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Crescent Capital BDC, Inc. - CCAP STOCK NEWS

Welcome to our dedicated page for Crescent Capital BDC news (Ticker: CCAP), a resource for investors and traders seeking the latest updates and insights on Crescent Capital BDC stock.

Crescent Capital BDC, Inc. (NASDAQ: CCAP) is an externally managed, closed-end, non-diversified management investment company. Its primary goal is to maximize total return for stockholders through a mix of current income and capital appreciation. Crescent Capital BDC achieves this by investing in both secured and unsecured debt along with related equity securities, primarily in private U.S. middle-market companies. The company's portfolio includes senior secured, unitranche, second lien, mezzanine, and subordinated debt.

As of December 31, 2023, Crescent Capital BDC had investments in 186 portfolio companies, with an aggregate fair value of $1,582.1 million. The company's debt to equity ratio was 1.15x, indicating a balanced financial approach. It had $21.5 million in cash and cash equivalents and $314.5 million in undrawn credit capacity.

Recent financial updates highlight the company's proactive investment strategies. As of June 30, 2023, Crescent Capital BDC's weighted average interest rate on outstanding debt was 6.73%. Additionally, the company engages in unitranche loans, where it may retain a 'last out' portion for a higher interest rate in exchange for added risk.

For the latest quarterly earnings, Crescent Capital BDC offers replays of their earnings calls via webcast links on their Investor Relations section. These calls provide insights into their investment activities and financial conditions. The company's strategic partnerships and investment approaches position it as a significant player in the middle-market investment landscape.

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Crescent Capital BDC, Inc. (NASDAQ: CCAP) has announced its schedule for releasing financial results for the third quarter ended September 30, 2024. The company will disclose its financial results on Monday, November 11, 2024 after market close. Following this, Crescent BDC will host a webcast/conference call on Tuesday, November 12, 2024 at 12:00 p.m. Eastern Time to discuss the Q3 2024 financial results.

Interested parties can access the conference call through the Investor Relations section of Crescent BDC's website at www.crescentbdc.com or by dialing the toll-free number (800) 245-3047. Callers should use the Conference ID "CRESCENT" when connected with the operator. A replay of the earnings call will be available via a webcast link on the company's Investor Relations webpage.

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Crescent Capital BDC (NASDAQ: CCAP) reported its Q2 2024 earnings, with net investment income of $0.59 per share and net income of $0.55 per share. The company's net asset value per share increased to $20.30 from $20.28 in the previous quarter. The Board declared a Q3 2024 regular cash dividend of $0.42 per share and a Q2 2024 supplemental cash dividend of $0.09 per share. As of June 30, 2024, CCAP had investments in 183 portfolio companies with an aggregate fair value of $1,610.8 million. The company's debt to equity ratio was 1.18x, and it had $36.1 million in cash and cash equivalents and $293.8 million of undrawn capacity on its credit facilities.

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Crescent Capital BDC (NASDAQ: CCAP) has announced the schedule for its Q2 2024 earnings release and conference call. The company will release its financial results for the quarter ended June 30, 2024, on Monday, August 12, 2024, after market close. A webcast/conference call will be held on Tuesday, August 13, 2024, at 12:00 p.m. Eastern Time to discuss these results.

Interested parties can access the conference call by dialing the toll-free number (800) 267-6316 and using the Conference ID 'CRESCENT'. The call will also be broadcast live on the Investor Relations section of Crescent BDC's website. A replay of the earnings call will be available via a webcast link on the company's website.

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Crescent Capital BDC (NASDAQ: CCAP) announced it will host an Analyst & Investor Day on June 11, 2024, starting at 6:00 p.m. Eastern Time. The event will be accessible via a live video stream through the company's Investor Relations website. Crescent's leadership team will provide insights into the company's performance and investment strategies. The presentation will also be available for replay on the same site.

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Crescent Capital BDC, Inc. reported strong financial performance for the first quarter of 2024, with net investment income per share of $0.63 and NAV per share of $20.28. The company also increased its quarterly dividend to $0.42 per share. Investments, total assets, and net asset value all showed positive trends. The company's portfolio remained diversified across various asset types. The quarter saw new investments and exits, with an increase in investment income. Liquidity and capital resources remained healthy, with a good debt to equity ratio. Overall, Crescent BDC demonstrated stability and growth in its financial operations.

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Crescent Capital BDC, Inc. announced the release of its financial results for the first quarter ended March 31, 2024, scheduled for May 8, 2024. A conference call is set for May 9, 2024, to discuss the results. The call will be broadcast live on the company's website and can be accessed via phone as well.
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Crescent Capital BDC, Inc. reported net investment income of $2.30 per share and net income of $2.33 per share for the year ended December 31, 2023. The Company's Board declared a first quarter 2024 regular cash dividend of $0.41 per share and a fourth quarter 2023 supplemental cash dividend of $0.10 per share. Net asset value per share increased to $20.04 at December 31, 2023. Investments at fair value totaled $1,582.1 million. The Company invested $200.7 million across 15 new portfolio companies in 2023.
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Crescent Capital BDC, Inc. (NASDAQ: CCAP) will release its financial results for the fourth quarter and fiscal year ended December 31, 2023 on February 21, 2024, followed by a webcast/conference call on February 22, 2024. The conference call will be broadcast live on the Investor Relations section of Crescent BDC’s website. Participants can also access the call by dialing a toll-free number. A replay of the earnings call will be available via a webcast link on the company's website.
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Crescent Capital BDC, Inc. (NASDAQ: CCAP) reported net investment income of $21.7 million, or $0.59 per share, for Q3 2023. The Board declared a $0.41 per share dividend for Q4 2023 and a $0.09 per share dividend for Q3 2023. The net asset value per share was $19.70 at September 30, 2023.
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Crescent Capital BDC, Inc. to release Q3 2023 financial results on November 8, 2023.
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FAQ

What is the current stock price of Crescent Capital BDC (CCAP)?

The current stock price of Crescent Capital BDC (CCAP) is $18.29 as of November 8, 2024.

What is the market cap of Crescent Capital BDC (CCAP)?

The market cap of Crescent Capital BDC (CCAP) is approximately 678.1M.

What is Crescent Capital BDC, Inc.'s primary investment strategy?

Crescent Capital BDC primarily invests in secured and unsecured debt, along with related equity securities of private U.S. middle-market companies.

How does Crescent Capital BDC achieve its investment objectives?

The company aims to maximize total return through current income and capital appreciation by investing in a variety of debt instruments and equity securities.

What is the current financial condition of Crescent Capital BDC?

As of December 31, 2023, the company had investments worth $1,582.1 million and a debt to equity ratio of 1.15x.

What types of debt does Crescent Capital BDC invest in?

The company invests in senior secured, unitranche, second lien, mezzanine, and subordinated debt.

How does Crescent Capital BDC manage risk in its unitranche loans?

In unitranche loans, Crescent Capital BDC may retain the 'last out' portion, which earns a higher interest rate in exchange for greater risk.

What is the significance of the company's debt to equity ratio?

A debt to equity ratio of 1.15x indicates that Crescent Capital BDC maintains a balanced financial approach, leveraging debt to enhance returns while managing risk.

Where can I find replays of Crescent Capital BDC's earnings calls?

Replays of earnings calls are available on the Investor Relations section of Crescent Capital BDC's website.

What was the weighted average interest rate on Crescent Capital BDC’s debt as of June 30, 2023?

The weighted average interest rate was 6.73% as of June 30, 2023.

How much undrawn credit capacity does Crescent Capital BDC have?

As of the latest update, the company had $314.5 million in undrawn credit capacity.

What is the role of Crescent Capital Group in relation to Crescent Capital BDC?

Crescent Capital Group externally manages Crescent Capital BDC, providing investment advisory and administrative services.

Crescent Capital BDC, Inc.

Nasdaq:CCAP

CCAP Rankings

CCAP Stock Data

678.13M
37.06M
12.5%
48.55%
0.41%
Asset Management
Financial Services
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United States of America
LOS ANGELES