Crescent Capital BDC (NASDAQ:CCAP) Sees Strong Trading Volume

Shares of Crescent Capital BDC, Inc. (NASDAQ:CCAP) saw strong trading volume on Wednesday . 81,140 shares traded hands during mid-day trading, a decline of 16% from the previous session’s volume of 96,219 shares.The stock last traded at $17.28 and had previously closed at $17.19.

Analyst Upgrades and Downgrades

Several research firms recently commented on CCAP. Wells Fargo & Company boosted their price objective on shares of Crescent Capital BDC from $16.00 to $16.50 and gave the stock an “equal weight” rating in a research note on Monday, January 29th. Oppenheimer boosted their price target on Crescent Capital BDC from $18.00 to $19.00 and gave the stock an “outperform” rating in a research report on Friday, February 23rd.

Crescent Capital BDC Stock Performance

The company has a debt-to-equity ratio of 1.14, a current ratio of 0.98 and a quick ratio of 0.98. The business has a 50 day moving average price of $17.04 and a 200 day moving average price of $16.79. The stock has a market capitalization of $638.91 million, a PE ratio of 7.53 and a beta of 0.83.

Crescent Capital BDC (NASDAQ:CCAP) last issued its earnings results on Wednesday, February 21st. The company reported $0.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.04. Crescent Capital BDC had a net margin of 45.54% and a return on equity of 11.32%. The business had revenue of $50.00 million during the quarter, compared to analysts’ expectations of $47.99 million. As a group, equities research analysts expect that Crescent Capital BDC, Inc. will post 2.26 earnings per share for the current year.

Crescent Capital BDC Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Friday, March 29th were issued a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a dividend yield of 9.51%. The ex-dividend date of this dividend was Wednesday, March 27th. Crescent Capital BDC’s payout ratio is 71.62%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. International Assets Investment Management LLC purchased a new position in Crescent Capital BDC in the 4th quarter worth about $1,254,000. Confluence Investment Management LLC bought a new stake in shares of Crescent Capital BDC in the first quarter worth approximately $1,200,000. Sumitomo Mitsui Trust Holdings Inc. purchased a new position in shares of Crescent Capital BDC during the fourth quarter valued at approximately $843,000. Muzinich & Co. Inc. bought a new position in Crescent Capital BDC during the fourth quarter valued at approximately $843,000. Finally, Mmbg Investment Advisors CO. bought a new position in Crescent Capital BDC during the fourth quarter valued at approximately $612,000. 49.46% of the stock is 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.