Crescent Capital BDC, Inc. (NASDAQ:CCAP – Get Free Report) has been assigned a consensus recommendation of “Moderate Buy” from the six ratings firms that are covering the stock, MarketBeat reports. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $19.00.
A number of analysts have weighed in on the stock. LADENBURG THALM/SH SH initiated coverage on shares of Crescent Capital BDC in a research note on Monday, September 30th. They set a “buy” rating and a $20.00 target price on the stock. Bank of America reduced their price objective on shares of Crescent Capital BDC from $20.00 to $19.00 and set a “buy” rating on the stock in a research note on Thursday, August 15th. Finally, Wells Fargo & Company cut their price objective on Crescent Capital BDC from $19.00 to $18.00 and set an “equal weight” rating on the stock in a research note on Wednesday, August 14th.
Check Out Our Latest Analysis on Crescent Capital BDC
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Crescent Capital BDC Stock Performance
Shares of CCAP opened at $18.39 on Friday. The firm has a fifty day simple moving average of $18.43 and a 200 day simple moving average of $18.31. Crescent Capital BDC has a 12 month low of $15.03 and a 12 month high of $19.63. The stock has a market capitalization of $681.57 million, a price-to-earnings ratio of 6.54 and a beta of 0.81. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 1.17.
Crescent Capital BDC (NASDAQ:CCAP – Get Free Report) last issued its quarterly earnings data on Monday, August 12th. The company reported $0.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.58 by $0.01. Crescent Capital BDC had a net margin of 51.61% and a return on equity of 12.03%. The firm had revenue of $48.95 million during the quarter, compared to the consensus estimate of $48.05 million. During the same period last year, the business posted $0.56 earnings per share. Research analysts forecast that Crescent Capital BDC will post 2.35 EPS for the current fiscal year.
Crescent Capital BDC Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were given a dividend of $0.42 per share. The ex-dividend date of this dividend was Monday, September 30th. This represents a $1.68 annualized dividend and a yield of 9.14%. This is a boost from Crescent Capital BDC’s previous quarterly dividend of $0.09. Crescent Capital BDC’s dividend payout ratio is presently 59.79%.
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.
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