Crescent Capital BDC, Inc. (CCAP) Stock Analysis

Why this analysis is different

• A sector-relative MoonshotScore — five pillars (business quality, financial safety, valuation, growth durability, momentum) re-ranked nightly against the full universe of US-listed common stocks.
• An AI Council read across up to eight perspectives — value, macro, quantitative, and momentum lenses — that shows where they disagree instead of averaging the tension away.
• Figures come straight from FMP and Yahoo Finance filings data. The AI writes the narrative around the numbers — it never edits the numbers.

Crescent Capital BDC, Inc. (CCAP) Financial Services Profile

Crescent Capital BDC, Inc. operates as a business development company, focusing on direct investments in the middle market. Specializing in private equity/buyouts and loan funds within the United States, CCAP offers investors exposure to a diversified portfolio of debt and equity investments in privately held companies.

What Is the Investment Thesis for CCAP?

Crescent Capital BDC, Inc. presents a notable research candidate due to its focus on direct lending to middle-market companies, a segment often underserved by traditional lenders. With a dividend yield of 10.04% as of May 10, 2026, CCAP offers attractive income potential for investors seeking yield in a low-interest-rate environment. The company's experienced management team and affiliation with Crescent Capital Group LP provide a competitive advantage in sourcing and managing investments. A potential catalyst is the anticipated increase in demand for private credit as banks tighten lending standards, which could drive higher investment volumes and improved portfolio performance for CCAP. However, investors should be aware of the risks associated with investing in illiquid securities and the potential for credit losses in a challenging economic environment. The company's P/E ratio of 7.49 suggests a reasonable valuation relative to its earnings.

Based on FMP financials and quantitative analysis

CCAP Key Highlights

Market capitalization of $366M indicates a mid-sized BDC with potential for growth.

• P/E ratio of 7.49 suggests a reasonable valuation compared to peers in the asset management industry.
• Profit margin of 20.9% demonstrates solid profitability in its investment activities.
• Gross margin of 43.2% reflects efficient management of investment-related expenses.
• Dividend yield of 10.04% provides an attractive income stream for investors.

Who Are CCAP's Competitors?

CCAP is benchmarked below against 8 industry peers on price, market cap, and our AI MoonshotScore.

AI Score by Stock Expert AI · Price data: FMP / Yahoo Finance

What Are CCAP's Key Strengths?

Experienced management team with a proven track record.

• Strong relationships with private equity sponsors.
• Diversified investment portfolio across various industries.
• Attractive dividend yield for income-seeking investors.

What Are CCAP's Weaknesses?

Exposure to credit risk in middle-market lending.

• Reliance on external management by Crescent Cap Advisors, LLC.
• Limited liquidity of investments in private companies.
• Sensitivity to interest rate fluctuations.

What Could Drive CCAP Stock Higher?

Potential increase in demand for private credit due to tighter bank lending standards.

• Continued growth in the middle-market financing market.
• Strategic partnerships with other financial institutions.
• Diversification into new industries and geographies.

What Are the Key Risks for CCAP?

Financial-distress signal — its Altman Z-Score of 0.13 sits in the distress zone (elevated bankruptcy risk).

• Inconsistent delivery — missed Wall Street EPS estimates in 3 of the last 8 reported quarters.
• Insider selling — insiders were net sellers of roughly $4.4M recently.
• Economic downturn leading to increased credit losses.
• Increased competition from other BDCs and private credit funds.
• Changes in regulations affecting the BDC industry.
• Sensitivity to interest rate fluctuations.
• Illiquidity of investments in private companies.

What Are the Growth Opportunities for CCAP?

• Expansion of Direct Lending Activities: Crescent Capital BDC can expand its direct lending activities to capture a larger share of the middle-market financing market. The market for private credit is estimated to reach $1.4 trillion by 2028, offering significant growth potential. By leveraging its existing relationships with private equity sponsors and management teams, CCAP can source new investment opportunities and increase its portfolio size. Timeline: Ongoing.
• Strategic Partnerships: Forming strategic partnerships with other financial institutions and private equity firms can provide Crescent Capital BDC with access to a broader network of deal flow and expertise. Collaborating with partners can also enable CCAP to participate in larger transactions and diversify its investment portfolio. The market for strategic alliances in the financial services industry is expected to grow at a rate of 6% annually through 2027. Timeline: Upcoming, within the next 12-24 months.
• Diversification into New Industries: Diversifying its investment portfolio into new industries can reduce Crescent Capital BDC's exposure to sector-specific risks and enhance its long-term growth prospects. The company can target industries with strong growth potential, such as technology, healthcare, and renewable energy. The global market for renewable energy investments is projected to reach $2.15 trillion by 2027. Timeline: Ongoing.
• Geographic Expansion: Expanding its geographic footprint beyond the United States can provide Crescent Capital BDC with access to new investment opportunities and diversify its revenue streams. The company can target developed markets with stable economies and favorable regulatory environments, such as Europe and Canada. The global market for private credit is expected to grow at a rate of 8% annually through 2028, driven by increasing demand from international markets. Timeline: Potential, within the next 3-5 years.
• Increased Focus on Equity Investments: Increasing its focus on equity investments can enhance Crescent Capital BDC's potential for capital appreciation and generate higher returns over the long term. The company can target companies with strong growth potential and attractive valuations. The global market for private equity investments is projected to reach $8.24 trillion by 2028. Timeline: Ongoing.

What Are CCAP's Competitive Advantages?

• Established relationships with private equity sponsors and management teams.
• Experienced investment team with expertise in private equity, leveraged finance, and restructuring.
• Affiliation with Crescent Capital Group LP, a leading alternative credit investment firm.
• Diversified investment portfolio across various industries and geographies.

What Does CCAP Do?

Crescent Capital BDC, Inc. is a business development company (BDC) that specializes in providing financing to middle-market companies. The firm focuses on direct investments, primarily in the form of debt and equity, to support buyouts, acquisitions, growth capital, and recapitalizations. Crescent Capital BDC aims to generate both current income and capital appreciation through its investments. The company's investment strategy targets companies with established business models, experienced management teams, and strong cash flow generation. Crescent Capital BDC operates primarily in the United States, focusing on companies with enterprise values typically ranging from $50 million to $1 billion. The company's portfolio is diversified across various industries, including business services, healthcare, manufacturing, and technology. Crescent Capital BDC seeks to partner with private equity sponsors and management teams to provide flexible financing solutions tailored to the specific needs of each portfolio company. The company's investment team has extensive experience in private equity, leveraged finance, and restructuring, enabling it to effectively evaluate investment opportunities and manage risk. Crescent Capital BDC is externally managed by Crescent Cap Advisors, LLC, an affiliate of Crescent Capital Group LP, a leading alternative credit investment firm with approximately $40 billion of assets under management as of December 31, 2025.

What Products and Services Does CCAP Offer?

• Provides direct lending to middle-market companies.
• Invests in private equity buyouts and loan funds.
• Offers financing for acquisitions, growth capital, and recapitalizations.
• Generates income through interest payments and capital appreciation.
• Partners with private equity sponsors and management teams.
• Manages a diversified portfolio of debt and equity investments.
• Focuses on companies with established business models and strong cash flow.

How Does CCAP Make Money?

• Generates revenue through interest income from debt investments.
• Realizes capital gains from equity investments.
• Externally managed by Crescent Cap Advisors, LLC, an affiliate of Crescent Capital Group LP.
• Invests in middle-market companies with enterprise values typically ranging from $50 million to $1 billion.

What Industry Does CCAP Operate In?

Crescent Capital BDC operates within the asset management industry, specifically focusing on business development companies (BDCs). The BDC sector has experienced growth in recent years as middle-market companies seek alternative sources of financing outside of traditional banks. The competitive landscape includes other BDCs, private credit funds, and direct lending platforms. Market trends indicate increasing demand for private credit due to stricter bank regulations and a growing number of middle-market companies. Crescent Capital BDC is positioned to capitalize on these trends through its established platform and experienced investment team.

Who Are CCAP's Key Customers?

• Middle-market companies seeking financing for various purposes.
• Private equity sponsors looking for financing partners.
• Institutional investors seeking exposure to private credit and equity investments.
• Companies in business services, healthcare, manufacturing, and technology industries.

Crescent Capital BDC, Inc. Financial Trajectory

Crescent Capital BDC, Inc. (CCAP) reported $20.4M in revenue for Jun 2026, a decline of 20.3% compared to the prior quarter. The company recorded a net loss of $3.2M, with diluted EPS of $-0.09. Revenue has contracted over three consecutive quarters, which investors in this small-cap Financial Services stock should monitor closely. Across the four most recent quarters, CCAP averaged $-0.02 in diluted EPS.

Company Profile

Crescent Capital BDC, Inc. operates in the Asset Management industry within the Financial Services sector. It is headquartered in Los Angeles, United States.

How Crescent Capital BDC, Inc. Is Valued

Crescent Capital BDC, Inc. carries a market capitalization of $366M, placing it in the small-cap category. Analyst price targets span from $11.00 to $16.00, with a consensus of $13.00. At the current price of $9.93, that implies approximately 31% upside potential. Relative to its peer group, CCAP's quantitative score of 37/100 is below the peer average of 63/100.

Return on equity for Crescent Capital BDC, Inc. stands at 2.2%, a gauge of how efficiently it converts shareholder capital into profit. Return on assets is 4.7%, showing how much profit it generates from its asset base. CCAP trades at a trailing price-to-earnings ratio of 7.49, below the Financial Services sector average of ~17.50x. A current ratio of 1.51 indicates the company holds enough short-term assets to cover its near-term obligations.

Crescent Capital BDC, Inc.'s Piotroski F-Score is 5/9, a 9-point checklist of profitability, leverage and efficiency — a middling fundamental profile. Its Altman Z-Score of 0.13 places it in the distress zone, a signal of elevated financial risk.

Crescent Capital BDC, Inc. has missed Wall Street's EPS estimate in 3 of its last 8 reported quarters — a mixed record worth weighing.

Wall Street analysts project Crescent Capital BDC, Inc. revenue of about $147.0M for fiscal 2026, with EPS near $1.48. The estimate reflects 5 contributing analysts.

Over the past six months, Crescent Capital BDC, Inc. insiders filed 18 SEC Form 4 transactions — 12 sales and 6 purchases. On net that is roughly 425K shares disposed (about $4.4M), a signal worth weighing alongside the fundamentals.

CCAP Financials

CCAP Latest News

CCAP Analyst Consensus

CCAP MoonshotScore

What Investors Ask About Crescent Capital BDC, Inc. (CCAP) — Financial Services

Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.

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