Crescent Capital BDC (CCAP)
Provides adviser-managed capital solutions to middle-market companies.
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An externally managed BDC that lends to middle-market companies through capital solutions. Crescent Cap Advisors manages the listed investment vehicle, whose model depends on the adviser’s origination and investment process.
Structured as a business development company, the listed vehicle lends to middle-market companies and seeks current income and capital appreciation through capital solutions. It was formed in 2015 and trades on Nasdaq under CCAP.
Crescent Cap Advisors, a Crescent affiliate, manages the BDC. Crescent Capital BDC is the listed investment vehicle; Crescent is the external credit manager.
The model depends on the adviser’s origination capabilities and investment process. It also operates under the Investment Company Act of 1940 and elected regulated-investment-company tax treatment, which requires it to meet qualifying-asset, income, and diversification conditions.
Company facts
Target rangeAs of Sep 22, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Sep 10, 2026 | B of A Securities | Downgrade | ||
| Aug 17, 2026 | Keefe, Bruyette & Woods | Downgrade | ||
| Aug 17, 2026 | Piper Sandler | Target | Target: — | Target: $12 |
| Aug 12, 2026 | Wells Fargo | Reiterate | Rating: —Target: $12 | Target: $11 |
| May 15, 2026 | Wells Fargo | Reiterate | Rating: —Target: $15 | Target: $12 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $15.6M · Total debt $922.9M · Total assets $1.62B · Shareholders' equity $656.5M
- Revenue
- $20.4M
- Operating income
- $12.5M
- Net income
- −$3.2M
HistoryDividendAnnual yieldUpcoming
| Institutions | 68.95% | 25.41M shares | |
|---|---|---|---|
| 89 holders · as of Jun 30, 2026 | |||
| Insiders | 0.92% | 338.4K shares | |
| 6 holders · as of Aug 21, 2026 | |||
| Strategic holders | 21.40% | 7.89M shares | |
| 2 holders · as of Sep 9, 2026 | |||
| Other | 8.73% | 3.21M shares | |
| remainder | |||
36.85M company shares as of Sep 23, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
Texas County & District Retirement SystemInstitution | 13.57% | 5.00M | as of Jun 30, 2026 |
Blackstone ISG-I Advisors LLCStrategic | 11.41% | 4.21M | filed Aug 14, 2025 |
Fidelity National Financial, Inc.Institution | 11.41% | 4.21M | as of Jun 30, 2026 |
Blackstone Inc.Institution | 11.41% | 4.21M | as of Jun 30, 2026 |
Fidelity & Guaranty Life Insurance CoStrategic10 percent owner | 9.99% | 3.68M | filed Sep 9, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Sep 9, 2026 | Fidelity & Guaranty Life Insurance Co | 10 percent owner | −139,054 | $10.23 |
| Sep 8, 2026 | Fidelity & Guaranty Life Insurance Co | 10 percent owner | −126,436 | $10.33 |
| Sep 4, 2026 | Fidelity & Guaranty Life Insurance Co | 10 percent owner | −10,471 | $10.39 |
| Sep 3, 2026 | Fidelity & Guaranty Life Insurance Co | 10 percent owner | −5,011 | $10.34 |
| Sep 2, 2026 | Fidelity & Guaranty Life Insurance Co | 10 percent owner | −45,000 | $10.44 |
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Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Crescent Capital BDC | $9.69 | −0.72% | $359.6M | — | 6.9 | 3.2 | −15.5% |
| Ares Capital | $19.21 | −0.80% | $13.90B | 14.3 | 10.0 | 6.0 | +32.6% |
| Blue Owl Capital | $10.98 | −1.48% | $5.53B | 19.9 | 8.5 | 3.9 | −20.8% |
| FS KKR Capital | $11.22 | −0.80% | $3.17B | — | 7.2 | 3.3 | +11.5% |
| Golub Capital BDC | $12.46 | −0.60% | $3.26B | 22.8 | 9.7 | 4.6 | −14.2% |
| Sixth Street Specialty Lending | $18.17 | −0.98% | $1.74B | 19.3 | 10.2 | 5.1 | −13.0% |
| Median | 19.6 | 9.7 | 4.6 | −13.0% |