Crescent Capital BDC, Inc. (NASDAQ:CCAP) Short Interest Update

Crescent Capital BDC, Inc. (NASDAQ:CCAP) was the target of a significant drop in short interest in November. As of November 30th, there was short interest totalling 75,600 shares, a drop of 33.0% from the November 15th total of 112,800 shares. Based on an average daily volume of 105,700 shares, the short-interest ratio is presently 0.7 days.

Crescent Capital BDC Price Performance

CCAP stock traded up $0.07 during mid-day trading on Friday, reaching $19.98. The company’s stock had a trading volume of 100,414 shares, compared to its average volume of 129,315. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 1.14. The company’s 50 day moving average is $18.79 and its two-hundred day moving average is $18.65. Crescent Capital BDC has a fifty-two week low of $15.91 and a fifty-two week high of $20.03. The stock has a market cap of $740.50 million, a PE ratio of 7.84 and a beta of 0.82.

Crescent Capital BDC Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be given a dividend of $0.42 per share. This is an increase from Crescent Capital BDC’s previous quarterly dividend of $0.07. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $1.68 dividend on an annualized basis and a yield of 8.41%. Crescent Capital BDC’s dividend payout ratio (DPR) is presently 65.88%.

Hedge Funds Weigh In On Crescent Capital BDC

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Janney Montgomery Scott LLC increased its stake in shares of Crescent Capital BDC by 174.1% in the 3rd quarter. Janney Montgomery Scott LLC now owns 47,264 shares of the company’s stock worth $874,000 after acquiring an additional 30,018 shares during the last quarter. Sun Life Financial Inc. grew its holdings in shares of Crescent Capital BDC by 20.7% in the third quarter. Sun Life Financial Inc. now owns 2,226,308 shares of the company’s stock valued at $41,187,000 after purchasing an additional 382,542 shares during the period. International Assets Investment Management LLC acquired a new stake in Crescent Capital BDC during the third quarter worth about $1,899,000. Deerfield Management Company L.P. Series C purchased a new position in Crescent Capital BDC during the second quarter worth about $1,021,000. Finally, Hennion & Walsh Asset Management Inc. raised its stake in Crescent Capital BDC by 182.3% during the second quarter. Hennion & Walsh Asset Management Inc. now owns 49,482 shares of the company’s stock worth $929,000 after purchasing an additional 31,952 shares during the period. Institutional investors and hedge funds own 49.46% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. LADENBURG THALM/SH SH began coverage on Crescent Capital BDC in a report on Monday, September 30th. They issued a “buy” rating and a $20.00 price objective on the stock. Keefe, Bruyette & Woods lifted their price target on Crescent Capital BDC from $19.00 to $20.00 and gave the stock an “outperform” rating in a research note on Monday, November 25th. One analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, Crescent Capital BDC currently has a consensus rating of “Moderate Buy” and an average price target of $19.17.

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.