Crescent Capital BDC, Inc. (NASDAQ:CCAP) Announces Dividend of $0.05

Crescent Capital BDC, Inc. (NASDAQ:CCAP) announced a dividend on Friday, February 21st, NASDAQ Dividends reports. Stockholders of record on Friday, February 28th will be paid a dividend of 0.05 per share on Friday, March 14th. The ex-dividend date of this dividend is Friday, February 28th.

Crescent Capital BDC has raised its dividend payment by an average of 0.6% per year over the last three years. Crescent Capital BDC has a payout ratio of 88.0% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall.

Crescent Capital BDC Stock Down 3.3 %

Shares of CCAP traded down $0.64 during mid-day trading on Friday, reaching $18.42. The company had a trading volume of 409,726 shares, compared to its average volume of 101,636. 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 firm has a 50-day moving average price of $19.46 and a 200 day moving average price of $18.86. Crescent Capital BDC has a 52 week low of $16.58 and a 52 week high of $20.19. The company has a market capitalization of $682.50 million, a price-to-earnings ratio of 9.25 and a beta of 0.81.

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). Crescent Capital BDC had a return on equity of 11.86% and a net margin of 37.32%. The company had revenue of $46.40 million during the quarter, compared to the consensus estimate of $47.27 million. On average, sell-side analysts forecast that Crescent Capital BDC will post 2.09 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages recently weighed in on CCAP. Wells Fargo & Company decreased their price objective on shares of Crescent Capital BDC from $19.00 to $18.00 and set an “equal weight” rating for the company in a report on Friday. Keefe, Bruyette & Woods boosted their price objective on shares of Crescent Capital BDC from $19.00 to $20.00 and gave the stock an “outperform” rating in a report on Monday, November 25th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price 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.