With over 0.11 million Crescent Capital BDC Inc. (CCAP) shares trading Tuesday and a closing price of $14.66 on the day, the dollar volume was approximately $1.59 million. The shares have shown a negative half year performance of -9.36% and its price on 01/24/23 gained nearly 1.66%. Currently, there are 30.89M common shares owned by the public and among those 30.31M shares have been available to trade.
An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 3 analysts who have offered their price forecasts for CCAP have a consensus price objective of $17.67. The analysts have set the share’s price value over the next 12 months at a high of $19.00 and a low of $16.00. The average price target is 17.03% above its recent price level and an upside to the estimated low will see the stock gain 8.38% over that period. But an upside of 22.84% will see the stock hit the forecast high price target while median target price for the stock is $18.00.
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Insiders at the company have transacted a total of 16 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 15 of these insider trades were purchases, accounting for 44,294 shares. Insider sales of the common stock occurred on 1 occasions, with total insider shares sold totaling 7,071 shares.
The top 3 mutual fund holders in Crescent Capital BDC Inc. are iShares II Plc – Listed Private E, High Income Securities Fund, and Special Opportunities Fund, Inc. iShares II Plc – Listed Private E owns 0.26 million shares of the company’s stock, all valued at over $3.26 million. Special Opportunities Fund, Inc. now owns shares totaling to 0.30% of the shares outstanding.
Shares of Crescent Capital BDC Inc. (NASDAQ: CCAP) opened at $14.54, up $0.12 from a prior closing price of $14.42. However, the script later moved the day high at 14.94, up 1.66%. The company’s stock has a 5-day price change of 1.52% and 14.35% over the past three months. CCAP shares are trading 14.71% year to date (YTD), with the 12-month market performance down to -17.26% lower. It has a 12-month low price of $12.55 and touched a high of $18.52 over the same period. CCAP has an average intraday trading volume of 79.18K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 7.23%, 7.25%, and -6.38% respectively.
Institutional ownership of Crescent Capital BDC Inc. (NASDAQ: CCAP) shares accounts for 54.17% of the company’s 30.89M shares outstanding. Mutual fund holders own –, while other institutional holders and individual stakeholders account for — and — respectively.
It has a market capitalization of $452.81M. The stock’s trailing 12-month PE ratio is 17.25, while the earnings-per-share (ttm) stands at $0.85. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.13% over the week and 2.41% over the month.
Analysts forecast that Crescent Capital BDC Inc. (CCAP) will achieve an EPS of $0.44 for the current quarter, $0.44 for the next quarter and $1.89 for 2023. The lowest estimate earnings-per-share for the quarter is $0.42 while analysts give the company a high EPS estimate of $0.46. Comparatively, EPS for the current quarter was $0.59 a year ago. Earnings per share for the fiscal year are expected to decrease by -11.60%, and 9.00% over the next financial year.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 3 brokerage firm advisors rate Crescent Capital BDC Inc. (CCAP) as a “Strong Buy” at a consensus score of 1.30. Specifically, 2 Wall Street analysts polled rate the stock as a buy, while 0 of the 3 advise that investors “hold,” and 0 rated it as a “Sell.”
Looking at the support for the CCAP, a number of firms have released research notes about the stock. Oppenheimer stated their Outperform rating for the stock in a research note on August 12, 2022, with the firm’s price target at $20-$19. Janney on their part issued Neutral rating on October 23, 2020.
