Crescent Capital BDC (NASDAQ:CCAP) Hits New 1-Year Low – What’s Next?

Crescent Capital BDC, Inc. (NASDAQ:CCAP) shares reached a new 52-week low during trading on Monday . The stock traded as low as $16.64 and last traded at $17.12, with a volume of 168825 shares traded. The stock had previously closed at $17.10.

Analysts Set New Price Targets

Separately, Wells Fargo & Company lowered their target price on shares of Crescent Capital BDC from $19.00 to $18.00 and set an “equal weight” rating on the stock in a 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 stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $19.20.

Crescent Capital BDC Trading Up 0.1 %

The firm has a 50-day moving average price of $18.60 and a 200-day moving average price of $18.79. The company has a market capitalization of $634.50 million, a price-to-earnings ratio of 8.60 and a beta of 0.82. The company has a current ratio of 1.32, a quick ratio of 1.26 and a debt-to-equity ratio of 1.18.

Crescent Capital BDC (NASDAQ:CCAP) last posted its quarterly earnings data on Wednesday, February 19th. The company reported $0.55 earnings per share for the quarter, missing the consensus estimate of $0.56 by ($0.01). Crescent Capital BDC had a return on equity of 11.90% and a net margin of 37.32%. The firm had revenue of $46.40 million for the quarter, compared to analysts’ expectations of $47.27 million. As a group, sell-side analysts predict that Crescent Capital BDC, Inc. will post 2.09 EPS for the current year.

Crescent Capital BDC Dividend Announcement

The business also recently disclosed a dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were given a dividend of $0.05 per share. The ex-dividend date was Friday, February 28th. Crescent Capital BDC’s payout ratio is presently 84.42%.

Institutional Investors Weigh In On Crescent Capital BDC

Several institutional investors and hedge funds have recently modified their holdings of CCAP. Montag A & Associates Inc. acquired a new position in shares of Crescent Capital BDC during the 4th quarter worth about $35,000. C M Bidwell & Associates Ltd. acquired a new position in Crescent Capital BDC during the 4th quarter valued at $39,000. Aquatic Capital Management LLC bought a new stake in Crescent Capital BDC in the 4th quarter valued at $129,000. Generation Capital Management LLC acquired a new stake in Crescent Capital BDC in the 4th quarter worth $192,000. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in Crescent Capital BDC in the 4th quarter worth $218,000. Institutional investors and hedge funds own 49.46% of the company’s stock.

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.