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

Shares of Crescent Capital BDC, Inc. (NASDAQ:CCAP - Get Free Report) saw unusually-strong trading volume on Wednesday . Approximately 81,140 shares were traded 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.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on CCAP shares. Wells Fargo & Company lifted their target price on Crescent Capital BDC from $16.00 to $16.50 and gave the company an "equal weight" rating in a research report on Monday, January 29th. Oppenheimer boosted their price objective on Crescent Capital BDC from $18.00 to $19.00 and gave the company an "outperform" rating in a research report on Friday, February 23rd.

Crescent Capital BDC Stock Up 0.3 %

The company has a 50-day moving average price of $17.03 and a 200 day moving average price of $16.78. The firm has a market capitalization of $638.91 million, a PE ratio of 7.53 and a beta of 0.83. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.98 and a quick ratio of 0.98.

Crescent Capital BDC (NASDAQ:CCAP - Get Free Report) 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 return on equity of 11.32% and a net margin of 45.54%. The firm had revenue of $50.00 million for the quarter, compared to analysts' expectations of $47.99 million. Analysts forecast that Crescent Capital BDC, Inc. will post 2.26 earnings per share for the current year.

Crescent Capital BDC Announces Dividend

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

Institutional Investors Weigh In On Crescent Capital BDC

Large investors have recently made changes to their positions in the company. Raymond James & Associates increased its stake in Crescent Capital BDC by 11.7% during the third quarter. Raymond James & Associates now owns 146,303 shares of the company's stock worth $2,502,000 after acquiring an additional 15,271 shares during the last quarter. Anchor Investment Management LLC bought a new stake in Crescent Capital BDC during the fourth quarter worth approximately $342,000. Connor Clark & Lunn Investment Management Ltd. bought a new stake in Crescent Capital BDC during the third quarter worth approximately $240,000. International Assets Investment Management LLC bought a new stake in Crescent Capital BDC during the fourth quarter worth approximately $1,254,000. Finally, Virtus ETF Advisers LLC increased its stake in Crescent Capital BDC by 43.5% during the third quarter. Virtus ETF Advisers LLC now owns 40,965 shares of the company's stock worth $701,000 after acquiring an additional 12,420 shares during the last quarter. 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.