CCAP Stock Recent News

In the closing of the recent trading day, Crescent Capital BDC (CCAP) stood at $16.27, denoting a +0.93% change from the preceding trading day.

The latest trading day saw Crescent Capital BDC (CCAP) settling at $16.12, representing a -0.31% change from its previous close.

LOS ANGELES, Jan. 23, 2024 (GLOBE NEWSWIRE) -- Crescent Capital BDC, Inc. (“Crescent BDC”) (NASDAQ: CCAP) today announced it will release its financial results for the fourth quarter and fiscal year ended December 31, 2023 on Wednesday, February 21, 2024 after market close. Crescent BDC invites all interested persons to attend its webcast/conference call on Thursday, February 22, 2024 at 12:00 p.m. Eastern Time to discuss its fourth quarter and fiscal year ended December 31, 2023 financial results.

In the closing of the recent trading day, Crescent Capital BDC (CCAP) stood at $16.54, denoting a -0.72% change from the preceding trading day.

Crescent Capital BDC (CCAP) closed at $16.99 in the latest trading session, marking a +0.41% move from the prior day.

Crescent Capital BDC's growth potential may be hindered by headwinds in the BDC sector due to interest rates. The merger with First Eagle Alternative Capital BDC emphasized the floating-rate focus, which is less advantageous in a falling-rate environment. The central bank's plan to lower short-term interest rates in 2024 could impact Crescent Capital's ability to achieve positive net investment income growth.

Crescent Capital is a mid-sized BDC focused on private credit financing for small and medium-sized enterprises, which are mostly located in the US. While CCAP could be deemed a rather conventional BDC with a sound structure, there are several areas of concern embedded in the portfolio, which make this vehicle suboptimal. In this article, I elaborate on these risk zones and lay out my thinking on why I would skip going long CCAP.

Embarking on the thrilling expedition of stock investment often leads investors down well-trodden paths, pursuing the giants that dominate headlines. However, the true adventure lies in unearthing the hidden-gem stocks waiting to surge into the limelight.

Crescent Capital is a high-yield, quality investment option for income investors. CCAP has a well-diversified portfolio with investments in various industries and diversification outside of the U.S. The company has a conservative dividend policy and a strong balance sheet, making it resilient in the face of economic downturns.

In the latest trading session, Crescent Capital BDC (CCAP) closed at $15.55, marking a -0.51% move from the previous day.