Crescent Capital BDC, Inc. (NASDAQ:CCAP) Short Interest Up 94.2% in September

by · The Cerbat Gem

Crescent Capital BDC, Inc. (NASDAQ:CCAP – Get Free Report) was the target of a significant growth in short interest in September. As of September 30th, there was short interest totalling 169,900 shares, a growth of 94.2% from the September 15th total of 87,500 shares. Based on an average trading volume of 117,200 shares, the short-interest ratio is currently 1.4 days.

Crescent Capital BDC Trading Up 0.1 %

NASDAQ CCAP traded up $0.02 during trading hours on Friday, hitting $18.35. 97,093 shares of the company were exchanged, compared to its average volume of 134,849. The stock has a 50-day moving average price of $18.29 and a 200 day moving average price of $18.21. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 1.17. Crescent Capital BDC has a 52 week low of $15.03 and a 52 week high of $19.63. The stock has a market cap of $680.05 million, a PE ratio of 6.67 and a beta of 0.81.

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 for the quarter, topping the consensus estimate of $0.58 by $0.01. Crescent Capital BDC had a return on equity of 12.03% and a net margin of 51.61%. The company had revenue of $48.95 million for the quarter, compared to analysts’ expectations of $48.05 million. During the same period in the previous year, the firm posted $0.56 earnings per share. Analysts forecast that Crescent Capital BDC will post 2.35 earnings per share for the current fiscal year.

Crescent Capital BDC Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be paid a dividend of $0.42 per share. This is a boost from Crescent Capital BDC’s previous quarterly dividend of $0.09. The ex-dividend date of this dividend is Monday, September 30th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 9.16%. Crescent Capital BDC’s dividend payout ratio is currently 61.09%.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Point72 Asset Management L.P. purchased a new position in Crescent Capital BDC during the 2nd quarter worth $90,000. Tucker Asset Management LLC purchased a new position in Crescent Capital BDC during the 4th quarter worth $167,000. XTX Topco Ltd bought a new stake in Crescent Capital BDC during the 2nd quarter valued at $195,000. Alpine Global Management LLC bought a new stake in Crescent Capital BDC during the 1st quarter valued at $217,000. Finally, Catalina Capital Group LLC bought a new stake in Crescent Capital BDC during the 2nd quarter valued at $220,000. Institutional investors own 49.46% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently commented on CCAP shares. Wells Fargo & Company lowered 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 report on Wednesday, August 14th. LADENBURG THALM/SH SH initiated coverage on Crescent Capital BDC in a research report on Monday, September 30th. They issued a “buy” rating and a $20.00 target price on the stock. Finally, Bank of America decreased their target price on 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. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $19.00.

View Our Latest Analysis on Crescent Capital BDC

About Crescent Capital BDC

(Get Free Report)

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.

Read More