Crescent Capital BDC (NASDAQ:CCAP) Issues Earnings Results, Misses Expectations By $0.01 EPS

Crescent Capital BDC (NASDAQ:CCAP) announced its quarterly earnings results on Wednesday. The company reported $0.55 earnings per share for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.01), Zacks reports. Crescent Capital BDC had a return on equity of 12.20% and a net margin of 47.06%.

Crescent Capital BDC Stock Performance

Shares of CCAP stock remained flat at $20.00 during trading hours on Wednesday. 145,729 shares of the stock traded hands, compared to its average volume of 86,210. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.26 and a quick ratio of 1.26. Crescent Capital BDC has a twelve month low of $16.18 and a twelve month high of $20.19. The firm has a 50 day moving average price of $19.47 and a 200-day moving average price of $18.85. The company has a market cap of $741.20 million, a PE ratio of 7.84 and a beta of 0.81.

Crescent Capital BDC Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were given a dividend of $0.42 per share. This is a boost from Crescent Capital BDC’s previous quarterly dividend of $0.07. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $1.68 annualized dividend and a dividend yield of 8.40%. Crescent Capital BDC’s dividend payout ratio (DPR) is presently 65.88%.

Wall Street Analyst Weigh In

A number of research firms have weighed in on CCAP. Keefe, Bruyette & Woods upped their price objective on shares of 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 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 research report on Wednesday, January 29th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $19.33.

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.