Crescent Capital BDC, Inc. (NASDAQ:CCAP) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Crescent Capital BDC, Inc. (NASDAQ:CCAP) have been assigned a consensus rating of “Moderate Buy” from the six analysts that are currently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a hold rating and five have given a buy rating to the company. The average 1-year price target among analysts that have covered the stock in the last year is $19.17.

A number of brokerages have recently commented on CCAP. LADENBURG THALM/SH SH began coverage on shares of Crescent Capital BDC in a research report on Monday, September 30th. They issued a “buy” rating and a $20.00 price objective on the stock. Bank of America dropped their price target on shares of 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. Wells Fargo & Company dropped their price target 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. Finally, Keefe, Bruyette & Woods upped 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 report on Monday.

Institutional Trading of Crescent Capital BDC

Hedge funds and other institutional investors have recently bought and sold shares of the business. Point72 Asset Management L.P. acquired a new stake in Crescent Capital BDC in the 2nd quarter worth about $90,000. XTX Topco Ltd bought a new position in Crescent Capital BDC in the 2nd quarter valued at about $195,000. Alpine Global Management LLC bought a new position in Crescent Capital BDC in the 1st quarter valued at about $217,000. Catalina Capital Group LLC bought a new position in Crescent Capital BDC in the 2nd quarter valued at about $220,000. Finally, Cubist Systematic Strategies LLC bought a new position in Crescent Capital BDC in the 2nd quarter valued at about $346,000. Institutional investors and hedge funds own 49.46% of the company’s stock.

Crescent Capital BDC Stock Down 0.2 %

Crescent Capital BDC stock opened at $19.18 on Tuesday. The company has a 50 day moving average of $18.55 and a 200-day moving average of $18.50. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 1.14. The stock has a market capitalization of $710.81 million, a PE ratio of 7.52 and a beta of 0.81. Crescent Capital BDC has a twelve month low of $15.91 and a twelve month high of $19.63.

Crescent Capital BDC Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be paid a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a dividend yield of 8.76%. The ex-dividend date of this dividend is Tuesday, December 31st. This is a boost from Crescent Capital BDC’s previous quarterly dividend of $0.07. Crescent Capital BDC’s dividend payout ratio (DPR) is currently 65.88%.

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.