Crescent Capital BDC (NASDAQ:CCAP) Issues Earnings Results, Misses Estimates By $0.01 EPS

Crescent Capital BDC (NASDAQ:CCAP) issued its earnings results on Wednesday. The company reported $0.55 earnings per share for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.01), Zacks reports. Crescent Capital BDC had a net margin of 47.06% and a return on equity of 12.20%. The firm had revenue of $46.40 million during the quarter, compared to analyst estimates of $47.27 million.

Crescent Capital BDC Stock Down 4.8 %

Shares of NASDAQ CCAP opened at $19.05 on Thursday. Crescent Capital BDC has a 1 year low of $16.38 and a 1 year high of $20.19. The firm has a market cap of $705.99 million, a price-to-earnings ratio of 7.45 and a beta of 0.81. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.26 and a current ratio of 1.26. The stock’s 50-day simple moving average is $19.48 and its 200-day simple moving average is $18.86.

Crescent Capital BDC Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were given a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a dividend yield of 8.82%. This is a positive change from Crescent Capital BDC’s previous quarterly dividend of $0.07. The ex-dividend date was Tuesday, December 31st. Crescent Capital BDC’s payout ratio is presently 65.88%.

Analyst Ratings Changes

CCAP has been the topic of a number of research analyst 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 report on Wednesday, January 29th. Keefe, Bruyette & Woods lifted their target price on Crescent Capital BDC from $19.00 to $20.00 and gave the company an “outperform” rating in a report on Monday, November 25th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $19.33.

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.