Short Interest in Crescent Capital BDC, Inc. (NASDAQ:CCAP) Expands By 21.2%

Crescent Capital BDC, Inc. (NASDAQ:CCAP) was the recipient of a significant increase in short interest in the month of February. As of February 28th, there was short interest totalling 103,400 shares, an increase of 21.2% from the February 13th total of 85,300 shares. Based on an average daily trading volume, of 118,900 shares, the days-to-cover ratio is presently 0.9 days. Approximately 0.3% of the company’s shares are short sold.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. Keefe, Bruyette & Woods raised their price objective 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, November 25th. Wells Fargo & Company dropped 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 report on Friday, February 21st. One analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, Crescent Capital BDC presently has an average rating of “Moderate Buy” and an average target price of $19.20.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of CCAP. Kovitz Investment Group Partners LLC purchased a new stake in Crescent Capital BDC in the 3rd quarter valued at $4,878,000. Raymond James Financial Inc. bought a new stake in shares of Crescent Capital BDC in the 4th quarter worth $3,750,000. Franklin Resources Inc. raised its holdings 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 last quarter. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of Crescent Capital BDC in the fourth quarter valued at about $661,000. Finally, Redhawk Wealth Advisors Inc. bought a new position in shares of Crescent Capital BDC during the fourth quarter valued at about $659,000. Institutional investors own 49.46% of the company’s stock.

Crescent Capital BDC Stock Down 0.1 %

Shares of CCAP traded down $0.02 during trading hours on Tuesday, reaching $17.45. The stock had a trading volume of 55,429 shares, compared to its average volume of 133,935. The firm has a 50-day simple moving average of $18.82 and a 200 day simple moving average of $18.82. Crescent Capital BDC has a 12 month low of $16.81 and a 12 month high of $20.19. The company has a current ratio of 1.32, a quick ratio of 1.26 and a debt-to-equity ratio of 1.18. The company has a market capitalization of $646.55 million, a price-to-earnings ratio of 8.76 and a beta of 0.82.

Crescent Capital BDC (NASDAQ:CCAP) last issued its quarterly earnings data on Wednesday, February 19th. The company reported $0.55 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.01). Crescent Capital BDC had a net margin of 37.32% and a return on equity of 11.90%. The business had revenue of $46.40 million for the quarter, compared to analyst estimates of $47.27 million. Equities research analysts predict that Crescent Capital BDC will post 2.09 earnings per share for the current fiscal year.

Crescent Capital BDC Dividend Announcement

The business also recently disclosed a dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were paid a $0.05 dividend. The ex-dividend date was Friday, February 28th. Crescent Capital BDC’s dividend payout ratio (DPR) is presently 84.42%.

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.