Analysts Set Crescent Capital BDC, Inc. (NASDAQ:CCAP) Target Price at $16.33

Shares of Crescent Capital BDC, Inc. (NASDAQ:CCAP) have received a consensus rating of “Moderate Buy” from the four research firms that are covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation, one has issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $16.3333.

A number of research firms have recently weighed in on CCAP. Zacks Research cut Crescent Capital BDC from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 15th. Wall Street Zen upgraded Crescent Capital BDC from a “sell” rating to a “hold” rating in a research note on Friday, June 27th. LADENBURG THALM/SH SH upgraded Crescent Capital BDC to a “strong-buy” rating in a research note on Friday, August 15th. Finally, Keefe, Bruyette & Woods upgraded Crescent Capital BDC from a “hold” rating to a “moderate buy” rating in a research note on Tuesday, July 22nd.

Insider Buying and Selling

In other Crescent Capital BDC news, Director Raymond Barrios bought 3,245 shares of the company’s stock in a transaction that occurred on Monday, August 25th. The stock was purchased at an average cost of $15.63 per share, for a total transaction of $50,719.35. Following the completion of the purchase, the director owned 19,177 shares of the company’s stock, valued at $299,736.51. This trade represents a 20.37% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.14% of the company’s stock.

Institutional Investors Weigh In On Crescent Capital BDC

Institutional investors have recently added to or reduced their stakes in the company. Catalyst Capital Advisors LLC purchased a new stake in Crescent Capital BDC during the second quarter valued at about $69,000. XTX Topco Ltd purchased a new stake in Crescent Capital BDC during the second quarter valued at about $165,000. Catalina Capital Group LLC purchased a new stake in Crescent Capital BDC during the second quarter valued at about $174,000. Quantbot Technologies LP purchased a new stake in Crescent Capital BDC during the second quarter valued at about $219,000. Finally, Adams Asset Advisors LLC purchased a new stake in Crescent Capital BDC during the third quarter valued at about $252,000. Hedge funds and other institutional investors own 49.46% of the company’s stock.

Crescent Capital BDC Price Performance

NASDAQ CCAP opened at $14.27 on Friday. Crescent Capital BDC has a fifty-two week low of $13.31 and a fifty-two week high of $20.19. The business has a fifty day moving average of $14.95 and a 200-day moving average of $14.96. The company has a debt-to-equity ratio of 1.22, a current ratio of 1.27 and a quick ratio of 1.27.

Crescent Capital BDC (NASDAQ:CCAP) last released its quarterly earnings results on Wednesday, August 13th. The company reported $0.46 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.46. Crescent Capital BDC had a return on equity of 10.55% and a net margin of 24.12%.The company had revenue of $42.99 million during the quarter, compared to analysts’ expectations of $42.52 million. Equities research analysts predict that Crescent Capital BDC will post 2.09 earnings per share for the current year.

Crescent Capital BDC Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th were paid a $0.42 dividend. This represents a $1.68 annualized dividend and a yield of 11.8%. The ex-dividend date was Tuesday, September 30th. Crescent Capital BDC’s dividend payout ratio is presently 140.00%.

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.