Brokerages Set Crescent Capital BDC, Inc. (NASDAQ:CCAP) PT at $19.17

Shares of Crescent Capital BDC, Inc. (NASDAQ:CCAP) have been assigned a consensus rating of “Moderate Buy” from the six analysts that are presently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $19.17.

A number of equities research analysts have recently issued reports on the stock. Keefe, Bruyette & Woods boosted their target price on shares of Crescent Capital BDC from $19.00 to $20.00 and gave the company an “outperform” rating in a research report on Monday, November 25th. LADENBURG THALM/SH SH initiated coverage on shares of Crescent Capital BDC in a research report on Monday, September 30th. They issued a “buy” rating and a $20.00 target price for the company.

Crescent Capital BDC Trading Down 1.5 %

Shares of Crescent Capital BDC stock opened at $18.52 on Wednesday. The firm has a 50-day moving average of $19.18 and a 200-day moving average of $18.76. The stock has a market cap of $686.39 million, a PE ratio of 7.26 and a beta of 0.81. Crescent Capital BDC has a 52-week low of $15.91 and a 52-week high of $20.03. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.26 and a current ratio of 1.26.

Crescent Capital BDC Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be paid a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 9.07%. The ex-dividend date is Tuesday, December 31st. This is an increase from Crescent Capital BDC’s previous quarterly dividend of $0.07. Crescent Capital BDC’s payout ratio is 65.88%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of CCAP. Sun Life Financial Inc. raised its stake in Crescent Capital BDC by 20.7% during the third quarter. Sun Life Financial Inc. now owns 2,226,308 shares of the company’s stock worth $41,187,000 after acquiring an additional 382,542 shares in the last quarter. Kovitz Investment Group Partners LLC acquired a new position in Crescent Capital BDC during the third quarter worth about $4,878,000. International Assets Investment Management LLC acquired a new position in Crescent Capital BDC during the third quarter worth about $1,899,000. Franklin Resources Inc. raised its stake in Crescent Capital BDC by 35.2% during the third quarter. Franklin Resources Inc. now owns 256,279 shares of the company’s stock worth $4,726,000 after acquiring an additional 66,713 shares in the last quarter. Finally, Millennium Management LLC raised its stake in Crescent Capital BDC by 31.9% during the second quarter. Millennium Management LLC now owns 268,097 shares of the company’s stock worth $5,035,000 after acquiring an additional 64,902 shares in the last quarter. Institutional investors and hedge funds own 49.46% of the company’s stock.

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.