Crescent Capital BDC Q2 net investment income falls due to Logan JV investment

Crescent Capital Bdc

10/08/2026 21:35

Overview
US business development company's Q2 net investment income per share declined yr/yr
Net asset value per share fell to $17.82 from $19.55 a year earlier
Company announced regular and previously disclosed special dividends for Q3 2026

Outlook
Company declares Q3 2026 regular cash dividend of $0.34 per share
Second of three $0.03 per share special dividends to be paid on September 15, 2026
Third $0.03 per share special dividend scheduled for December 15, 2026

Result Drivers
LOWER DIVIDEND INCOME - Co said decrease in total investment income was primarily driven by lower dividend income from its Logan JV investment
REDUCED REPAYMENT ACTIVITY - Lower accelerated amortization and prepayment fee income reflected reduced repayment and refinancing activity in the quarter
HIGHER INTEREST INCOME - Higher recurring interest income from investments partially offset declines in other income sources

Company press release: ID:nGNX2mCnlK

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Investments Fair Value
 
$1.57 bln
 
Q2 Net Asset Value Per Share
 
$17.82
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the closed end funds peer group is "hold."
Wall Street's median 12-month price target for Crescent Capital BDC Inc is $13.50, about 14.7% above its August 7 closing price of $11.77
The stock recently traded at 8 times the next 12-month earnings vs. a P/E of 8 three months ago

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(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.)