Crescent Capital BDC (NASDAQ:CCAP) Sees Unusually-High Trading Volume

Crescent Capital BDC, Inc. (NASDAQ:CCAP) shares saw unusually-high trading volume on Wednesday . Approximately 81,140 shares traded hands during 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.

Analyst Upgrades and Downgrades

CCAP has been the topic of several recent research reports. Wells Fargo & Company boosted their target price on Crescent Capital BDC from $16.00 to $16.50 and gave the stock an “equal weight” rating in a report on Monday, January 29th. Oppenheimer upped their price objective on Crescent Capital BDC from $18.00 to $19.00 and gave the company an “outperform” rating in a report on Friday, February 23rd.

Crescent Capital BDC Stock Up 0.2 %

The stock has a market capitalization of $638.54 million, a price-to-earnings ratio of 7.51 and a beta of 0.83. The business has a fifty day moving average of $17.00 and a 200 day moving average of $16.78. 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) last released its quarterly earnings results on Wednesday, February 21st. The company reported $0.61 EPS for the quarter, topping analysts’ consensus estimates 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 company had revenue of $50.00 million for the quarter, compared to analysts’ expectations of $47.99 million. As a group, equities analysts predict 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 declared a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Friday, March 29th were paid a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a yield of 9.52%. The ex-dividend date of this dividend was Wednesday, March 27th. Crescent Capital BDC’s dividend payout ratio (DPR) is 71.62%.

Institutional Trading of Crescent Capital BDC

A number of large investors have recently modified their holdings of the stock. Mariner LLC increased its position in shares of Crescent Capital BDC by 0.3% during the third quarter. Mariner LLC now owns 703,016 shares of the company’s stock worth $12,022,000 after acquiring an additional 2,293 shares during the period. Relative Value Partners Group LLC increased its position in shares of Crescent Capital BDC by 2.1% during the fourth quarter. Relative Value Partners Group LLC now owns 383,121 shares of the company’s stock worth $6,659,000 after acquiring an additional 7,834 shares during the period. Condor Capital Management increased its position in shares of Crescent Capital BDC by 6.9% during the fourth quarter. Condor Capital Management now owns 204,084 shares of the company’s stock worth $3,547,000 after acquiring an additional 13,246 shares during the period. Raymond James & Associates increased its position in shares of 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 period. Finally, Mckinley Capital Management LLC increased its position in shares of Crescent Capital BDC by 59.0% during the fourth quarter. Mckinley Capital Management LLC now owns 92,910 shares of the company’s stock worth $1,615,000 after acquiring an additional 34,489 shares during the period. Hedge funds and other institutional investors own 49.46% of the company’s stock.

Crescent Capital BDC Company Profile

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.