Latest news with #CrescentCapitalBDC
San Francisco Chronicle
4 days ago
- Business
- San Francisco Chronicle
Crescent Capital BDC: Q2 Earnings Snapshot
LOS ANGELES (AP) — LOS ANGELES (AP) — Crescent Capital BDC, Inc. (CCAP) on Wednesday reported second-quarter earnings of $15 million. On a per-share basis, the Los Angeles-based company said it had profit of 41 cents. Earnings, adjusted for investment costs, came to 46 cents per share. The results met Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was also for earnings of 46 cents per share. The company posted revenue of $43 million in the period. _____
Yahoo
26-07-2025
- Business
- Yahoo
Crescent Capital (CCAP) Announces $0.05 Special Dividend Payable in June 2025
Crescent Capital BDC, Inc. (NASDAQ:CCAP) is included among the 14 Stocks that Paid Special Dividends in 2025. A close-up of a hand signing a contract, symbolizing deals being made in private equity and buyouts. In February, Crescent Capital BDC, Inc. (NASDAQ:CCAP) announced a regular first-quarter 2025 dividend of $0.42 per share, along with three special cash dividends of $0.05 per share each, scheduled for distribution in March, June, and September 2025. However, no supplemental dividend was declared for the fourth quarter due to constraints related to measurement test limits. Crescent Capital BDC, Inc. (NASDAQ:CCAP) closed the year with a diversified portfolio valued at $1.6 billion, spread across 185 companies. The firm kept 90% of its investments in first-lien loans. Non-accruals remained low, accounting for just 0.9% of total debt investments at fair value, below the industry average. Crescent Capital BDC, Inc. (NASDAQ:CCAP) currently offers a quarterly dividend of $0.42 per share and has an attractive dividend yield of 12.27%, as of July 23. It is a specialty finance firm that provides loans to middle-market businesses. Its main goal is to deliver strong overall returns to shareholders by generating steady income and potential capital gains through a mix of debt and related equity investments. While we acknowledge the potential of CCAP as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: and Disclosure: None.
Business Insider
01-06-2025
- 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. _____
