Crescent Capital BDC, Inc. (NASDAQ:CCAP) Short Interest Down 52.4% in January

Crescent Capital BDC, Inc. (NASDAQ:CCAPGet Free Report) saw a large decline in short interest during the month of January. As of January 31st, there was short interest totalling 35,200 shares, a decline of 52.4% from the January 15th total of 74,000 shares. Based on an average daily trading volume, of 104,000 shares, the days-to-cover ratio is presently 0.3 days.

Analysts Set New Price Targets

Separately, Wells Fargo & Company upped their price objective on shares of Crescent Capital BDC from $16.00 to $16.50 and gave the company an “equal weight” rating in a research note on Monday, January 29th.

View Our Latest Stock Report on Crescent Capital BDC

Institutional Trading of Crescent Capital BDC

Several large investors have recently added to or reduced their stakes in the stock. Condor Capital Management grew its stake in Crescent Capital BDC by 6.9% in the fourth quarter. Condor Capital Management now owns 204,084 shares of the company’s stock worth $3,547,000 after purchasing an additional 13,246 shares during the period. Relative Value Partners Group LLC increased its stake in Crescent Capital BDC by 2.1% during the 4th quarter. Relative Value Partners Group LLC now owns 383,121 shares of the company’s stock valued at $6,659,000 after purchasing an additional 7,834 shares in the last quarter. Evoke Wealth LLC lifted its stake in shares of Crescent Capital BDC by 83.5% in the fourth quarter. Evoke Wealth LLC now owns 27,754 shares of the company’s stock worth $494,000 after buying an additional 12,626 shares in the last quarter. Cape Investment Advisory Inc. purchased a new stake in shares of Crescent Capital BDC during the fourth quarter valued at approximately $63,000. Finally, Mckinley Capital Management LLC increased its position in shares of Crescent Capital BDC by 59.0% during the fourth quarter. Mckinley Capital Management LLC now owns 92,910 shares of the company’s stock valued at $1,615,000 after acquiring an additional 34,489 shares in the last quarter. Institutional investors own 47.81% of the company’s stock.

Crescent Capital BDC Trading Up 0.9 %

CCAP traded up $0.15 during trading on Monday, hitting $16.27. 58,370 shares of the stock traded hands, compared to its average volume of 101,561. The company has a debt-to-equity ratio of 1.17, a current ratio of 1.35 and a quick ratio of 1.35. The firm has a 50-day moving average of $16.90 and a 200 day moving average of $16.67. The firm has a market capitalization of $602.97 million, a P/E ratio of 10.47 and a beta of 0.83. Crescent Capital BDC has a 12-month low of $13.11 and a 12-month high of $18.00.

Crescent Capital BDC Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, January 16th. Shareholders of record on Friday, December 29th were issued a $0.41 dividend. The ex-dividend date was Thursday, December 28th. This represents a $1.64 annualized dividend and a yield of 10.08%. This is a boost from Crescent Capital BDC’s previous quarterly dividend of $0.09. Crescent Capital BDC’s dividend payout ratio (DPR) is 106.49%.

Crescent Capital BDC Company Profile

(Get Free Report)

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.

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