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

Crescent Capital BDC (NASDAQ:CCAP) announced its quarterly earnings results on Wednesday. The company reported $0.55 earnings per share for the quarter, missing the consensus estimate of $0.56 by ($0.01), Zacks reports. Crescent Capital BDC had a return on equity of 11.86% and a net margin of 37.32%. The company had revenue of $46.40 million for the quarter, compared to analyst estimates of $47.27 million.

Crescent Capital BDC Stock Down 4.7 %

CCAP stock opened at $19.06 on Friday. The firm has a market cap of $706.33 million, a PE ratio of 9.58 and a beta of 0.81. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.26 and a current ratio of 1.26. The firm’s 50 day moving average price is $19.46 and its 200-day moving average price is $18.86. Crescent Capital BDC has a one year low of $16.38 and a one year high of $20.19.

Crescent Capital BDC Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be paid a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 8.81%. The ex-dividend date of this dividend is Monday, March 31st. Crescent Capital BDC’s dividend payout ratio (DPR) is 84.42%.

Wall Street Analyst Weigh In

CCAP has been the topic of a number of research reports. Wells Fargo & Company raised their price target on shares of 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 target on shares of Crescent Capital BDC from $19.00 to $20.00 and gave the company an “outperform” rating in a research note on Monday, November 25th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, Crescent Capital BDC currently 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.