Short Interest in Crescent Capital BDC, Inc. (NASDAQ:CCAP) Decreases By 12.4%

Crescent Capital BDC, Inc. (NASDAQ:CCAP) was the recipient of a significant decrease in short interest in the month of December. As of December 31st, there was short interest totalling 87,700 shares, a decrease of 12.4% from the December 15th total of 100,100 shares. Based on an average daily trading volume, of 105,200 shares, the short-interest ratio is presently 0.8 days.

Crescent Capital BDC Stock Performance

CCAP traded down $0.02 during trading on Friday, hitting $19.34. 74,403 shares of the stock were exchanged, compared to its average volume of 94,750. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 1.14. Crescent Capital BDC has a 1-year low of $15.91 and a 1-year high of $20.03. The stock has a fifty day moving average price of $19.29 and a two-hundred day moving average price of $18.76. The firm has a market capitalization of $716.74 million, a P/E ratio of 7.58 and a beta of 0.81.

Crescent Capital BDC Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were issued a $0.42 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $1.68 dividend on an annualized basis and a dividend yield of 8.69%. This is a positive change from Crescent Capital BDC’s previous quarterly dividend of $0.07. Crescent Capital BDC’s payout ratio is presently 65.88%.

Hedge Funds Weigh In On Crescent Capital BDC

Large investors have recently bought and sold shares of the company. Janney Montgomery Scott LLC boosted its position in shares of Crescent Capital BDC by 174.1% during the 3rd quarter. Janney Montgomery Scott LLC now owns 47,264 shares of the company’s stock worth $874,000 after purchasing an additional 30,018 shares in the last quarter. Franklin Resources Inc. lifted its stake in shares of Crescent Capital BDC by 35.2% in the third quarter. Franklin Resources Inc. now owns 256,279 shares of the company’s stock valued at $4,726,000 after purchasing an additional 66,713 shares during the period. Stifel Financial Corp boosted its holdings in Crescent Capital BDC by 53.1% during the third quarter. Stifel Financial Corp now owns 66,470 shares of the company’s stock worth $1,230,000 after buying an additional 23,055 shares in the last quarter. Sun Life Financial Inc. grew its holdings in shares of Crescent Capital BDC by 20.7% in the 3rd quarter. Sun Life Financial Inc. now owns 2,226,308 shares of the company’s stock worth $41,187,000 after acquiring an additional 382,542 shares during the period. Finally, International Assets Investment Management LLC purchased a new stake in Crescent Capital BDC during the third quarter worth $1,899,000. Hedge funds and other institutional investors own 49.46% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Keefe, Bruyette & Woods increased their price objective on Crescent Capital BDC from $19.00 to $20.00 and gave the company an “outperform” rating in a report on Monday, November 25th. LADENBURG THALM/SH SH began coverage on shares of Crescent Capital BDC in a report on Monday, September 30th. They set a “buy” rating and a $20.00 price objective on the stock. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, Crescent Capital BDC currently has an average rating of “Moderate Buy” and a consensus target price of $19.17.

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.