Profile
Sector:
Financial ServicesIndustry:
Asset ManagementCountry:
United StatesIPO:
03 February 2020Website:
http://www.crescentbdc.comNext earnings report:
21 February 2025Last dividends:
30 September 2024Next dividends:
31 December 2024Price
after hours | Tue, 19 Nov 2024 21:00:11 GMTAnalysts recommendations
Institutional Ownership
CCAP Latest News
Crescent Capital's strong dividend coverage and NAV growth indicate a resilient portfolio. The current dividend yield is 9.7% and is well supported by earnings. The portfolio, valued at $1.6B, is concentrated in health care and software, with 97% of debt investments on a floating rate basis. The rate of non-accruals still remains low, showing portfolio company resilience. This highlights CCAP's high-quality underwriting and financial health.
Crescent Capital BDC (CCAP) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
Income investors should consider Crescent Capital BDC and Fidus Investment for their portfolios, as both trade below Net Asset Values and offer growth potential. CCAP, despite a short track record, shows strong investment activity, solid balance sheet, and consistent dividend payouts, making it a defensively positioned growth opportunity. FDUS has a longer track record, impressive dividend growth, and a solid balance sheet with a lower leverage ratio, offering stability and income reliability.
An investor's cash flow should be measured alongside net worth as a measure of financial resiliency. Crescent Capital offers an 8.9% yield, focusing on first-lien loans in cash flow-generating, private equity-backed middle-market businesses, with a robust portfolio and strong financials. Federal Realty, a top-tier REIT, provides a 3.9% yield, high-quality mixed-use properties in affluent areas, and a 57-year streak of dividend increases.
Crescent Capital BDC has a well-diversified, defensive portfolio with 89.2% first-lien debt and decreasing non-accruals, indicating high portfolio quality. CCAP is sensitive to interest rate cuts due to its floating-rate debt investments, but lower interest expenses and increased market activity could somewhat offset this. Despite potential interest rate cuts, CCAP's dividends remain well-covered, with a strong net investment income per share providing robust dividend coverage.
Let's talk about a “rich guy loophole” that you and I can take advantage of—and bank dividends up to 12.5%.
Recently, Crescent Capital has outperformed the BDC market delivering positive returns, while the index has dropped in the negative return territory. Q2, 2024 earnings deck helps explain this, where we can see a continued generation of robust cash flows, solid portfolio quality and improved transaction outlook. In this article, I dissect the Q2 earnings and explain in detail why I have remained bullish.
Crescent Capital BDC (CCAP) came out with quarterly earnings of $0.59 per share, beating the Zacks Consensus Estimate of $0.58 per share. This compares to earnings of $0.56 per share a year ago.
Buying and selling stocks involves emotions and hopes for the future, making it a complex decision-making process. That's why a buy-and-hold strategy may work better, especially when it comes to dividend stocks that pay you for holding them. Income stocks like CCAP and CNQ offer potentially strong long-term total return potential, allowing investors to capitalize on undervalued opportunities while receiving recurring income.
Crescent Capital BDC, Inc. is a well-managed business development company with a floating-rate focus and solid dividend metrics. The company pays growing supplemental dividends and has a low pay-out ratio, but may face challenges in a lower-rate environment. Crescent Capital is trading at a 4% discount to book value, but may disappoint investors due to its aggressive floating-rate posture and potential impact of rate cuts.
What type of business is Crescent Capital BDC?
Crescent Capital BDC, Inc. is as a business development company private equity / buyouts and loan fund. It specializes in directly investing. It specializes in middle market. The fund seeks to invest in United States.
What sector is Crescent Capital BDC in?
Crescent Capital BDC is in the Financial Services sector
What industry is Crescent Capital BDC in?
Crescent Capital BDC is in the Asset Management industry
What country is Crescent Capital BDC from?
Crescent Capital BDC is headquartered in United States
When did Crescent Capital BDC go public?
Crescent Capital BDC initial public offering (IPO) was on 03 February 2020
What is Crescent Capital BDC website?
https://www.crescentbdc.com
Is Crescent Capital BDC in the S&P 500?
No, Crescent Capital BDC is not included in the S&P 500 index
Is Crescent Capital BDC in the NASDAQ 100?
No, Crescent Capital BDC is not included in the NASDAQ 100 index
Is Crescent Capital BDC in the Dow Jones?
No, Crescent Capital BDC is not included in the Dow Jones index
When was Crescent Capital BDC the previous earnings report?
No data
When does Crescent Capital BDC earnings report?
The next expected earnings date for Crescent Capital BDC is 21 February 2025