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.
Crescent Capital BDC reported Q3 2024 financial results with net investment income of $0.64 per share and net income of $0.41 per share. The company declared a Q4 base dividend of $0.42 per share and a Q3 supplemental dividend of $0.07 per share. As of September 30, 2024, the net asset value per share was $20.20, and total investments at fair value were $1.59 billion across 183 portfolio companies. Investment income increased to $51.6 million from $48.2 million year-over-year, primarily due to non-recurring income. The company maintained strong liquidity with $37.8 million in cash and $317.0 million in undrawn credit facility capacity.
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.
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.
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.
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.
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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