Crescent Capital BDC (NASDAQ:CCAP) Earns Outperform Rating from Analysts at Keefe, Bruyette & Woods

Posted by Defense World Staff on Apr 11th, 2023

Keefe, Bruyette & Woods started coverage on shares of Crescent Capital BDC (NASDAQ:CCAP – Get Rating) in a research report released on Monday, The Fly reports. The firm issued an outperform rating on the stock.

Other research analysts have also issued research reports about the stock. Oppenheimer lowered their price objective on shares of Crescent Capital BDC from $19.00 to $18.00 and set an outperform rating for the company in a research note on Friday, February 24th. TheStreet upgraded Crescent Capital BDC from a c rating to a b- rating in a research note on Monday, March 20th. Four research analysts have rated the stock with a buy rating, According to data from MarketBeat, Crescent Capital BDC currently has a consensus rating of Buy and an average price target of $18.17.

Crescent Capital BDC Stock Down 0.4 %

Shares of NASDAQ CCAP opened at $13.47 on Monday. Crescent Capital BDC has a 52-week low of $12.55 and a 52-week high of $18.63. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 1.07. The business’s 50 day moving average is $14.50 and its two-hundred day moving average is $14.07. The firm has a market cap of $416.05 million, a price-to-earnings ratio of 27.49 and a beta of 0.80.

Crescent Capital BDC Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, April 17th. Investors of record on Friday, March 31st will be given a $0.41 dividend. The ex-dividend date is Thursday, March 30th. This represents a $1.64 dividend on an annualized basis and a yield of 12.18%. Crescent Capital BDC’s dividend payout ratio (DPR) is presently 334.69%.

Institutional Trading of Crescent Capital BDC

Several institutional investors and hedge funds have recently added to or reduced their stakes in CCAP. International Assets Investment Management LLC acquired a new stake in Crescent Capital BDC in the fourth quarter valued at $31,000. Texas County & District Retirement System purchased a new stake in Crescent Capital BDC during the fourth quarter worth approximately $63,922,000. Condor Capital Management boosted its position in Crescent Capital BDC by 28.1% during the 4th quarter. Condor Capital Management now owns 126,937 shares of the company’s stock worth $1,622,000 after purchasing an additional 27,865 shares during the period. Mission Wealth Management LP purchased a new stake in shares of Crescent Capital BDC during the 4th quarter valued at about $133,000. Finally, Cowen Prime Advisors LLC boosted its position in Crescent Capital BDC by 310.0% in the 4th quarter. Cowen Prime Advisors LLC now owns 12,300 shares of the company’s stock valued at $157,000 after buying an additional 9,300 shares during the last quarter. 36.62% of the stock is owned by hedge funds and other institutional investors.

Crescent Capital BDC Company Profile

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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.