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

Crescent Capital BDC, Inc. (NASDAQ:CCAP) was the recipient of a significant growth in short interest during the month of March. As of March 31st, there was short interest totalling 139,400 shares, a growth 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. Currently, 0.4% of the shares of the company are sold short.

Crescent Capital BDC Price Performance

Shares of CCAP opened at $15.13 on Tuesday. Crescent Capital BDC has a one year low of $13.54 and a one year high of $20.19. The stock’s fifty day moving average is $17.12 and its 200-day moving average is $18.39. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.26 and a current ratio of 1.32. The firm has a market capitalization of $560.75 million, a price-to-earnings ratio of 7.60 and a beta of 0.56.

Crescent Capital BDC (NASDAQ:CCAP) last released its quarterly earnings results on Wednesday, February 19th. The company reported $0.55 EPS for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.01). Crescent Capital BDC had a return on equity of 11.90% and a net margin of 37.32%. The company had revenue of $46.40 million for the quarter, compared to the consensus estimate of $47.27 million. Equities analysts anticipate that Crescent Capital BDC will post 2.09 EPS for the current year.

Crescent Capital BDC Dividend Announcement

The company also recently disclosed a dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were paid 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 Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Franklin Resources Inc. lifted its holdings in Crescent Capital BDC by 12.8% in the 4th quarter. Franklin Resources Inc. now owns 289,131 shares of the company’s stock valued at $5,557,000 after acquiring an additional 32,852 shares during the last quarter. Condor Capital Management boosted its holdings in Crescent Capital BDC by 4.7% during the fourth quarter. Condor Capital Management now owns 284,055 shares of the company’s stock worth $5,460,000 after buying an additional 12,852 shares in the last quarter. Wells Fargo & Company MN increased its holdings in shares of Crescent Capital BDC by 0.5% in the fourth quarter. Wells Fargo & Company MN now owns 253,182 shares of the company’s stock valued at $4,866,000 after buying an additional 1,210 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Crescent Capital BDC during the 4th quarter valued at $3,750,000. Finally, Denali Advisors LLC boosted its stake in shares of Crescent Capital BDC by 0.5% during the 4th quarter. Denali Advisors LLC now owns 183,783 shares of the company’s stock worth $3,532,000 after acquiring an additional 855 shares in the last quarter. Institutional investors own 49.46% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. Keefe, Bruyette & Woods dropped their price target 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 target 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 equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $18.90.

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.