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

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 given a dividend of 0.05 per share on Friday, March 14th. The ex-dividend date is Friday, February 28th.

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

Crescent Capital BDC Stock Down 3.3 %

Shares of NASDAQ CCAP traded down $0.64 during midday trading on Friday, hitting $18.42. 409,726 shares of the stock traded hands, compared to its average volume of 92,270. The company has a market cap of $682.46 million, a PE ratio of 9.25 and a beta of 0.81. Crescent Capital BDC has a one year low of $16.58 and a one year high of $20.19. The business has a 50 day moving average price of $19.43 and a two-hundred day moving average price of $18.87. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.26 and a current ratio of 1.32.

Crescent Capital BDC (NASDAQ:CCAP) last released its quarterly earnings data on Wednesday, February 19th. The company reported $0.55 EPS for the quarter, missing the consensus estimate of $0.56 by ($0.01). The firm had revenue of $46.40 million for the quarter, compared to the consensus estimate of $47.27 million. Crescent Capital BDC had a net margin of 37.32% and a return on equity of 11.90%. On average, equities analysts predict that Crescent Capital BDC will post 2.09 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on CCAP shares. 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. Keefe, Bruyette & Woods boosted their price objective on Crescent Capital BDC from $19.00 to $20.00 and gave the stock an “outperform” rating in a research report on Monday, November 25th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, Crescent Capital BDC presently has an average rating of “Moderate Buy” and an average price target of $19.17.

Crescent Capital BDC Company Profile

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.