Crescent Capital BDC
CCAP

$17.96

2.07%

Market Cap: $666M

About: Crescent Capital BDC Inc is a business development company structured as an externally managed, closed-end, non-diversified management investment company. The company's primary investment objective is to maximize the total return to its stockholders in the form of current income and capital appreciation through debt and related equity investments. It will seek to achieve its investment objectives by investing in secured debt (including senior secured, unitranche, and second lien debt) and unsecured debt (including senior unsecured, mezzanine, and subordinated debt), as well as related equity securities of private U.S. middle-market companies.

0

Funds holding %

of 6,686 funds

0

Analysts bullish %

of 3 analysts

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

182% more call options, than puts

Call options by funds: $604K | Put options by funds: $214K

154% more repeat investments, than reductions

Existing positions increased: 33 | Existing positions reduced: 13

47% more first-time investments, than exits

New positions opened: 22 | Existing positions closed: 15

9% more funds holding

Funds holding: 76 [Q1] → 83 (+7) [Q2]

3% more capital invested

Capital invested by funds: $315M [Q1] → $323M (+$8.27M) [Q2]

0% more funds holding in top 10

Funds holding in top 10: 3 [Q1] → 3 (+0) [Q2]

2.75% less ownership

Funds ownership: 49.18% [Q1] → 46.43% (-2.75%) [Q2]

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Research analyst outlook

3 Wall Street Analysts provided 1 year price targets over the past 3 months

Low target

$18

0%

upside

Avg. target

$18.67

4%

upside

High target

$19

6%

upside

3 analyst ratings

1 positive

33%

2 neutral

67%

0 negative

0%

B of A Securities Derek Hewett 50% 1-year accuracy 2 / 4 met price target	6%upside $19	Buy Maintained	15 Aug 2024
Wells Fargo Finian O'Shea 68% 1-year accuracy 17 / 25 met price target	0%upside $18	Equal-Weight Maintained	14 Aug 2024
Wells Fargo Finian O'Shea 68% 1-year accuracy 17 / 25 met price target	6%upside $19	Equal-Weight Maintained	26 Jul 2024

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Financial journalist opinion

Based on 7 articles about CCAP published over the past 30 days

2 BDCs With Unjustified Discount Of 10% Or Greater

In the current environment, it is indeed difficult for BDCs to achieve premium over NAV. However, as the earnings and dividends continue to remain strong in the sector, I see no reason for significant discounts to NAV. In this article, I have identified two BDCs, which trade at a steep discount to their net asset values despite robust fundamentals. It clearly provides an opportunity for investors.

2 BDCs With Unjustified Discount Of 10% Or Greater

Zacks Investment Research

3 SBIC & Commercial Finance Stocks to Watch Despite Industry Woes

Weak asset quality high rates and macroeconomic woes are likely to hurt Zacks SBIC & Commercial Finance industry players like Golub Capital (GBDC), Barings BDC (BBDC) and Crescent Capital (CCAP). Yet, a rise in financing demand across sectors is likely to aid.

3 SBIC & Commercial Finance Stocks to Watch Despite Industry Woes

Crescent Capital: Strong Cash Flow And The Right Quality For Remaining Bullish

Recently, Crescent Capital has outperformed the BDC market delivering positive returns, while the index has dropped in the negative return territory. Q2, 2024 earnings deck helps explain this, where we can see a continued generation of robust cash flows, solid portfolio quality and improved transaction outlook. In this article, I dissect the Q2 earnings and explain in detail why I have remained bullish.

Crescent Capital: Strong Cash Flow And The Right Quality For Remaining Bullish

Crescent Capital BDC, Inc. (CCAP) Q2 2024 Earnings Call Transcript

Crescent Capital BDC, Inc. (NASDAQ:CCAP ) Q2 2024 Results Conference Call August 13, 2024 12:00 PM ET Company Participants Dan McMahon - Head of Investor Relations Jason Breaux - Chief Executive Officer Henry Chung - President Gerhard Lombard - Chief Financial Officer Conference Call Participants Robert Dodd - Raymond James Paul Johnson - KBW Finian O'Shea - Wells Fargo Derek Hewett - Bank of America Operator Good day, everyone and welcome to the Q2 2024 Crescent Capital BDC Earnings Conference Call. At this time, all participants are in a listen-only mode.

Crescent Capital BDC, Inc. (CCAP) Q2 2024 Earnings Call Transcript

Debunking 2 Common Myths About BDC Dividend Investing

Business Development Companies or BDCs offer great financial characteristics for high income seeking investors. Lately, there has been a lot of chatter around BDCs struggling and experiencing negative results due to the weakening economy and lower interest rates. While this could be true for selected BDCs, it is a myth that the entire BDC sector will experience such consequences in a systematic manner.

Debunking 2 Common Myths About BDC Dividend Investing

Zacks Investment Research

Crescent Capital BDC (CCAP) Q2 Earnings and Revenues Top Estimates

Crescent Capital BDC (CCAP) came out with quarterly earnings of $0.59 per share, beating the Zacks Consensus Estimate of $0.58 per share. This compares to earnings of $0.56 per share a year ago.

Crescent Capital BDC (CCAP) Q2 Earnings and Revenues Top Estimates

Crescent Capital BDC, Inc. Reports Second Quarter 2024 Earnings Results; Declares a Third Quarter Base Dividend of $0.42 Per Share, and a Second Quarter Supplemental Dividend of $0.09 Per Share

LOS ANGELES, Aug. 12, 2024 (GLOBE NEWSWIRE) -- Crescent Capital BDC, Inc. (“Crescent BDC” or “Company”) (NASDAQ: CCAP) today reported net investment income of $0.59 per share and net income of $0.55 per share for the quarter ended June 30, 2024. Net asset value per share increased to $20.30 compared to $20.28 as of March 31, 2024.

Crescent Capital BDC, Inc. Reports Second Quarter 2024 Earnings Results; Declares a Third Quarter Base Dividend of $0.42 Per Share, and a Second Quarter Supplemental Dividend of $0.09 Per Share

Crescent Capital: Solid BDC With Strong Dividend Coverage

Crescent Capital BDC offers a high dividend yield of 8.9% with a focus on stability and income for investors. CCAP's portfolio consists of floating rate debt with a majority of investments on a first lien basis, providing protection in case of defaults. Despite potential interest rate cuts, CCAP's strong financial performance and distribution coverage make it a buy for income-focused investors.

Crescent Capital: Solid BDC With Strong Dividend Coverage

I'm Buying Up To 11% Yield For Recurring Income

Buying and selling stocks involves emotions and hopes for the future, making it a complex decision-making process. That's why a buy-and-hold strategy may work better, especially when it comes to dividend stocks that pay you for holding them. Income stocks like CCAP and CNQ offer potentially strong long-term total return potential, allowing investors to capitalize on undervalued opportunities while receiving recurring income.

I'm Buying Up To 11% Yield For Recurring Income

Crescent Capital BDC, Inc. Schedules Earnings Release and Conference Call to Discuss its Second Quarter Ended June 30, 2024 Financial Results

LOS ANGELES, July 18, 2024 (GLOBE NEWSWIRE) -- Crescent Capital BDC, Inc. (“Crescent BDC”) (NASDAQ: CCAP) today announced it will release its financial results for the second quarter ended June 30, 2024 on Monday, August 12, 2024 after market close. Crescent BDC invites all interested persons to attend its webcast/conference call on Tuesday, August 13, 2024 at 12:00 p.m. Eastern Time to discuss its second quarter ended June 30, 2024 financial results.

Crescent Capital BDC, Inc. Schedules Earnings Release and Conference Call to Discuss its Second Quarter Ended June 30, 2024 Financial Results

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