Crescent Capital BDC, Inc. (NASDAQ:CCAP) Short Interest Up 19.2% in January

Crescent Capital BDC, Inc. (NASDAQ:CCAP) was the target of a significant increase in short interest during the month of January. As of January 15th, there was short interest totalling 104,500 shares, an increase of 19.2% from the December 31st total of 87,700 shares. Based on an average daily trading volume, of 102,500 shares, the short-interest ratio is presently 1.0 days.

Crescent Capital BDC Stock Performance

Shares of CCAP stock traded down $0.09 on Monday, hitting $19.51. 103,625 shares of the stock were exchanged, compared to its average volume of 82,239. The firm’s 50 day moving average is $19.40 and its two-hundred day moving average is $18.77. Crescent Capital BDC has a one year low of $15.91 and a one year high of $20.03. The firm has a market capitalization of $723.04 million, a PE ratio of 7.65 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 (NASDAQ:CCAP) last released its quarterly earnings results on Tuesday, November 12th. The company reported $0.64 EPS for the quarter, beating analysts’ consensus estimates of $0.57 by $0.07. Crescent Capital BDC had a net margin of 47.06% and a return on equity of 12.20%. The firm had revenue of $51.63 million during the quarter, compared to analyst estimates of $48.76 million. During the same period in the previous year, the business earned $0.59 EPS. Sell-side analysts expect that Crescent Capital BDC will post 2.43 earnings per share for the current fiscal year.

Crescent Capital BDC Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were given a $0.42 dividend. This represents a $1.68 annualized dividend and a dividend yield of 8.61%. This is a boost from Crescent Capital BDC’s previous quarterly dividend of $0.07. The ex-dividend date of this dividend was Tuesday, December 31st. Crescent Capital BDC’s dividend payout ratio (DPR) is currently 65.88%.

Institutional Trading of Crescent Capital BDC

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Montag A & Associates Inc. bought a new position in Crescent Capital BDC in the 4th quarter valued at approximately $35,000. Point72 Asset Management L.P. purchased a new stake in shares of Crescent Capital BDC during the second quarter valued at $90,000. Cubist Systematic Strategies LLC purchased a new stake in shares of Crescent Capital BDC during the second quarter valued at $346,000. Ieq Capital LLC increased its holdings in Crescent Capital BDC by 2.6% in the 4th quarter. Ieq Capital LLC now owns 22,725 shares of the company’s stock worth $437,000 after buying an additional 584 shares in the last quarter. Finally, Pettinga Financial Advisors LLC raised its position in Crescent Capital BDC by 95.8% in the 3rd quarter. Pettinga Financial Advisors LLC now owns 29,017 shares of the company’s stock worth $537,000 after buying an additional 14,200 shares during the last quarter. 49.46% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have issued reports on CCAP shares. Wells Fargo & Company lifted their price target on Crescent Capital BDC from $18.00 to $19.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 29th. Keefe, Bruyette & Woods raised their price objective on Crescent Capital BDC from $19.00 to $20.00 and gave the company an “outperform” rating in a research report on Monday, November 25th. One analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $19.33.

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.