Crescent Capital BDC (NASDAQ:CCAP) Announces Quarterly Earnings Results

Crescent Capital BDC (NASDAQ:CCAP) released its earnings results on Wednesday. The company reported $0.55 EPS for the quarter, missing the consensus estimate of $0.56 by ($0.01), Zacks reports. Crescent Capital BDC had a return on equity of 12.20% and a net margin of 47.06%.

Crescent Capital BDC Price Performance

Shares of CCAP stock remained flat at $20.00 on Wednesday. The stock had a trading volume of 145,729 shares, compared to its average volume of 86,210. The stock’s fifty day moving average price is $19.47 and its 200 day moving average price is $18.85. 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 $16.18 and a 1-year high of $20.19. The stock has a market cap of $741.20 million, a PE ratio of 7.84 and a beta of 0.81.

Crescent Capital BDC Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were issued a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a dividend yield of 8.40%. This is an increase from Crescent Capital BDC’s previous quarterly dividend of $0.07. The ex-dividend date was Tuesday, December 31st. Crescent Capital BDC’s dividend payout ratio is presently 65.88%.

Analyst Upgrades and Downgrades

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

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.