Crescent Capital BDC (NASDAQ:CCAP) Posts Quarterly Earnings Results, Misses Estimates By $0.01 EPS

Crescent Capital BDC (NASDAQ:CCAP) issued its quarterly earnings results on Wednesday. The company reported $0.55 earnings per share for the quarter, missing the consensus estimate 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 Price Performance

Shares of NASDAQ:CCAP remained flat at $20.00 during midday trading on Wednesday. 145,729 shares of the company traded hands, compared to its average volume of 86,199. Crescent Capital BDC has a twelve month low of $16.18 and a twelve month high of $20.19. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 1.14. The business has a 50 day moving average of $19.47 and a 200-day moving average of $18.85. The firm has a market capitalization of $741.20 million, a P/E ratio of 7.84 and a beta of 0.81.

Crescent Capital BDC Increases Dividend

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

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Wells Fargo & Company raised their price target on shares of Crescent Capital BDC from $18.00 to $19.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 29th. Keefe, Bruyette & Woods raised their price target on shares of Crescent Capital BDC from $19.00 to $20.00 and gave the stock an “outperform” rating in a research note on Monday, November 25th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, Crescent Capital BDC has an average rating of “Moderate Buy” and a consensus price target 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.