Crescent Capital BDC, Inc. (NASDAQ:CCAP) Short Interest Update

Crescent Capital BDC, Inc. (NASDAQ:CCAP) was the recipient of a significant increase in short interest during the month of January. As of January 15th, there was short interest totalling 104,500 shares, an increase of 19.2% from the December 31st total of 87,700 shares. Based on an average daily trading volume, of 102,500 shares, the short-interest ratio is currently 1.0 days.

Analyst Ratings Changes

Several research firms have recently commented on CCAP. Wells Fargo & Company upped their price objective on shares of Crescent Capital BDC from $18.00 to $19.00 and gave the company an “equal weight” rating in a report on Wednesday, January 29th. Keefe, Bruyette & Woods raised their price objective on shares of Crescent Capital BDC from $19.00 to $20.00 and gave the stock an “outperform” rating in a research note on Monday, November 25th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $19.33.

Institutional Trading of Crescent Capital BDC

Several large investors have recently bought and sold shares of CCAP. Marshall Wace LLP purchased a new position in Crescent Capital BDC in the second quarter worth approximately $767,000. Cubist Systematic Strategies LLC purchased a new stake in Crescent Capital BDC in the second quarter valued at approximately $346,000. Millennium Management LLC lifted its stake in Crescent Capital BDC by 31.9% during the second quarter. Millennium Management LLC now owns 268,097 shares of the company’s stock worth $5,035,000 after purchasing an additional 64,902 shares in the last quarter. Point72 Asset Management L.P. purchased a new position in shares of Crescent Capital BDC during the second quarter worth $90,000. Finally, International Assets Investment Management LLC acquired a new position in Crescent Capital BDC during the 3rd quarter worth about $1,899,000. Hedge funds and other institutional investors own 49.46% of the company’s stock.

Crescent Capital BDC Stock Up 0.4 %

Shares of CCAP opened at $19.60 on Monday. 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 stock’s 50 day moving average is $19.40 and its two-hundred day moving average is $18.77. The firm has a market cap of $726.38 million, a P/E ratio of 7.69 and a beta of 0.81. 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 released its earnings results on Tuesday, November 12th. The company reported $0.64 EPS 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 business had revenue of $51.63 million during the quarter, compared to analysts’ expectations of $48.76 million. During the same quarter in the previous year, the company earned $0.59 earnings per share. Analysts predict that Crescent Capital BDC will post 2.43 earnings per share for the current fiscal year.

Crescent Capital BDC Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were paid a $0.42 dividend. This is an increase from Crescent Capital BDC’s previous quarterly dividend of $0.07. This represents a $1.68 annualized dividend and a yield of 8.57%. The ex-dividend date of this dividend was Tuesday, December 31st. Crescent Capital BDC’s dividend payout ratio is currently 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.