Crescent Capital Bdc, Inc. ( (CCAP) ) has released its Q1 earnings. Here is a breakdown of the information Crescent Capital Bdc, Inc. presented to its investors.
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Crescent Capital BDC, Inc. is a business development company that provides capital solutions to middle market companies, focusing on generating current income and capital appreciation. The company operates in the financial sector and is managed by Crescent Cap Advisors, LLC.
In its first quarter 2025 earnings report, Crescent Capital BDC announced a net investment income of $0.45 per share and a net income of $0.11 per share. The company declared a second quarter base dividend of $0.42 per share, along with a special dividend of $0.05 per share.
Key financial highlights include a decrease in net asset value per share to $19.62 from $19.98 in the previous quarter. The company’s total assets increased slightly to $1,666.5 million, while net assets decreased to $727.1 million. Investment income fell to $42.1 million, primarily due to a decrease in interest income.
The company invested $104.7 million in new and existing portfolio companies during the quarter and maintained a high percentage of debt investments at floating rates. Despite challenges, Crescent Capital BDC continues to focus on strategic investments to enhance its portfolio.
Looking ahead, Crescent Capital BDC remains committed to leveraging its expertise and disciplined investment approach to navigate the evolving market landscape and deliver value to its shareholders.