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

Crescent Capital BDC, Inc. (NASDAQ:CCAP) was the recipient of a significant growth in short interest during the month of 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 daily volume of 117,200 shares, the short-interest ratio is currently 1.4 days.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in CCAP. Sun Life Financial Inc. raised its position in Crescent Capital BDC by 8.1% in the 2nd quarter. Sun Life Financial Inc. now owns 1,843,766 shares of the company’s stock worth $34,626,000 after purchasing an additional 137,684 shares during the period. Confluence Investment Management LLC acquired a new stake in Crescent Capital BDC in the first quarter valued at approximately $1,200,000. Millennium Management LLC lifted its stake in shares of 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 buying an additional 64,902 shares during the period. Deerfield Management Company L.P. Series C acquired a new stake in shares of Crescent Capital BDC during the second quarter worth $1,021,000. Finally, Marshall Wace LLP acquired a new stake in shares of Crescent Capital BDC during the second quarter worth $767,000. Institutional investors own 49.46% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the company. Bank of America decreased their price objective on Crescent Capital BDC from $20.00 to $19.00 and set a “buy” rating for the company in a report on Thursday, August 15th. LADENBURG THALM/SH SH started coverage on shares of Crescent Capital BDC in a research report on Monday, September 30th. They set a “buy” rating and a $20.00 price objective on the stock. Finally, Wells Fargo & Company cut their price objective on shares of 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. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Crescent Capital BDC has an average rating of “Moderate Buy” and an average price target of $19.00.

Crescent Capital BDC Trading Up 0.1 %

Crescent Capital BDC stock traded up $0.02 during mid-day trading on Friday, hitting $18.35. The company’s stock had a trading volume of 97,093 shares, compared to its average volume of 134,849. The company has a debt-to-equity ratio of 1.17, a current ratio of 1.40 and a quick ratio of 1.40. The stock has a market cap of $680.05 million, a price-to-earnings ratio of 6.67 and a beta of 0.81. The business has a 50 day moving average price of $18.29 and a 200-day moving average price of $18.22. Crescent Capital BDC has a 12 month low of $15.03 and a 12 month high of $19.63.

Crescent Capital BDC (NASDAQ:CCAP) last released its quarterly earnings data on Monday, August 12th. The company reported $0.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.58 by $0.01. The business had revenue of $48.95 million for the quarter, compared to analysts’ expectations of $48.05 million. Crescent Capital BDC had a return on equity of 12.03% and a net margin of 51.61%. During the same period in the prior year, the firm posted $0.56 EPS. As a group, analysts forecast that Crescent Capital BDC will post 2.35 EPS for the current year.

Crescent Capital BDC Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be issued a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a dividend yield of 9.16%. The ex-dividend date of this dividend is Monday, September 30th. This is an increase from Crescent Capital BDC’s previous quarterly dividend of $0.09. Crescent Capital BDC’s dividend payout ratio is 61.09%.

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.