The shares of Crescent Capital BDC, Inc. (NASDAQ: CCAP) rose 1.80% on Wednesday, although the number of short positions in Crescent Capital BDC, Inc. (NASDAQ: CCAP) declined significantly in August. As of August 15, there were 72,600 shares available for a quick sale, representing an 11.4% decrease from the short position of 81,900 shares that existed the day before. The current short-term index can be calculated using an average daily trading volume of 66,300 shares. That results in a value of 1.1 days for the short interest rate. Short sales of 0.3% of the company’s available inventory are currently being carried out. In recent weeks, several stock analysts have published articles about the company. In a research note published on Friday, August 12, Crescent Capital BDC was upgraded by Oppenheimer from a “market perform” rating to a “performance” rating in a research note.
During the same period, the brokerage company decreased its price estimate for the stock from $20.00 to $19.00. In a research report published on Friday, August 12, Raymond James lowered their price objective for Crescent Capital BDC from $21.00 to $20.50. He maintained its “outperform” rating for the stock in a research report conducted on a company’s share. That was listed on the New York Stock Exchange. Recently, several hedge funds and institutional investors have either increased the quantity of the stock that they are holding or decreased the amount of stock that they have invested in. Ares Management LLC made a new investment of about $7,520,000 in Crescent Capital BDC over the last three months of 2018, acquiring a new interest in the company.
Over the first three months of the year, Sun Life Financial Inc. boosted the percentage of Crescent Capital BDC shares it owned by 62.1%. Sun Life Financial Inc. bought 412,640 shares in the most recent fiscal quarter. This brings the total number of shares that it has in the company to 1,076,654, with a value of $19,164,000. Crescent Capital BDC received new funding during the first quarter of approximately $1,368,000 from Bank of America Corp. DE. During the fourth quarter, Mckinley Capital Management LLC Delaware provided Crescent Capital BDC with funding for approximately $1,183,000. And finally, over the first three months of this year, Captrust Financial Advisors increased the amount of its investment in Crescent Capital BDC by a whopping 797.8%. After purchasing an additional 55,739 shares during the most recent quarter, Captrust Financial Advisors now directly owns 62,726 shares in the business, which are worth $1,117,000.
This brings the total number of shares directly owned by the firm to 62,726. Institutional investors and hedge funds jointly control 35.18% of the company’s shares, making these two types of investors the company’s primary shareholders. When trading on CCAP started on Wednesday, the stock was valued at $17.20. The moving average price of the stock over the past 50 days is $16.57, and the moving average price over the past 200 days is $17.15, respectively. Over the past year, the cost of Crescent Capital BDC has fluctuated between $15.06 and $21.48. The price reached a low of $15.06 and a high of $21.48. There is a ratio of 0.90 for both the current and quick ratios, while there is a ratio of 1.02 for debt to equity. The firm’s market capitalization is $531.31 million, and it has a price-to-earnings ratio of 0.83, a price-to-earnings-growth ratio of 0.83, and a beta value of 0.89. The company’s price-to-earnings ratio is 0.83. I
n addition, the company has stated that it will be paying a quarterly dividend to its shareholders on Monday, October 17. This dividend payment is planned to take place. On September 30, shareholders who have their accounts in good standing will be eligible to receive a dividend payment equal to $0.41 per share. The day that the dividend will be withheld from shareholder accounts is the following Thursday, September 29. This means that the dividend payment will be $1.64 per year, and the return on investment will be 9.53 percent. Currently, the dividend payout ratio, also known as the DPR, for Crescent Capital BDC is 108.61%. BDC Particulars of the Crescent Capital Company are provided here. A private equity/buyout and lending fund for business development companies, Crescent Capital BDC, Inc. is a type of organization that falls under the category of “business development companies.” The topic of direct investment will take up the bulk of our time here. The middle market will be the primary topic of discussion during this exchange. The fund is looking to invest in companies based in the United States.