From MarketBeat:

Crescent Capital BDC, Inc. (NASDAQ:CCAP) experienced a significant drop in short interest during December, with 49,900 total shares, a 9.8% decrease from November. The stock traded at $17.38 on Monday with a trading volume of 112,300 shares. Analysts predict a 2.25 EPS for the current fiscal year.

The company reported a $0.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.56 by $0.03. Crescent Capital BDC also announced a quarterly dividend increase to $0.41 to be paid on January 16th.

Several institutional investors and hedge funds have recently modified their holdings of CCAP, with institutional investors owning 47.81% of the company’s stock.

Wells Fargo & Company lowered shares of Crescent Capital BDC from an “overweight” rating to an “equal weight” rating and cut their price target from $16.50 to $16.00 in a report on Monday, November 13th.

Crescent Capital BDC specializes in private equity/buyouts and loan funds in the middle market in the United States.

This was generated by narrative science technology and financial data from MarketBeat and reviewed by the editorial team before publication.

While currently rated as a “Moderate Buy,” top-rated analysts identified five other stocks as better buys.



Read more: Short Interest in Crescent Capital BDC, Inc. (NASDAQ:CCAP) Drops By 9.8%