Crescent Capital BDC, Inc. (NASDAQ:CCAP – Get Free Report) has been given an average rating of “Hold” by the six brokerages that are covering the stock, MarketBeat.com reports. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 12 month target price among brokers that have covered the stock in the last year is $13.10.
CCAP has been the topic of several research analyst reports. Zacks Research upgraded Crescent Capital BDC from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 21st. Wells Fargo & Company dropped their target price on Crescent Capital BDC from $12.00 to $11.00 and set an “equal weight” rating for the company in a research report on Wednesday, August 12th. B. Riley Financial cut their price target on shares of Crescent Capital BDC from $13.50 to $12.50 and set a “neutral” rating on the stock in a research note on Wednesday, August 12th. Wall Street Zen lowered shares of Crescent Capital BDC from a “hold” rating to a “sell” rating in a research note on Saturday, July 25th. Finally, LADENBURG THALM/SH SH dropped their price objective on shares of Crescent Capital BDC from $15.00 to $14.00 and set a “buy” rating for the company in a report on Wednesday, August 12th.
View Our Latest Analysis on Crescent Capital BDC
Crescent Capital BDC Stock Performance
Crescent Capital BDC (NASDAQ:CCAP – Get Free Report) last posted its earnings results on Monday, August 10th. The company reported $0.36 earnings per share for the quarter, missing the consensus estimate of $0.37 by ($0.01). Crescent Capital BDC had a negative net margin of 2.02% and a positive return on equity of 9.02%. The company had revenue of $5.12 million during the quarter, compared to analyst estimates of $37.12 million. As a group, equities research analysts predict that Crescent Capital BDC will post 1.51 EPS for the current year.
Crescent Capital BDC Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th will be given a $0.34 dividend. This represents a $1.36 annualized dividend and a yield of 12.6%. The ex-dividend date of this dividend is Wednesday, September 30th. Crescent Capital BDC’s dividend payout ratio (DPR) is currently -1,511.11%.
Institutional Trading of Crescent Capital BDC
A number of large investors have recently modified their holdings of CCAP. Northwestern Mutual Wealth Management Co. acquired a new stake in shares of Crescent Capital BDC in the fourth quarter valued at $27,000. Rockefeller Capital Management L.P. acquired a new position in Crescent Capital BDC during the 4th quarter worth $35,000. VPR Management LLC increased its holdings in Crescent Capital BDC by 150.0% during the 3rd quarter. VPR Management LLC now owns 5,000 shares of the company’s stock worth $71,000 after purchasing an additional 3,000 shares during the period. Beacon Pointe Advisors LLC purchased a new stake in Crescent Capital BDC during the 2nd quarter worth about $111,000. Finally, Beaumont Financial Advisors LLC acquired a new stake in Crescent Capital BDC in the 1st quarter valued at about $127,000. Hedge funds and other institutional investors own 49.46% of the company’s stock.
Crescent Capital BDC Company Profile
Crescent Capital BDC, Inc is a closed-end, externally managed business development company that provides flexible financing solutions to middle market companies in the United States. Trading on the Nasdaq under the ticker CCAP, the firm offers investors exposure to a diversified portfolio of debt and equity instruments, targeting businesses with attractive risk-adjusted return profiles. Its primary objective is to generate current income through interest payments and potential capital appreciation via selective equity co-investments.
The company’s investment strategy emphasizes senior secured loans, unsecured second-lien loans, mezzanine debt, as well as preferred and common equity co-investments.
Featured Articles
- Five stocks we like better than Crescent Capital BDC
- Bloom Energy’s AI Surge Meets a Valuation Reality Check
- Target Is Winning Shoppers Back—Can the Rally Reach $180?
- IonQ’s Space Contract Points to a New Frontier for Quantum Investors
- Is Apple’s AI Strategy Smarter Than Skeptics Think?
Receive News & Ratings for Crescent Capital BDC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Crescent Capital BDC and related companies with MarketBeat.com's FREE daily email newsletter.
