Crescent Capital BDC, Inc. (NASDAQ:CCAP) Sees Large Increase in Short Interest

Crescent Capital BDC, Inc. (NASDAQ:CCAP - Get Free Report) was the target of a significant increase in short interest in March. As of March 31st, there was short interest totalling 139,400 shares, an increase of 26.3% from the March 15th total of 110,400 shares. Based on an average trading volume of 143,900 shares, the short-interest ratio is currently 1.0 days. Approximately 0.4% of the company's stock are short sold.

Crescent Capital BDC Stock Up 0.5 %

NASDAQ CCAP traded up $0.08 on Friday, reaching $16.06. The company had a trading volume of 54,271 shares, compared to its average volume of 143,046. The company has a quick ratio of 1.26, a current ratio of 1.32 and a debt-to-equity ratio of 1.18. The stock has a market capitalization of $595.22 million, a P/E ratio of 8.07 and a beta of 0.56. The company's fifty day moving average is $16.87 and its 200 day moving average is $18.34. 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 results on Wednesday, February 19th. The company reported $0.55 earnings per share for the quarter, missing analysts' consensus estimates of $0.56 by ($0.01). Crescent Capital BDC had a net margin of 37.32% and a return on equity of 11.90%. The firm had revenue of $46.40 million for the quarter, compared to the consensus estimate of $47.27 million. Sell-side analysts anticipate that Crescent Capital BDC will post 2.09 earnings per share for the current fiscal year.

Crescent Capital BDC Announces Dividend

The firm also recently announced a dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were issued a $0.05 dividend. The ex-dividend date of this dividend was Friday, February 28th. Crescent Capital BDC's dividend payout ratio is presently 84.42%.

Institutional Trading of Crescent Capital BDC

A number of institutional investors and hedge funds have recently modified their holdings of CCAP. Raymond James Financial Inc. bought a new position in Crescent Capital BDC in the 4th quarter valued at $3,750,000. Franklin Resources Inc. raised its position in Crescent Capital BDC by 35.2% in the third quarter. Franklin Resources Inc. now owns 256,279 shares of the company's stock worth $4,726,000 after acquiring an additional 66,713 shares during the period. Connor Clark & Lunn Investment Management Ltd. purchased a new position in Crescent Capital BDC in the fourth quarter valued at about $661,000. Redhawk Wealth Advisors Inc. bought a new position in shares of Crescent Capital BDC during the 4th quarter valued at approximately $659,000. Finally, Stifel Financial Corp increased its stake in shares of Crescent Capital BDC by 53.1% during the 3rd quarter. Stifel Financial Corp now owns 66,470 shares of the company's stock worth $1,230,000 after purchasing an additional 23,055 shares during the last quarter. 49.46% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. Keefe, Bruyette & Woods lowered their target price on Crescent Capital BDC from $20.00 to $18.50 and set an "outperform" rating on the stock in a research report on Tuesday, April 8th. Wells Fargo & Company reduced their price objective on shares of Crescent Capital BDC from $19.00 to $18.00 and set an "equal weight" rating for the company in a report on Friday, February 21st. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, Crescent Capital BDC currently has an average rating of "Moderate Buy" and a consensus target price of $18.90.

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.