Crescent Capital BDC (NASDAQ:CCAP) Reaches New 52-Week Low – Time to Sell?

Crescent Capital BDC, Inc. (NASDAQ:CCAP)’s stock price hit a new 52-week low during mid-day trading on Monday . The stock traded as low as $16.64 and last traded at $17.12, with a volume of 168825 shares. The stock had previously closed at $17.10.

Analysts Set New Price Targets

Separately, Wells Fargo & Company reduced their price objective on Crescent Capital BDC from $19.00 to $18.00 and set an “equal weight” rating on the stock in a report on Friday, February 21st. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $19.20.

Crescent Capital BDC Trading Down 0.4 %

The company has a market capitalization of $632.28 million, a PE ratio of 8.57 and a beta of 0.82. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.32 and a quick ratio of 1.26. The company’s fifty day moving average is $18.50 and its 200-day moving average is $18.78.

Crescent Capital BDC (NASDAQ:CCAP) last announced its quarterly earnings results on Wednesday, February 19th. The company reported $0.55 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.01). The company had revenue of $46.40 million during the quarter, compared to analysts’ expectations of $47.27 million. Crescent Capital BDC had a net margin of 37.32% and a return on equity of 11.90%. On average, analysts anticipate that Crescent Capital BDC, Inc. will post 2.09 EPS for the current fiscal year.

Crescent Capital BDC Dividend Announcement

The company also recently announced a dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were issued a $0.05 dividend. The ex-dividend date was Friday, February 28th. Crescent Capital BDC’s dividend payout ratio is presently 84.42%.

Institutional Trading of Crescent Capital BDC

A number of institutional investors have recently modified their holdings of the company. Montag A & Associates Inc. bought a new position in shares of Crescent Capital BDC during the 4th quarter worth approximately $35,000. C M Bidwell & Associates Ltd. purchased a new position in Crescent Capital BDC in the fourth quarter worth $39,000. Aquatic Capital Management LLC acquired a new position in shares of Crescent Capital BDC during the fourth quarter worth $129,000. Generation Capital Management LLC purchased a new stake in shares of Crescent Capital BDC during the 4th quarter valued at $192,000. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in shares of Crescent Capital BDC in the 4th quarter worth $218,000. 49.46% of the stock is currently owned by institutional investors.

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.