Crescent Capital BDC, Inc. (NASDAQ:CCAP) Plans $0.05 Dividend

Crescent Capital BDC, Inc. (NASDAQ:CCAP) declared a dividend on Tuesday, February 25th, NASDAQ Dividends reports. Investors of record on Friday, February 28th will be paid a dividend of 0.05 per share on Friday, March 14th. The ex-dividend date is Friday, February 28th.

Crescent Capital BDC has increased its dividend payment by an average of 0.6% per year over the last three years. Crescent Capital BDC has a dividend payout ratio of 88.4% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline.

Crescent Capital BDC Stock Up 0.7 %

Shares of CCAP stock opened at $18.36 on Wednesday. The company’s fifty day simple moving average is $19.37 and its two-hundred day simple moving average is $18.89. Crescent Capital BDC has a 52 week low of $16.58 and a 52 week high of $20.19. The stock has a market cap of $680.46 million, a P/E ratio of 9.23 and a beta of 0.81. The company has a quick ratio of 1.26, a current ratio of 1.32 and a debt-to-equity ratio of 1.18.

Crescent Capital BDC (NASDAQ:CCAP) last posted its earnings results on Wednesday, February 19th. The company reported $0.55 EPS for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.01). The firm had revenue of $46.40 million during the quarter, compared to analysts’ expectations of $47.27 million. Crescent Capital BDC had a return on equity of 11.90% and a net margin of 37.32%. Analysts predict that Crescent Capital BDC will post 2.09 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on CCAP. Keefe, Bruyette & Woods increased their target price on Crescent Capital BDC from $19.00 to $20.00 and gave the company an “outperform” rating in a research report on Monday, November 25th. Wells Fargo & Company lowered their price objective on shares of Crescent Capital BDC from $19.00 to $18.00 and set an “equal weight” rating for the company in a research report on Friday, February 21st. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $19.20.

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.