Brokerages Set Crescent Capital BDC, Inc. (NASDAQ:CCAP) Price Target at $19.17

Crescent Capital BDC, Inc. (NASDAQ:CCAP) has received an average rating of “Moderate Buy” from the six brokerages that are presently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $19.17.

Several equities research analysts recently weighed in on CCAP shares. LADENBURG THALM/SH SH began coverage on shares of Crescent Capital BDC in a research report on Monday, September 30th. They set a “buy” rating and a $20.00 price objective for the company. Keefe, Bruyette & Woods boosted their target price on shares of Crescent Capital BDC from $19.00 to $20.00 and gave the stock an “outperform” rating in a research note on Monday, November 25th.

Crescent Capital BDC Stock Down 1.5 %

NASDAQ CCAP opened at $18.52 on Wednesday. The company has a 50 day moving average of $19.18 and a 200-day moving average of $18.76. The company has a market cap of $686.39 million, a price-to-earnings ratio of 7.26 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. Crescent Capital BDC has a 1-year low of $15.91 and a 1-year high of $20.03.

Crescent Capital BDC Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be paid a $0.42 dividend. This is a boost from Crescent Capital BDC’s previous quarterly dividend of $0.07. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $1.68 annualized dividend and a dividend yield of 9.07%. Crescent Capital BDC’s payout ratio is currently 65.88%.

Institutional Trading of Crescent Capital BDC

Institutional investors have recently bought and sold shares of the company. Janney Montgomery Scott LLC boosted its position in Crescent Capital BDC by 174.1% during the third quarter. Janney Montgomery Scott LLC now owns 47,264 shares of the company’s stock valued at $874,000 after acquiring an additional 30,018 shares during the last quarter. Franklin Resources Inc. raised its holdings in shares of Crescent Capital BDC by 35.2% in the 3rd quarter. Franklin Resources Inc. now owns 256,279 shares of the company’s stock worth $4,726,000 after acquiring an additional 66,713 shares during the last quarter. Stifel Financial Corp increased its stake in Crescent Capital BDC by 53.1% in the 3rd quarter. Stifel Financial Corp now owns 66,470 shares of the company’s stock valued at $1,230,000 after buying an additional 23,055 shares during the last quarter. Sun Life Financial Inc. increased its stake in Crescent Capital BDC by 20.7% in the 3rd quarter. Sun Life Financial Inc. now owns 2,226,308 shares of the company’s stock valued at $41,187,000 after buying an additional 382,542 shares during the last quarter. Finally, International Assets Investment Management LLC purchased a new stake in Crescent Capital BDC in the 3rd quarter valued at about $1,899,000. Institutional investors own 49.46% of the company’s stock.

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.