Short Interest in Crescent Capital BDC, Inc. (NASDAQ:CCAP) Decreases By 5.6%

Crescent Capital BDC, Inc. (NASDAQ:CCAP) was the recipient of a significant decline in short interest in the month of May. As of May 31st, there was short interest totalling 116,100 shares, a decline of 5.6% from the May 15th total of 123,000 shares. Based on an average daily volume of 160,800 shares, the days-to-cover ratio is presently 0.7 days.

Institutional Investors Weigh In On Crescent Capital BDC

Hedge funds and other institutional investors have recently modified their holdings of the company. Muzinich & Co. Inc. acquired a new position in Crescent Capital BDC in the fourth quarter valued at about $843,000. International Assets Investment Management LLC acquired a new position in Crescent Capital BDC in the fourth quarter valued at about $1,254,000. Anchor Investment Management LLC acquired a new position in Crescent Capital BDC in the fourth quarter valued at about $342,000. Mmbg Investment Advisors CO. acquired a new position in Crescent Capital BDC in the fourth quarter valued at about $612,000. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new position in Crescent Capital BDC in the third quarter valued at about $240,000. Institutional investors and hedge funds own 49.46% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on CCAP shares. Wells Fargo & Company lifted their price objective on shares of Crescent Capital BDC from $16.50 to $18.00 and gave the stock an “equal weight” rating in a research report on Monday, May 13th. Raymond James lifted their price objective on shares of Crescent Capital BDC from $18.00 to $19.00 and gave the stock an “outperform” rating in a research report on Friday, May 10th. Oppenheimer lifted their price objective on shares of Crescent Capital BDC from $18.00 to $19.00 and gave the stock an “outperform” rating in a research report on Friday, February 23rd. Finally, Keefe, Bruyette & Woods lifted their price objective on shares of Crescent Capital BDC from $18.50 to $19.00 and gave the stock an “outperform” rating in a research report on Thursday, May 23rd.

Crescent Capital BDC Stock Up 0.6 %

CCAP opened at $18.63 on Wednesday. Crescent Capital BDC has a fifty-two week low of $14.43 and a fifty-two week high of $19.05. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.36 and a current ratio of 1.36. The company has a market capitalization of $690.47 million, a P/E ratio of 6.63 and a beta of 0.81. The stock has a fifty day moving average of $17.82 and a 200-day moving average of $17.24.

Crescent Capital BDC (NASDAQ:CCAP) last posted its earnings results on Wednesday, May 8th. The company reported $0.63 earnings per share for the quarter, topping analysts’ consensus estimates of $0.59 by $0.04. Crescent Capital BDC had a return on equity of 11.99% and a net margin of 53.32%. The company had revenue of $50.36 million during the quarter, compared to the consensus estimate of $48.31 million. On average, equities analysts expect that Crescent Capital BDC will post 2.34 EPS for the current year.

Crescent Capital BDC Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Friday, June 28th will be issued a dividend of $0.42 per share. The ex-dividend date is Friday, June 28th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 9.02%. This is an increase from Crescent Capital BDC’s previous quarterly dividend of $0.41. Crescent Capital BDC’s dividend payout ratio (DPR) is currently 59.79%.

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.