NASDAQ:CCAP

Crescent Capital BDC (CCAP) Stock Forecast, Price & News

$17.10

+0.11 (+0.65%)

(As of 09/29/2023 ET)

Compare

Today's Range: $16.93
▼
$17.25
50-Day Range: $16.13
▼
$17.43
52-Week Range: $12.55
▼
$17.55

Volume: 223,875 shs
Average Volume: 115,987 shs
Market Capitalization: $633.73 million

P/E Ratio: 20.12
Dividend Yield: 9.59%
Price Target: $18.00

Crescent Capital BDC MarketRank™ Forecast

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 5.3% Upside
$18.00 Price Target
Short Interest: Healthy
0.29% of Shares Sold Short
Dividend Strength: Weak
Based on Four Factors
Sustainability: N/A
News Sentiment: 1.62
Based on 4 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: -2.25%
From $2.22 to $2.17 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.22 out of 5 stars

Finance Sector

555th out of 854 stocks

Nondepository Credit Institutions Industry

18th out of 43 stocks

1.5

Analyst's Opinion

Consensus Rating
Crescent Capital BDC has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 3 buy ratings, no hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $18.00, Crescent Capital BDC has a forecasted upside of 5.3% from its current price of $17.10.
Amount of Analyst Coverage
Crescent Capital BDC has received no research coverage in the past 90 days.

5.0

Short Interest

Percentage of Shares Shorted
0.29% of the outstanding shares of Crescent Capital BDC have been sold short.
Short Interest Ratio / Days to Cover
Crescent Capital BDC has a short interest ratio ("days to cover") of 0.8, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Crescent Capital BDC has recently decreased by 38.55%, indicating that investor sentiment is improving significantly.

1.7

Dividend Strength

Dividend Leadership
Crescent Capital BDC is a leading dividend payer. It pays a dividend yield of 9.44%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Crescent Capital BDC does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of Crescent Capital BDC is 192.94%. Payout ratios above 75% are not desirable because they may not be sustainable.
Dividend Sustainability
Based on EPS estimates, Crescent Capital BDC will have a dividend payout ratio of 75.58% in the coming year. This indicates that Crescent Capital BDC may not be able to sustain their current dividend.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for CCAP.

4.2

News and Social Media Coverage

News Sentiment
Crescent Capital BDC has a news sentiment score of 1.62. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.70 average news sentiment score of Finance companies.
News Coverage This Week
MarketBeat has tracked 4 news articles for Crescent Capital BDC this week, compared to 1 article on an average week.
Search Interest
15 people have searched for CCAP on MarketBeat in the last 30 days. This is an increase of 67% compared to the previous 30 days.
MarketBeat Follows
5 people have added Crescent Capital BDC to their MarketBeat watchlist in the last 30 days. This is an increase of 400% compared to the previous 30 days.

0.8

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Crescent Capital BDC insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 0.97% of the stock of Crescent Capital BDC is held by insiders.
Percentage Held by Institutions
47.81% of the stock of Crescent Capital BDC is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.9

Earnings and Valuation

Earnings Growth
Earnings for Crescent Capital BDC are expected to decrease by -2.25% in the coming year, from $2.22 to $2.17 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Crescent Capital BDC is 20.12, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 120.10.
Price to Earnings Ratio vs. Sector
The P/E ratio of Crescent Capital BDC is 20.12, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 74.84.
Price to Book Value per Share Ratio
Crescent Capital BDC has a P/B Ratio of 0.86. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Crescent Capital BDC (NASDAQ:CCAP) Stock

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.

CCAP Price History

30 days | 90 days | 365 days | Advanced Chart

CCAP Stock News Headlines

September 14, 2023 | msn.com

Crescent Capital BDC (CCAP) Outpaces Stock Market Gains: What You Should Know

August 11, 2023 | uk.finance.yahoo.com

Q2 2023 Crescent Capital BDC Inc Earnings Call

September 30, 2023 | Tradewins (Ad)

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August 10, 2023 | seekingalpha.com

Crescent Capital BDC, Inc. 2023 Q2 - Results - Earnings Call Presentation

August 10, 2023 | finance.yahoo.com

Crescent Capital BDC (CCAP) Q2 Earnings and Revenues Beat Estimates

August 9, 2023 | finance.yahoo.com

Crescent Capital BDC, Inc. Reports June 30, 2023 Financial Results; Declares a Third Quarter 2023 Regular Dividend of $0.41 per Share and Announces Inaugural Quarterly Supplemental Dividend

August 7, 2023 | finance.yahoo.com

What's in Store for Crescent Capital (CCAP) in Q2 Earnings?

July 28, 2023 | finance.yahoo.com

Business Development Companies in Solid Shape: 3 Stocks to Buy

September 30, 2023 | Chaikin Analytics (Ad)

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July 21, 2023 | msn.com

Implied Volatility Surging for Crescent (CCAP) Stock Options

July 20, 2023 | msn.com

Crescent Capital BDC (CCAP) Dips More Than Broader Markets: What You Should Know

July 20, 2023 | finance.yahoo.com

Crescent Capital BDC, Inc. Schedules Earnings Release and Conference Call to Discuss its Second Quarter Ended June 30, 2023 Financial Results

July 14, 2023 | msn.com

Crescent Capital BDC (CCAP) Gains As Market Dips: What You Should Know

June 2, 2023 | msn.com

Wall Street Analysts See a 28.39% Upside in Crescent Capital BDC (CCAP): Can the Stock Really Move This High?

May 12, 2023 | msn.com

Crescent Capital BDC (CCAP) Declares $0.41 Dividend

May 11, 2023 | seekingalpha.com

Crescent Capital BDC, Inc. 2023 Q1 - Results - Earnings Call Presentation

May 10, 2023 | finance.yahoo.com

Crescent Capital BDC (CCAP) Q1 Earnings and Revenues Top Estimates

May 10, 2023 | msn.com

Crescent Capital BDC reports Q1 results

May 10, 2023 | finance.yahoo.com

Crescent Capital BDC, Inc. Reports March 31, 2023 Financial Results

April 17, 2023 | finance.yahoo.com

Crescent Capital BDC, Inc. Schedules Earnings Release and Conference Call to Discuss its First Quarter Ended March 31, 2023 Financial Results

April 11, 2023 | msn.com

Keefe, Bruyette & Woods Initiates Coverage of Crescent Capital BDC, Inc. (CCAP) with Outperform Recommendation

April 6, 2023 | msn.com

Is Crescent Capital BDC (CCAP) Outperforming Other Finance Stocks This Year?

March 21, 2023 | finance.yahoo.com

Are Finance Stocks Lagging Crescent Capital BDC (CCAP) This Year?

March 15, 2023 | finance.yahoo.com

Crescent Capital BDC, Inc. Provides Business Update

March 9, 2023 | finance.yahoo.com

Crescent Capital BDC, Inc. Completes Merger with First Eagle Alternative Capital BDC, Inc.

February 22, 2023 | msn.com

Crescent Capital BDC Non-GAAP NII of $1.73 misses by $0.06, Total investment income of $116.72M beats by $2.44M

February 22, 2023 | finance.yahoo.com

Crescent Capital BDC, Inc. Reports December 31, 2022 Financial Results; Declares a First Quarter 2023 Regular Dividend of $0.41 per Share

See More Headlines

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CCAP Company Calendar

Last Earnings: 8/09/2023
Ex-Dividend for 10/16 Dividend: 9/28/2023
Ex-Dividend for 10/16 Dividend: 9/28/2023
Today: 9/29/2023
Dividend Payable: 10/16/2023
Dividend Payable: 10/16/2023
Next Earnings (Estimated): 11/08/2023
Fiscal Year End: 12/31/2023

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Nondepository credit institutions
Sub-Industry: N/A
Sector: Finance
Current Symbol: NASDAQ:CCAP
CUSIP: N/A
CIK: 1633336
Web: www.crescentbdc.com
Phone: 310-235-5900
Fax: N/A
Employees: N/A
Year Founded: N/A

Price Target and Rating

Average Stock Price Forecast: $18.00
High Stock Price Forecast: $18.00
Low Stock Price Forecast: $18.00
Forecasted Upside/Downside: +5.3%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 3 Analysts

Profitability

EPS (Most Recent Fiscal Year): $0.85
Trailing P/E Ratio: 20.12
Forward P/E Ratio: 7.70
P/E Growth: N/A
Net Income: $15.54 million
Net Margins: 20.44%
Pretax Margin: 47.07%
Return on Equity: 9.86%
Return on Assets: 4.48%

Debt

Debt-to-Equity Ratio: 1.18
Current Ratio: 0.89
Quick Ratio: 0.89

Sales & Book Value

Annual Sales: $116.72 million
Price / Sales: 5.43
Cash Flow: $1.74 per share
Price / Cash Flow: 9.83
Book Value: $19.83 per share
Price / Book: 0.86

Miscellaneous

Outstanding Shares: 37,060,000
Free Float: 36,702,000
Market Cap: $633.73 million
Optionable: Not Optionable
Beta: 0.85

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Key Executives

Mr. Jason A. Breaux (Age 50)
CEO & Pres

Mr. Raymond F. Barrios (Age 45)
Managing Director

Mr. Gerhard Lombard (Age 50)
Chief Financial Officer

Daniel McMahon
VP & Head of Public Investor Relations

Mr. Erik George Barrios (Age 45)
Sr. VP, Legal Counsel & Chief Compliance Officer

Mr. Henry Chung
Managing Director

Mr. George Pusey Hawley J.D. (Age 55)
Sec.

Mr. Kirill S. Bouek (Age 39)
Controller

Key Competitors

View All Competitors

Institutional Ownership

View All Institutional Transactions

CCAP Stock - Frequently Asked Questions

Should I buy or sell Crescent Capital BDC stock right now?: 3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Crescent Capital BDC in the last twelve months. There are currently 3 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" CCAP shares.
View CCAP analyst ratings or view top-rated stocks.
What is Crescent Capital BDC's stock price forecast for 2023?: 3 Wall Street analysts have issued 1-year target prices for Crescent Capital BDC's stock. Their CCAP share price forecasts range from $18.00 to $18.00. On average, they anticipate the company's share price to reach $18.00 in the next year. This suggests a possible upside of 5.3% from the stock's current price.
View analysts price targets for CCAP or view top-rated stocks among Wall Street analysts.
How have CCAP shares performed in 2023?: Crescent Capital BDC's stock was trading at $12.78 on January 1st, 2023. Since then, CCAP shares have increased by 33.8% and is now trading at $17.10.
View the best growth stocks for 2023 here.
Are investors shorting Crescent Capital BDC?: Crescent Capital BDC saw a decline in short interest during the month of September. As of September 15th, there was short interest totaling 106,000 shares, a decline of 38.6% from the August 31st total of 172,500 shares. Based on an average daily volume of 137,400 shares, the days-to-cover ratio is currently 0.8 days.
View Crescent Capital BDC's Short Interest.
When is Crescent Capital BDC's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 8th 2023.
View our CCAP earnings forecast.
How were Crescent Capital BDC's earnings last quarter?: Crescent Capital BDC, Inc. (NASDAQ:CCAP) announced its quarterly earnings results on Wednesday, August, 9th. The company reported $0.56 earnings per share for the quarter, beating the consensus estimate of $0.54 by $0.02. The business earned $46.74 million during the quarter, compared to analyst estimates of $45.71 million. Crescent Capital BDC had a net margin of 20.44% and a trailing twelve-month return on equity of 9.86%.
How often does Crescent Capital BDC pay dividends? What is the dividend yield for Crescent Capital BDC?: Crescent Capital BDC declared a quarterly dividend on Thursday, September 28th. Shareholders of record on Friday, September 29th will be paid a dividend of $0.08 per share on Monday, October 16th. This represents a $0.32 annualized dividend and a dividend yield of 1.87%. The ex-dividend date is Thursday, September 28th. This is a positive change from the stock's previous quarterly dividend of $0.05.
Read our dividend analysis for CCAP.

What ETFs hold Crescent Capital BDC's stock?: ETFs with the largest weight of Crescent Capital BDC (NASDAQ:CCAP) stock in their portfolio include Putnam BDC Income ETF (PBDC).Virtus Private Credit ETF (VPC).
Is Crescent Capital BDC a good dividend stock?: Crescent Capital BDC (NASDAQ:CCAP) pays an annual dividend of $1.64 per share and currently has a dividend yield of 9.44%. CCAP has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 192.94%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, CCAP will have a dividend payout ratio of 75.58% in the coming year. This indicates that the company may not be able to sustain their current dividend.
Read our dividend analysis for CCAP.
What other stocks do shareholders of Crescent Capital BDC own?: Based on aggregate information from My MarketBeat watchlists, some companies that other Crescent Capital BDC investors own include NGL Energy Partners (NGL), Annaly Capital Management (NLY), Enterprise Products Partners (EPD), Macerich (MAC), OFS Capital (OFS), AGNC Investment (AGNC), Chimera Investment (CIM), Colony Capital (CLNY), Energy Transfer (ET) and New Residential Investment (NRZ).
What is Crescent Capital BDC's stock symbol?: Crescent Capital BDC trades on the NASDAQ under the ticker symbol "CCAP."
How do I buy shares of Crescent Capital BDC?: Shares of CCAP stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is Crescent Capital BDC's stock price today?: One share of CCAP stock can currently be purchased for approximately $17.10.
How much money does Crescent Capital BDC make?: Crescent Capital BDC (NASDAQ:CCAP) has a market capitalization of $633.73 million and generates $116.72 million in revenue each year. The company earns $15.54 million in net income (profit) each year or $0.85 on an earnings per share basis.
How can I contact Crescent Capital BDC?: Crescent Capital BDC's mailing address is 11100 SANTA MONICA BLVD.SUITE 2000, LOS ANGELES CA, 90025. The official website for the company is www.crescentbdc.com. The company can be reached via phone at 310-235-5900 or via email at bdcir@crescentcap.com.

This page (NASDAQ:CCAP) was last updated on 9/30/2023 by MarketBeat.com Staff

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