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

Crescent Capital BDC, Inc. (NASDAQ:CCAP) shares saw an uptick in trading volume on Monday . 108,363 shares were traded during trading, a decline of 23% from the previous session’s volume of 141,542 shares.The stock last traded at $17.26 and had previously closed at $18.06.

Analyst Upgrades and Downgrades

CCAP has been the topic of a number of recent research reports. Wells Fargo & Company lifted their target price on Crescent Capital BDC from $18.00 to $19.00 and gave the company an “equal weight” rating in a research report on Friday, July 26th. Keefe, Bruyette & Woods boosted their price objective on shares of Crescent Capital BDC from $18.50 to $19.00 and gave the stock an “outperform” rating in a research report on Thursday, May 23rd. Finally, Raymond James increased their target price on shares of Crescent Capital BDC from $18.00 to $19.00 and gave the stock an “outperform” rating in a report on Friday, May 10th.

Crescent Capital BDC Stock Performance

The stock has a market capitalization of $654.14 million, a P/E ratio of 6.30 and a beta of 0.81. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 1.11. The stock has a 50 day simple moving average of $18.79 and a two-hundred day simple moving average of $17.68.

Crescent Capital BDC (NASDAQ:CCAP) last posted its quarterly earnings results on Wednesday, May 8th. The company reported $0.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.59 by $0.04. The firm had revenue of $50.36 million for the quarter, compared to analyst estimates of $48.31 million. Crescent Capital BDC had a net margin of 53.32% and a return on equity of 11.99%. On average, equities analysts forecast that Crescent Capital BDC, Inc. will post 2.34 EPS for the current fiscal year.

Crescent Capital BDC Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 15th. Shareholders of record on Friday, June 28th were paid a $0.42 dividend. This is a positive change from Crescent Capital BDC’s previous quarterly dividend of $0.41. The ex-dividend date of this dividend was Friday, June 28th. This represents a $1.68 annualized dividend and a yield of 9.52%. Crescent Capital BDC’s dividend payout ratio is currently 59.79%.

Institutional Trading of Crescent Capital BDC

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Confluence Investment Management LLC grew its position in shares of Crescent Capital BDC by 3.0% in the second quarter. Confluence Investment Management LLC now owns 71,623 shares of the company’s stock valued at $1,345,000 after purchasing an additional 2,108 shares during the last quarter. Apollon Wealth Management LLC lifted its holdings in shares of Crescent Capital BDC by 18.0% during the fourth quarter. Apollon Wealth Management LLC now owns 21,930 shares of the company’s stock worth $381,000 after buying an additional 3,353 shares in the last quarter. Cape Investment Advisory Inc. bought a new stake in shares of Crescent Capital BDC in the fourth quarter valued at about $63,000. Jump Financial LLC grew its stake in shares of Crescent Capital BDC by 29.8% in the fourth quarter. Jump Financial LLC now owns 25,382 shares of the company’s stock valued at $441,000 after acquiring an additional 5,823 shares in the last quarter. Finally, Relative Value Partners Group LLC increased its position in 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. 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.