Overview

* Crescent Capital BDC ( CCAP ) Q2 net investment income at $0.46/share, net income $0.41/share

* Net asset value per share declined to $19.55 from $19.62 in prior qtr

* Co authorizes $20 mln stock repurchase program below NAV

Result Drivers

* INVESTMENT INCOME - Increase in investment income to $43.0 mln, driven by higher dividend income from Logan JV

* PORTFOLIO ACTIVITY - Invested $57.5 mln in new companies and had $92.7 mln in exits, sales, and repayments

* DIVIDEND INCREASE - Dividend income rose to $1.8 mln from $1.5 mln in the previous qtr

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 EPS $0.46

Q2 $1.60

Investme bln

nts Fair

Value

Q2 Net $19.55

Asset

Value

Per

Share

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the closed end funds peer group is "buy"

* Wall Street's median 12-month price target for Crescent Capital BDC Inc ( CCAP ) is $17.00, about 14.1% above its August 12 closing price of $14.60

* The stock recently traded at 8 times the next 12-month earnings vs. a P/E of 8 three months ago

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)