Crescent Capital BDC (NASDAQ:CCAP) Posts Quarterly Earnings Results, Beats Estimates By $0.01 EPS

Crescent Capital BDC (NASDAQ:CCAP) issued its quarterly earnings results on Monday. The company reported $0.59 earnings per share for the quarter, topping analysts’ consensus estimates of $0.58 by $0.01, Yahoo Finance reports. The company had revenue of $48.95 million during the quarter, compared to the consensus estimate of $48.05 million. Crescent Capital BDC had a net margin of 53.32% and a return on equity of 11.99%. During the same quarter in the prior year, the firm posted $0.56 EPS.

Crescent Capital BDC Price Performance

Shares of CCAP traded up $0.05 during trading hours on Wednesday, reaching $17.82. The stock had a trading volume of 79,518 shares, compared to its average volume of 141,705. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.36 and a current ratio of 1.36. Crescent Capital BDC has a 12 month low of $15.03 and a 12 month high of $19.63. The stock has a market capitalization of $660.44 million, a PE ratio of 6.32 and a beta of 0.81. The company’s 50-day moving average is $18.75 and its two-hundred day moving average is $17.72.

Crescent Capital BDC Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, September 16th. Shareholders of record on Saturday, August 31st will be paid a dividend of $0.09 per share. The ex-dividend date of this dividend is Friday, August 30th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 2.02%. Crescent Capital BDC’s payout ratio is presently 59.79%.

Analyst Ratings Changes

Several research analysts have commented on the stock. Raymond James boosted their price objective on shares of Crescent Capital BDC from $18.00 to $19.00 and gave the company an “outperform” rating in a research report on Friday, May 10th. Wells Fargo & Company dropped their price objective on Crescent Capital BDC from $19.00 to $18.00 and set an “equal weight” rating for the company in a research report on Wednesday. Finally, Keefe, Bruyette & Woods lifted their target price on Crescent Capital BDC from $18.50 to $19.00 and gave the company an “outperform” rating in a research report on Thursday, May 23rd.

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.