Crescent Capital BDC, Inc. (NASDAQ:CCAP) Short Interest Up 21.2% in February

Crescent Capital BDC, Inc. (NASDAQ:CCAP) saw a significant increase in short interest in February. As of February 28th, there was short interest totalling 103,400 shares, an increase of 21.2% from the February 13th total of 85,300 shares. Currently, 0.3% of the shares of the company are sold short. Based on an average trading volume of 118,900 shares, the short-interest ratio is currently 0.9 days.

Institutional Trading of Crescent Capital BDC

Several hedge funds and other institutional investors have recently modified their holdings of CCAP. Ieq Capital LLC boosted its holdings in Crescent Capital BDC by 2.6% in the 4th quarter. Ieq Capital LLC now owns 22,725 shares of the company’s stock worth $437,000 after buying an additional 584 shares during the period. Confluence Investment Management LLC lifted its holdings in Crescent Capital BDC by 0.9% during the 4th quarter. Confluence Investment Management LLC now owns 73,839 shares of the company’s stock worth $1,419,000 after purchasing an additional 633 shares in the last quarter. HighTower Advisors LLC boosted its stake in Crescent Capital BDC by 0.5% in the 3rd quarter. HighTower Advisors LLC now owns 141,838 shares of the company’s stock worth $2,624,000 after purchasing an additional 768 shares during the period. Denali Advisors LLC lifted its holdings in shares of Crescent Capital BDC by 0.5% in the fourth quarter. Denali Advisors LLC now owns 183,783 shares of the company’s stock worth $3,532,000 after buying an additional 855 shares in the last quarter. Finally, Van ECK Associates Corp boosted its position in shares of Crescent Capital BDC by 2.3% in the fourth quarter. Van ECK Associates Corp now owns 45,562 shares of the company’s stock valued at $876,000 after acquiring an additional 1,006 shares during the period. Institutional investors own 49.46% of the company’s stock.

Wall Street Analyst Weigh In

CCAP has been the topic of several research analyst reports. Wells Fargo & Company cut their price objective on Crescent Capital BDC from $19.00 to $18.00 and set an “equal weight” rating on the stock in a research report on Friday, February 21st. Keefe, Bruyette & Woods lifted their target price 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 investment analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, Crescent Capital BDC presently has a consensus rating of “Moderate Buy” and a consensus price target of $19.20.

Crescent Capital BDC Stock Performance

Shares of NASDAQ:CCAP traded down $0.02 during mid-day trading on Tuesday, reaching $17.45. The company had a trading volume of 55,429 shares, compared to its average volume of 133,935. Crescent Capital BDC has a one year low of $16.81 and a one year high of $20.19. The company has a current ratio of 1.32, a quick ratio of 1.26 and a debt-to-equity ratio of 1.18. The company’s 50-day moving average price is $18.82 and its 200-day moving average price is $18.82. The firm has a market cap of $646.55 million, a price-to-earnings ratio of 8.76 and a beta of 0.82.

Crescent Capital BDC (NASDAQ:CCAP) last issued its quarterly earnings results on Wednesday, February 19th. The company reported $0.55 EPS for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.01). The firm had revenue of $46.40 million for the quarter, compared to analysts’ expectations of $47.27 million. Crescent Capital BDC had a net margin of 37.32% and a return on equity of 11.90%. As a group, equities research analysts anticipate that Crescent Capital BDC will post 2.09 EPS for the current fiscal year.

Crescent Capital BDC Dividend Announcement

The firm also recently announced a dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were given a dividend of $0.05 per share. The ex-dividend date of this dividend was Friday, February 28th. Crescent Capital BDC’s dividend payout ratio is presently 84.42%.

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.