Brokerages Set Crescent Capital BDC, Inc. (NASDAQ:CCAP) Target Price at $17.60

Shares of Crescent Capital BDC, Inc. (NASDAQ:CCAP - Get Free Report) have been assigned a consensus recommendation of "Moderate Buy" from the five analysts that are currently covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $17.60.

A number of equities analysts have recently commented on the company. Wells Fargo & Company cut their price target on Crescent Capital BDC from $16.00 to $15.00 and set an "equal weight" rating for the company in a report on Friday, May 16th. Wall Street Zen cut Crescent Capital BDC from a "hold" rating to a "sell" rating in a report on Thursday, May 22nd. Keefe, Bruyette & Woods downgraded Crescent Capital BDC from an "outperform" rating to a "market perform" rating and cut their target price for the stock from $18.50 to $17.00 in a research note on Friday, May 16th. Finally, Raymond James Financial decreased their price target on Crescent Capital BDC from $20.00 to $17.00 and set an "outperform" rating on the stock in a research report on Friday, May 16th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of CCAP. Condor Capital Management raised its stake in Crescent Capital BDC by 3.3% in the first quarter. Condor Capital Management now owns 293,289 shares of the company's stock valued at $5,021,000 after purchasing an additional 9,234 shares in the last quarter. Franklin Resources Inc. increased its holdings in shares of Crescent Capital BDC by 12.8% in the 4th quarter. Franklin Resources Inc. now owns 289,131 shares of the company's stock worth $5,557,000 after buying an additional 32,852 shares during the last quarter. Wells Fargo & Company MN increased its holdings in shares of Crescent Capital BDC by 0.5% in the 4th quarter. Wells Fargo & Company MN now owns 253,182 shares of the company's stock worth $4,866,000 after buying an additional 1,210 shares during the last quarter. Raymond James Financial Inc. raised its position in shares of Crescent Capital BDC by 7.8% during the 1st quarter. Raymond James Financial Inc. now owns 210,285 shares of the company's stock valued at $3,600,000 after buying an additional 15,155 shares in the last quarter. Finally, Kovitz Investment Group Partners LLC lifted its holdings in shares of Crescent Capital BDC by 14.4% during the 1st quarter. Kovitz Investment Group Partners LLC now owns 202,873 shares of the company's stock worth $3,473,000 after acquiring an additional 25,528 shares during the last quarter. Hedge funds and other institutional investors own 49.46% of the company's stock.

Crescent Capital BDC Stock Performance

NASDAQ:CCAP traded up $0.11 on Monday, reaching $14.45. 160,526 shares of the company's stock were exchanged, compared to its average volume of 141,905. The firm has a market cap of $535.52 million, a price-to-earnings ratio of 10.78 and a beta of 0.55. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.09 and a quick ratio of 1.09. The stock has a fifty day simple moving average of $15.42 and a 200-day simple moving average of $17.50. Crescent Capital BDC has a 52 week low of $13.54 and a 52 week high of $20.19.

Crescent Capital BDC (NASDAQ:CCAP - Get Free Report) last released its quarterly earnings data 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 11.10% and a net margin of 26.20%. The business had revenue of $42.13 million during the quarter, compared to the consensus estimate of $45.08 million. As a group, sell-side analysts predict that Crescent Capital BDC will post 2.09 earnings per share for the current year.

Crescent Capital BDC Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be paid a $0.42 dividend. The ex-dividend date is Monday, June 30th. This represents a $1.68 dividend on an annualized basis and a yield of 11.63%. Crescent Capital BDC's dividend payout ratio is currently 125.37%.

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.