Crescent Capital BDC, Inc. (NASDAQ:CCAP – Get Free Report) was the target of a significant growth in short interest in September. As of September 30th, there was short interest totalling 169,900 shares, a growth of 94.2% from the September 15th total of 87,500 shares. Based on an average trading volume of 117,200 shares, the short-interest ratio is currently 1.4 days.
Crescent Capital BDC Trading Up 0.1 %
NASDAQ CCAP traded up $0.02 during trading hours on Friday, hitting $18.35. 97,093 shares of the company were exchanged, compared to its average volume of 134,849. The stock has a 50-day moving average price of $18.29 and a 200 day moving average price of $18.21. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 1.17. Crescent Capital BDC has a 52 week low of $15.03 and a 52 week high of $19.63. The stock has a market cap of $680.05 million, a PE ratio of 6.67 and a beta of 0.81.
Crescent Capital BDC (NASDAQ:CCAP – Get Free Report) last issued its quarterly earnings data on Monday, August 12th. The company reported $0.59 earnings per share for the quarter, topping the consensus estimate of $0.58 by $0.01. Crescent Capital BDC had a return on equity of 12.03% and a net margin of 51.61%. The company had revenue of $48.95 million for the quarter, compared to analysts’ expectations of $48.05 million. During the same period in the previous year, the firm posted $0.56 earnings per share. Analysts forecast that Crescent Capital BDC will post 2.35 earnings per share for the current fiscal year.
Crescent Capital BDC Increases Dividend
Institutional Inflows and Outflows
Hedge funds have recently modified their holdings of the business. Point72 Asset Management L.P. purchased a new position in Crescent Capital BDC during the 2nd quarter worth $90,000. Tucker Asset Management LLC purchased a new position in Crescent Capital BDC during the 4th quarter worth $167,000. XTX Topco Ltd bought a new stake in Crescent Capital BDC during the 2nd quarter valued at $195,000. Alpine Global Management LLC bought a new stake in Crescent Capital BDC during the 1st quarter valued at $217,000. Finally, Catalina Capital Group LLC bought a new stake in Crescent Capital BDC during the 2nd quarter valued at $220,000. Institutional investors own 49.46% of the company’s stock.
Analyst Ratings Changes
Several equities analysts have recently commented on CCAP shares. Wells Fargo & Company lowered their price objective on Crescent Capital BDC from $19.00 to $18.00 and set an “equal weight” rating on the stock in a research report on Wednesday, August 14th. LADENBURG THALM/SH SH initiated coverage on Crescent Capital BDC in a research report on Monday, September 30th. They issued a “buy” rating and a $20.00 target price on the stock. Finally, Bank of America decreased their target price on Crescent Capital BDC from $20.00 to $19.00 and set a “buy” rating on the stock in a research report on Thursday, August 15th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $19.00.
View Our Latest Analysis on Crescent Capital BDC
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.
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