Crescent Capital: Q4 Earning And Price Divergence Make This A Buy Now [Seeking Alpha]
Crescent Capital BDC, Inc. (CCAP)
Last crescent capital bdc, inc. earnings: 3/4 05:01 pm
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Source: Seeking Alpha
At the same time, the BDC has maintained positive momentum in generating cash and has seen growth in NII despite challenging market conditions. It has also improved its leverage, carrying a favorable debt maturity profile, which allows it to benefit from below market level interest rates. In this article, I elaborate in more detail on the key underlying drivers behind my buy thesis (i.e., why I am upgrading the rating). Right before we entered 2024, I issued a relatively bearish article on Crescent Capital BDC ( NASDAQ: CCAP ) despite the favorable tailwinds for BDCs across the board (e.g., high SOFR, low corporate default levels, decent outlook on the investment activity). Theoretically, CCAP embodied all of the necessary characteristics for me to assign a bullish rating. The main positives were (and still are) the following: Well-diversified portfolio at single company level. Investments in durable and cash generating business (i.e., no focus on the VC-type of companies
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CCAP
News
- Crescent Capital BDC, Inc. Schedules Earnings Release and Conference Call to Discuss its First Quarter Ended March 31, 2024 Financial ResultsGlobeNewswire
- Crescent Capital BDC (CCAP) Stock Moves -1.05%: What You Should Know [Yahoo! Finance]Yahoo! Finance
- Crescent Capital BDC (CCAP) Increases Yet Falls Behind Market: What Investors Need to Know [Yahoo! Finance]Yahoo! Finance
- Here's Why Crescent Capital BDC (CCAP) Fell More Than Broader Market [Yahoo! Finance]Yahoo! Finance
- Is Crescent Capital BDC (CCAP) a Buy as Wall Street Analysts Look Optimistic? [Yahoo! Finance]Yahoo! Finance
CCAP
Earnings
- 2/21/24 - Beat
CCAP
Sec Filings
- 4/10/24 - Form SC
- 3/26/24 - Form DEFA14A
- 3/26/24 - Form DEF
- CCAP's page on the SEC website