Keefe Bruyette Lowers CCAP Price Target to $15, Reaffirms Outperform Rating

Crescent Capital BDC, Inc. (NASDAQ:CCAP) is included among the 10 Best BDC Stocks to Buy Right Now.

Keefe Bruyette Lowers CCAP Price Target to $15, Reaffirms Outperform Rating

On April 16, Keefe Bruyette analyst Paul Johnson lowered the firm’s price recommendation on Crescent Capital BDC, Inc. (NASDAQ:CCAP) to $15 from $15.50. It reiterated an Outperform rating on the shares.

During the Q4 2025 earnings call, CEO Jason Breaux said net investment income came in at $0.45 per share, slightly below $0.46 in the prior quarter. He noted that earnings still covered the company’s quarterly dividend. He also announced a cash dividend of $0.42 per share for Q1 2026. Net asset value was $19.10 per share, down from $19.28 in the previous quarter. He said the decline was driven by unrealized losses in certain portfolio holdings, while adding that the broader portfolio remained in solid shape. Credit metrics stayed stable, sponsor support remained strong, and performance was in line with underwriting expectations.

Looking ahead, he said management and the Board were reviewing a range of strategic options to improve the company’s ability to generate consistent earnings and deliver returns across different market conditions. A more detailed update, along with any actions, is expected in May.

Crescent Capital BDC, Inc. (NASDAQ:CCAP) operates as a specialty finance company focused on lending to middle-market businesses. Its goal is to maximize total returns for shareholders through current income and capital appreciation, primarily through debt and related equity investments.

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