Crescent Capital BDC (NASDAQ:CCAP) Given New $17.00 Price Target at Raymond James

Crescent Capital BDC (NASDAQ:CCAP) had its price objective cut by Raymond James from $20.00 to $17.00 in a report published on Friday,Benzinga reports. They currently have an outperform rating on the stock.

A number of other equities research analysts have also commented on CCAP. Keefe, Bruyette & Woods lowered Crescent Capital BDC from an “outperform” rating to a “market perform” rating and decreased their price objective for the stock from $18.50 to $17.00 in a research report on Friday. Wells Fargo & Company reduced their price target on shares of Crescent Capital BDC from $16.00 to $15.00 and set an “equal weight” rating for the company in a research report on Friday. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $17.60.

Crescent Capital BDC Trading Down 3.3%

NASDAQ CCAP opened at $15.42 on Friday. Crescent Capital BDC has a twelve month low of $13.54 and a twelve month high of $20.19. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.26 and a current ratio of 1.32. The stock has a market cap of $571.47 million, a price-to-earnings ratio of 7.75 and a beta of 0.63. The firm’s 50 day moving average price is $16.19 and its two-hundred day moving average price is $18.07.

Crescent Capital BDC (NASDAQ:CCAP) last issued its earnings results on Wednesday, May 14th. The company reported $0.45 EPS for the quarter, missing the consensus estimate of $0.52 by ($0.07). Crescent Capital BDC had a return on equity of 11.90% and a net margin of 37.32%. The business had revenue of $42.13 million during the quarter, compared to analyst estimates of $45.08 million. Equities analysts anticipate that Crescent Capital BDC will post 2.09 EPS for the current year.

Crescent Capital BDC Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 30th will be given a dividend of $0.42 per share. The ex-dividend date of this dividend is Monday, June 30th. This represents a $1.68 dividend on an annualized basis and a yield of 10.89%. Crescent Capital BDC’s payout ratio is 84.42%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Montag A & Associates Inc. purchased a new stake in shares of Crescent Capital BDC during the 4th quarter worth about $35,000. C M Bidwell & Associates Ltd. bought a new stake in shares of Crescent Capital BDC in the 4th quarter valued at approximately $39,000. Aquatic Capital Management LLC acquired a new position in Crescent Capital BDC in the fourth quarter worth approximately $129,000. Generation Capital Management LLC acquired a new position in Crescent Capital BDC in the fourth quarter worth approximately $192,000. Finally, Dynamic Technology Lab Private Ltd bought a new position in Crescent Capital BDC during the fourth quarter valued at approximately $218,000. Hedge funds and other institutional investors own 49.46% of the company’s stock.

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.