Analysts Set Crescent Capital BDC, Inc. (NASDAQ:CCAP) Target Price at $16.33

Crescent Capital BDC, Inc. (NASDAQ:CCAP) has been assigned a consensus recommendation of “Moderate Buy” from the four brokerages that are presently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, one has given a hold rating, one has assigned a buy rating and one has issued a strong buy rating on the company. The average 1-year target price among brokerages that have covered the stock in the last year is $16.3333.

A number of equities analysts have recently commented on CCAP shares. Zacks Research lowered Crescent Capital BDC from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 15th. LADENBURG THALM/SH SH raised Crescent Capital BDC to a “strong-buy” rating in a report on Friday, August 15th. Wall Street Zen raised Crescent Capital BDC from a “sell” rating to a “hold” rating in a report on Friday, June 27th. Finally, Keefe, Bruyette & Woods raised Crescent Capital BDC from a “hold” rating to a “moderate buy” rating in a report on Tuesday, July 22nd.

Insider Activity

In other Crescent Capital BDC news, Director Raymond Barrios acquired 3,245 shares of the stock in a transaction that occurred on Monday, August 25th. The shares were bought at an average price of $15.63 per share, for a total transaction of $50,719.35. Following the completion of the transaction, the director owned 19,177 shares of the company’s stock, valued at approximately $299,736.51. This represents a 20.37% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 1.14% of the company’s stock.

Institutional Investors Weigh In On Crescent Capital BDC

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Pettinga Financial Advisors LLC purchased a new stake in shares of Crescent Capital BDC in the third quarter worth $852,000. Muzinich & Co. Inc. raised its position in shares of Crescent Capital BDC by 23.9% in the third quarter. Muzinich & Co. Inc. now owns 136,796 shares of the company’s stock worth $1,951,000 after buying an additional 26,373 shares in the last quarter. Apollon Wealth Management LLC raised its position in shares of Crescent Capital BDC by 12.3% in the third quarter. Apollon Wealth Management LLC now owns 40,969 shares of the company’s stock worth $584,000 after buying an additional 4,490 shares in the last quarter. Adams Asset Advisors LLC purchased a new stake in shares of Crescent Capital BDC in the third quarter worth $252,000. Finally, Silverberg Bernstein Capital Management LLC raised its position in shares of Crescent Capital BDC by 60.3% in the third quarter. Silverberg Bernstein Capital Management LLC now owns 23,660 shares of the company’s stock worth $337,000 after buying an additional 8,900 shares in the last quarter. Hedge funds and other institutional investors own 49.46% of the company’s stock.

Crescent Capital BDC Stock Up 1.5%

Shares of NASDAQ CCAP opened at $14.07 on Friday. The stock has a fifty day simple moving average of $14.98 and a two-hundred day simple moving average of $14.97. Crescent Capital BDC has a 1-year low of $13.31 and a 1-year high of $20.19. The company has a debt-to-equity ratio of 1.22, a current ratio of 1.27 and a quick ratio of 1.27.

Crescent Capital BDC (NASDAQ:CCAP) last announced its quarterly earnings data on Wednesday, August 13th. The company reported $0.46 earnings per share for the quarter, meeting the consensus estimate of $0.46. Crescent Capital BDC had a return on equity of 10.55% and a net margin of 24.12%.The business had revenue of $42.99 million during the quarter, compared to analyst estimates of $42.52 million. Sell-side analysts expect that Crescent Capital BDC will post 2.09 EPS for the current fiscal year.

Crescent Capital BDC Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th were given a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a dividend yield of 11.9%. The ex-dividend date was Tuesday, September 30th. Crescent Capital BDC’s dividend payout ratio (DPR) is 140.00%.

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.