Crescent Capital BDC, Inc. (NASDAQ:CCAP) Receives $19.00 Consensus Target Price from Brokerages

Crescent Capital BDC, Inc. (NASDAQ:CCAP) has earned a consensus rating of “Moderate Buy” from the six ratings firms that are currently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $19.17.

Several equities research analysts recently issued reports on CCAP shares. LADENBURG THALM/SH SH started coverage on shares of Crescent Capital BDC in a report on Monday, September 30th. They set a “buy” rating and a $20.00 price target on the stock. Wells Fargo & Company decreased 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 report on Wednesday, August 14th. Keefe, Bruyette & Woods lifted their price target on shares of Crescent Capital BDC from $19.00 to $20.00 and gave the company an “outperform” rating in a report on Monday. Finally, Bank of America decreased 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 report on Thursday, August 15th.

Crescent Capital BDC Trading Down 0.2 %

Shares of Crescent Capital BDC stock opened at $19.18 on Tuesday. The firm has a market capitalization of $710.81 million, a PE ratio of 7.52 and a beta of 0.81. 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 firm’s 50 day moving average is $18.55 and its 200 day moving average is $18.50. Crescent Capital BDC has a 1 year low of $15.91 and a 1 year high of $19.63.

Crescent Capital BDC Increases Dividend

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

Institutional Investors Weigh In On Crescent Capital BDC

Several hedge funds have recently added to or reduced their stakes in CCAP. Alpine Global Management LLC acquired a new stake in Crescent Capital BDC during the 1st quarter worth approximately $217,000. Confluence Investment Management LLC lifted its position in shares of Crescent Capital BDC by 3.0% in the 2nd quarter. Confluence Investment Management LLC now owns 71,623 shares of the company’s stock worth $1,345,000 after purchasing an additional 2,108 shares during the period. Sumitomo Mitsui Trust Holdings Inc. lifted its position in shares of Crescent Capital BDC by 14.1% in the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 80,766 shares of the company’s stock worth $1,517,000 after purchasing an additional 10,000 shares during the period. Hennion & Walsh Asset Management Inc. lifted its position in shares of Crescent Capital BDC by 182.3% in the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 49,482 shares of the company’s stock worth $929,000 after purchasing an additional 31,952 shares during the period. Finally, Catalina Capital Group LLC acquired a new position in shares of Crescent Capital BDC in the 2nd quarter worth approximately $220,000. 49.46% of the stock is currently owned by institutional investors and hedge funds.

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.