Brokerages Set Crescent Capital BDC, Inc. (NASDAQ:CCAP) Target Price at $19.33

Crescent Capital BDC, Inc. (NASDAQ:CCAP) has been assigned a consensus recommendation of “Moderate Buy” from the six research firms that are currently covering the company, MarketBeat reports. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $19.33.

A number of equities research analysts have recently weighed in on CCAP shares. Keefe, Bruyette & Woods lifted their price objective on Crescent Capital BDC from $19.00 to $20.00 and gave the company an “outperform” rating in a research note on Monday, November 25th. Wells Fargo & Company lifted their target price on Crescent Capital BDC from $18.00 to $19.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 29th.

Crescent Capital BDC Stock Up 0.1 %

Shares of CCAP opened at $19.53 on Friday. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 1.14. The firm has a market cap of $723.78 million, a P/E ratio of 7.66 and a beta of 0.81. The company’s 50-day moving average price is $19.40 and its 200 day moving average price is $18.77. Crescent Capital BDC has a 12-month low of $15.91 and a 12-month high of $20.03.

Crescent Capital BDC (NASDAQ:CCAP) last posted its quarterly earnings data on Tuesday, November 12th. The company reported $0.64 earnings per share for the quarter, topping analysts’ consensus estimates of $0.57 by $0.07. Crescent Capital BDC had a net margin of 47.06% and a return on equity of 12.20%. The firm had revenue of $51.63 million during the quarter, compared to analysts’ expectations of $48.76 million. During the same quarter last year, the company posted $0.59 EPS. On average, sell-side analysts forecast that Crescent Capital BDC will post 2.43 earnings per share for the current year.

Crescent Capital BDC Increases Dividend

The business 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 represents a $1.68 annualized dividend and a dividend yield of 8.60%. The ex-dividend date was Tuesday, December 31st. This is a boost from Crescent Capital BDC’s previous quarterly dividend of $0.07. Crescent Capital BDC’s dividend payout ratio (DPR) is presently 65.88%.

Institutional Investors Weigh In On Crescent Capital BDC

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Janney Montgomery Scott LLC raised its stake in Crescent Capital BDC by 174.1% in the third quarter. Janney Montgomery Scott LLC now owns 47,264 shares of the company’s stock valued at $874,000 after buying an additional 30,018 shares in the last quarter. Franklin Resources Inc. increased its holdings in shares of Crescent Capital BDC by 35.2% in the 3rd quarter. Franklin Resources Inc. now owns 256,279 shares of the company’s stock valued at $4,726,000 after acquiring an additional 66,713 shares during the last quarter. Stifel Financial Corp raised its position in shares of Crescent Capital BDC by 53.1% during the 3rd quarter. Stifel Financial Corp now owns 66,470 shares of the company’s stock worth $1,230,000 after acquiring an additional 23,055 shares in the last quarter. Sun Life Financial Inc. lifted its stake in Crescent Capital BDC by 20.7% during the third quarter. Sun Life Financial Inc. now owns 2,226,308 shares of the company’s stock worth $41,187,000 after purchasing an additional 382,542 shares during the last quarter. Finally, International Assets Investment Management LLC purchased a new stake in Crescent Capital BDC during the third quarter worth approximately $1,899,000. 49.46% of the stock is currently owned by institutional investors and hedge funds.

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.