Crescent Capital BDC (NASDAQ:CCAP) Announces Quarterly Earnings Results

Crescent Capital BDC (NASDAQ:CCAP) released its quarterly earnings data on Monday. The company reported $0.59 earnings per share (EPS) for the quarter, topping the consensus estimate 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 period in the previous year, the firm earned $0.56 earnings per share.

Crescent Capital BDC Stock Performance

CCAP remained flat at $17.77 on Wednesday. 62,320 shares of the company were exchanged, compared to its average volume of 141,572. The firm has a 50 day moving average of $18.75 and a two-hundred day moving average of $17.72. The stock has a market cap of $658.59 million, a P/E ratio of 6.32 and a beta of 0.81. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.36 and a quick ratio of 1.36. Crescent Capital BDC has a 12-month low of $15.03 and a 12-month high of $19.63.

Crescent Capital BDC Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, September 16th. Investors of record on Saturday, August 31st will be given a $0.09 dividend. The ex-dividend date is Friday, August 30th. This represents a $0.36 dividend on an annualized basis and a yield of 2.03%. Crescent Capital BDC’s dividend payout ratio is presently 59.79%.

Wall Street Analyst Weigh In

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

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.