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Crescent Capital BDC, Inc.
CCAPFinancial ServicesNASDAQUS
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LOS ANGELES & NEW YORK & BOSTON & CHICAGO--(BUSINESS WIRE)--Crescent Capital Group LP (“Crescent”), one of the leading alternative credit investment firms, announced today the successful final close of its fourth U.S. direct lending fund, Crescent Direct Lending Fund IV (“CDL Fund IV”), raising $10.8 billion in investable capital, including targeted leverage and separately managed accounts investing alongside the fund. CDL Fund IV represents the latest vintage in Crescent's lower middle market.
There is a principle I have followed for 30 years in this business. When the smartest credit team on the planet starts aggressively buying a beaten-down asset class they understand better than anyone alive, you do not sit on your hands and debate whether the timing is perfect.
Crescent Capital BDC trades near a 52-week low, offering a 13% yield and a deep 0.61x price-to-book discount. CCAP's first-lien-heavy, diversified portfolio and recent management fee reductions support strong NII-to-dividend coverage at 113.5%. Nonaccruals rose to 3.6% of portfolio value, mainly in healthcare, but management actively manages these with meaningful control.
Crescent Capital BDC, Inc. (CCAP) Q1 2026 Earnings Call Transcript
Crescent Capital BDC NASDAQ: CCAP reported a more difficult first quarter as higher non-accruals, lower base rates and broader credit-market volatility weighed on earnings and net asset value, prompting management to lower fees and reset the company's base dividend.
Crescent Capital BDC (CCAP) came out with quarterly earnings of $0.42 per share, beating the Zacks Consensus Estimate of $0.41 per share. This compares to earnings of $0.45 per share a year ago.
LOS ANGELES, May 13, 2026 (GLOBE NEWSWIRE) -- Crescent Capital BDC, Inc. (“Crescent BDC” or the “Company”) (NASDAQ: CCAP) today reported net investment income of $0.42 per share and net income of ($0.42) per share for the quarter ended March 31, 2026. Net asset value (NAV) per share was $18.27 at March 31, 2026. Subsequent to quarter end, the Company reduced its fee structure, lowering its base management fee from 1.25% to 1.00% and its incentive fee from 17.5% to 15.0%, effective April 1, 2026, further aligning interests with shareholders and supporting the durability of its earnings profile.
LOS ANGELES, April 27, 2026 (GLOBE NEWSWIRE) -- Crescent Capital BDC, Inc. (“Crescent BDC”) (NASDAQ: CCAP) today announced it will release its financial results for the first quarter ended March 31, 2026 on Wednesday, May 13, 2026 after market close. Crescent BDC invites all interested persons to attend its webcast/conference call on Thursday, May 14, 2026 at 12:00 p.m. Eastern Time to discuss its first quarter ended March 31, 2026 financial results.
Declining interest rates are likely to weigh on loan yields, while demand for personalized financing is expected to rise. The Zacks SBIC & Commercial Finance industry players like MAIN and CCAP are worth investing in.
Crescent Capital BDC is downgraded to a sell due to persistent NAV declines, rising non-accruals, and weakening dividend coverage. Despite trading at a 35% discount to NAV and offering a 14.4% yield, CCAP's valuation reflects sector headwinds and limited growth opportunities. Net investment income and portfolio value have both declined year-over-year, with new investment activity sharply reduced amid high-interest rates.
Currently, BDCs provide very high-yield opportunities. The fact that additional interest rate cuts are unlikely to happen this year should theoretically support the existing levels. Yet for most BDCs, the damage has already been done.
Adams Asset Advisors LLC raised its stake in shares of Crescent Capital BDC, Inc. (NASDAQ: CCAP) by 352.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 79,828 shares of the company's stock after acquiring an additional 62,189 shares
I see recent credit risk repricing as excessively aggressive and overblown, creating potential opportunity. Market reactions often swing violently when sentiment shifts, lacking balanced or rational repricing. Current drawdowns are being fueled by any available argument, logical or not, amplifying volatility.
Crescent Capital BDC, Inc. (NASDAQ: CCAP - Get Free Report) has earned a consensus recommendation of "Moderate Buy" from the six ratings firms that are currently covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold recommendation, three have given a buy recommendation and one has given a strong buy
Crescent Capital BDC and VICI Properties offer a barbell approach to income investing across interest rate cycles. CCAP provides a 13.1% yield, trades at a 33% discount to NAV, and maintains a conservative, first-lien, floating-rate loan portfolio. VICI delivers a 6.3% yield, robust AFFO growth, and long-term revenue stability via triple-net leases on premier gaming and experiential properties.
After losing some value lately, a hammer chart pattern has been formed for Crescent Capital BDC (CCAP), indicating that the stock has found support. This, combined with an upward trend in earnings estimate revisions, could lead to a trend reversal for the stock in the near term.
