Latest news with #CrescentCapitalBDC
Business Insider
7 days ago
- Business
- Business Insider
Bank of America Securities Reaffirms Their Buy Rating on Crescent Capital BDC (CCAP)
In a report released on May 30, Derek Hewett from Bank of America Securities reiterated a Buy rating on Crescent Capital BDC (CCAP – Research Report), with a price target of $17.00. Confident Investing Starts Here: According to TipRanks, Hewett is a 4-star analyst with an average return of 6.9% and a 64.85% success rate. Hewett covers the Real Estate sector, focusing on stocks such as AGNC Investment, Apollo Real Estate, and Safehold. In addition to Bank of America Securities, Crescent Capital BDC also received a Buy from Raymond James's Robert Dodd in a report issued on May 16. However, on the same day, Wells Fargo maintained a Hold rating on Crescent Capital BDC (NASDAQ: CCAP). Based on Crescent Capital BDC's latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $42.13 million and a net profit of $16.62 million. In comparison, last year the company earned a revenue of $50.2 million and had a net profit of $28.01 million
San Francisco Chronicle
14-05-2025
- Business
- San Francisco Chronicle
Crescent Capital BDC: Q1 Earnings Snapshot
LOS ANGELES (AP) — LOS ANGELES (AP) — Crescent Capital BDC, Inc. (CCAP) on Wednesday reported first-quarter profit of $3.9 million. On a per-share basis, the Los Angeles-based company said it had net income of 11 cents. Earnings, adjusted for investment costs, were 45 cents per share. The results did not meet Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 52 cents per share. The company posted revenue of $42.1 million in the period. Crescent Capital BDC shares have decreased 13% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $16.66, a decrease of 8% in the last 12 months. _____
