Crescent Capital BDCCCAP
CCAP
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 6,809 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
577% more call options, than puts
Call options by funds: $623K | Put options by funds: $92K
40% more repeat investments, than reductions
Existing positions increased: 28 | Existing positions reduced: 20
0.27% more ownership
Funds ownership: 46.87% [Q2] → 47.15% (+0.27%) [Q3]
0% more funds holding in top 10
Funds holding in top 10: 3 [Q2] → 3 (+0) [Q3]
2% less capital invested
Capital invested by funds: $326M [Q2] → $320M (-$5.82M) [Q3]
2% less funds holding
Funds holding: 84 [Q2] → 82 (-2) [Q3]
12% less first-time investments, than exits
New positions opened: 15 | Existing positions closed: 17
Research analyst outlook
2 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$20
2%
upside
Avg. target
$20
2%
upside
High target
$20
2%
upside
2 analyst ratings
2 positive
100%
0 neutral
0%
0 negative
0%
Keefe, Bruyette & Woods Ryan Lynch 100% 1-year accuracy 2 / 2 met price target | 2%upside $20 | Outperform Maintained | 25 Nov 2024 |
Ladenburg Thalmann Mickey Schleien 100% 1-year accuracy 2 / 2 met price target | 2%upside $20 | Buy Initiated | 30 Sept 2024 |
Financial journalist opinion
Positive
Seeking Alpha
2 days ago
Crescent Capital's Outstanding Dividend Coverage Makes It A Buy
CCAP is a defensive BDC with a 90% concentration on first-lien debt, ensuring high repayment priority during potential litigation processes. The portfolio focuses on non-cyclical businesses (85%), providing safety and predictability of cash flows, and the median EBITDA of its portfolio companies amounts to $27m. CCAP offers substantial distributions, including a $0.42 quarterly dividend per share and additional supplemental distributions, making it an attractive income holding.
Positive
Seeking Alpha
2 weeks ago
I'm Buying Up To 9% Yield For Recurring Income
Inflation makes Crescent Capital and Crown Castle compelling income-generating investments with yields of 9% and 6%, respectively. Crescent Capital offers a diversified portfolio with a strong 1st lien loan focus, high dividend coverage, and potential for capital appreciation. Crown Castle benefits from growing data demand and AI trends, providing essential infrastructure with a solid balance sheet and attractive valuation.
Positive
Seeking Alpha
1 month ago
My 9.5% Income Portfolio CEFs And Classic Cars
Closed-end funds are special income vehicles, with many positive aspects and just as many weaknesses that take time to be properly understood and evaluated. I discovered their existence about ten years ago, and over time, I became convinced of their worth by developing a personal method of selection based mainly on NAV performance. This is an analytical, data-driven approach which I then extended to other types of securities in my portfolio, namely ETFs and BDCs.
Positive
Seeking Alpha
1 month ago
Crescent Capital: BDC Income And Promising Return With Small-Cap Exposures
The recent rally in small-cap stocks indicates strong market confidence toward 2025, also making Crescent Capital BDC a compelling income investment. CCAP should benefit from a pro-small business tax policy and a favorable market environment, offering a 9.7% dividend yield for income seekers. Comparing CCAP with RVT shows similar total returns, with CCAP outperforming since inception, suggesting CCAP's strong performance in a rate-cut cycle.
Neutral
Seeking Alpha
1 month ago
Crescent Capital BDC, Inc. (CCAP) Q3 2024 Earnings Call Transcript
Crescent Capital BDC, Inc. (NASDAQ:CCAP ) Q3 2024 Earnings Conference Call November 12, 2024 12:00 PM ET Company Participants Dan McMahon - Head, 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 Operator Good day, everyone. And welcome to the Third Quarter 2024 Crescent Capital BDC, Inc. Earnings Conference Call.
Positive
Zacks Investment Research
1 month ago
Crescent Capital BDC (CCAP) Beats Q3 Earnings and Revenue Estimates
Crescent Capital BDC (CCAP) came out with quarterly earnings of $0.64 per share, beating the Zacks Consensus Estimate of $0.57 per share. This compares to earnings of $0.59 per share a year ago.
Neutral
GlobeNewsWire
1 month ago
Crescent Capital BDC, Inc. Reports Third Quarter 2024 Earnings Results; Declares a Fourth Quarter Base Dividend of $0.42 Per Share, and a Third Quarter Supplemental Dividend of $0.07 Per Share
LOS ANGELES, Nov. 12, 2024 (GLOBE NEWSWIRE) -- Crescent Capital BDC, Inc. (“Crescent BDC” or “Company”) (NASDAQ: CCAP) today reported net investment income of $0.64 per share and net income of $0.41 per share for the quarter ended September 30, 2024. Reported net asset value per share was $20.20 as of September 30, 2024.
Positive
Seeking Alpha
2 months ago
Crescent Capital: Buy This 9%-Yielding Cash Cow While It's Undervalued
Crescent Capital BDC offers a compelling 9% regular yield and 11% total yield, supported by a diversified portfolio and strong earnings coverage. CCAP's portfolio quality is robust, with a low non-accrual rate and a strong balance sheet. CCAP trades at a material discount to book value and to its larger peers, making it an attractive high-yielding choice for income and value.
Neutral
GlobeNewsWire
2 months ago
Crescent Capital BDC, Inc. Schedules Earnings Release and Conference Call to Discuss its Third Quarter Ended September 30, 2024 Financial Results
LOS ANGELES, Oct. 18, 2024 (GLOBE NEWSWIRE) -- Crescent Capital BDC, Inc. (“Crescent BDC”) (NASDAQ: CCAP) today announced it will release its financial results for the third quarter ended September 30, 2024 on Monday, November 11, 2024 after market close. Crescent BDC invites all interested persons to attend its webcast/conference call on Tuesday, November 12, 2024 at 12:00 p.m. Eastern Time to discuss its third quarter ended September 30, 2024 financial results.
Neutral
Seeking Alpha
2 months ago
My 9.5% Income Portfolio-Fifty Shades Of Blue
My portfolio includes CEFs, ETFs, a few BDCs and an ETN, for whose selection I have developed over the years a criterion based mainly on NAV performance. In this article, however, I decided to focus on the price of each security in my portfolio, comparing it with the lows and highs touched throughout its history. An overview of the path each one has taken from launch to current market quotation with a personal assessment of the possible room for maneuver from those values.
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