Brokerages Set Crescent Capital BDC, Inc. (NASDAQ:CCAP) Target Price at $19.00

Shares of Crescent Capital BDC, Inc. (NASDAQ:CCAP) have earned a consensus rating of “Moderate Buy” from the six analysts that are covering the company, Marketbeat reports. One equities research analyst has rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $19.00.

A number of research firms have issued reports on CCAP. LADENBURG THALM/SH SH initiated coverage on shares of Crescent Capital BDC in a report on Monday, September 30th. They set a “buy” rating and a $20.00 target price on the stock. Bank of America decreased their target price on Crescent Capital BDC from $20.00 to $19.00 and set a “buy” rating for the company in a report on Thursday, August 15th. Finally, Wells Fargo & Company cut their price target on Crescent Capital BDC from $19.00 to $18.00 and set an “equal weight” rating on the stock in a report on Wednesday, August 14th.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in CCAP. Point72 Asset Management L.P. acquired a new position in Crescent Capital BDC in the second quarter valued at approximately $90,000. XTX Topco Ltd acquired a new position in shares of Crescent Capital BDC in the 2nd quarter valued at $195,000. Alpine Global Management LLC acquired a new position in shares of Crescent Capital BDC in the 1st quarter valued at $217,000. Catalina Capital Group LLC purchased a new position in shares of Crescent Capital BDC in the 2nd quarter valued at $220,000. Finally, Cubist Systematic Strategies LLC acquired a new stake in Crescent Capital BDC during the 2nd quarter worth $346,000. Hedge funds and other institutional investors own 49.46% of the company’s stock.

Crescent Capital BDC Stock Performance

Shares of Crescent Capital BDC stock opened at $19.22 on Tuesday. The stock has a market capitalization of $712.33 million, a price-to-earnings ratio of 7.54 and a beta of 0.81. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.26 and a quick ratio of 1.26. The business has a 50-day moving average of $18.53 and a 200 day moving average of $18.49. Crescent Capital BDC has a 12 month low of $15.91 and a 12 month high of $19.63.

Crescent Capital BDC Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be paid a dividend of $0.42 per share. The ex-dividend date is Tuesday, December 31st. This represents a $1.68 dividend on an annualized basis and a dividend yield of 8.74%. This is an increase from Crescent Capital BDC’s previous quarterly dividend of $0.07. Crescent Capital BDC’s payout ratio is presently 65.88%.

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.