shares, an increase of 50.6% from the August 15th total of 84,000 shares. Based on an average daily volume of 147,500 shares, the days-to-cover ratio is presently 0.9 days.

Analysts Set New Price Targets

CCAP has been the subject of several recent research reports. Keefe, Bruyette & Woods increased their price objective on Crescent Capital BDC from $18.50 to $19.00 and gave the company an “outperform” rating in a research note on Thursday, May 23rd. Wells Fargo & Company cut their target price on Crescent Capital BDC from $19.00 to $18.00 and set an “equal weight” rating for the company in a research note on Wednesday, August 14th. Finally, Bank of America cut their target price on Crescent Capital BDC from $20.00 to $19.00 and set a “buy” rating for the company in a research note on Thursday, August 15th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $18.80.

Institutional Trading of Crescent Capital BDC

Hedge funds and other institutional investors have recently modified their holdings of the business. Cape Investment Advisory Inc. acquired a new stake in shares of Crescent Capital BDC during the 4th quarter worth about $63,000. Point72 Asset Management L.P. purchased a new position in Crescent Capital BDC during the 2nd quarter valued at about $90,000. Tucker Asset Management LLC purchased a new position in Crescent Capital BDC during the 4th quarter valued at about $167,000. XTX Topco Ltd purchased a new position in Crescent Capital BDC during the 2nd quarter valued at about $195,000. Finally, Catalina Capital Group LLC purchased a new position in Crescent Capital BDC during the 2nd quarter valued at about $220,000. 49.46% of the stock is owned by institutional investors and hedge funds.

Crescent Capital BDC Stock Up 1.2 %

Shares of CCAP opened at $18.36 on Monday. Crescent Capital BDC has a 52-week low of $15.03 and a 52-week high of $19.63. The company has a market capitalization of $680.46 million, a PE ratio of 6.53 and a beta of 0.81. The stock has a fifty day simple moving average of $18.47 and a two-hundred day simple moving average of $18.02. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 1.17.

Crescent Capital BDC (NASDAQ:CCAP) last issued its quarterly earnings data on Monday, August 12th. The company reported $0.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.58 by $0.01. The firm had revenue of $48.95 million during the quarter, compared to the consensus estimate of $48.05 million. Crescent Capital BDC had a return on equity of 12.03% and a net margin of 51.61%. During the same period last year, the company earned $0.56 EPS. As a group, equities analysts forecast that Crescent Capital BDC will post 2.35 EPS for the current year.

Crescent Capital BDC Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be given a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a dividend yield of 9.15%. This is an increase from Crescent Capital BDC’s previous quarterly dividend of $0.09. The ex-dividend date is Monday, September 30th. Crescent Capital BDC’s dividend payout ratio (DPR) is presently 59.79%.

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.