Corporate Capital Trust (NYSE:CCT) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued on Tuesday.
According to Zacks, “Corporate Capital Trust, Inc. is a business development company. It focused on investing in the debt of privately owned companies. Corporate Capital Trust, Inc. is based in Orlando, United States. “
Several other research analysts have also recently weighed in on CCT. BMO Capital Markets lowered their price target on shares of Corporate Capital Trust from $17.00 to $16.61 and set a “market perform” rating on the stock in a report on Tuesday, August 14th. Wells Fargo & Co cut shares of Corporate Capital Trust from an “outperform” rating to a “market perform” rating in a report on Thursday, October 4th. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Corporate Capital Trust presently has an average rating of “Hold” and an average target price of $19.15.
Shares of CCT stock opened at $14.66 on Tuesday. The company has a current ratio of 0.22, a quick ratio of 0.22 and a debt-to-equity ratio of 0.26. The stock has a market capitalization of $1.89 billion and a PE ratio of 9.52. Corporate Capital Trust has a 52-week low of $14.43 and a 52-week high of $19.00.
Corporate Capital Trust (NYSE:CCT) last released its quarterly earnings results on Friday, August 10th. The company reported $0.40 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.40. The firm had revenue of $103.76 million for the quarter, compared to analysts’ expectations of $101.46 million. Corporate Capital Trust had a net margin of 40.08% and a return on equity of 7.71%. As a group, equities analysts forecast that Corporate Capital Trust will post 1.6 earnings per share for the current year.
In related news, COO Ryan Wilson purchased 2,500 shares of the stock in a transaction on Thursday, August 23rd. The shares were purchased at an average cost of $16.30 per share, with a total value of $40,750.00. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Frederick Arnold bought 7,500 shares of the stock in a transaction dated Thursday, August 23rd. The shares were acquired at an average cost of $16.39 per share, for a total transaction of $122,925.00. The disclosure for this purchase can be found here.
Institutional investors and hedge funds have recently made changes to their positions in the company. Tower Research Capital LLC TRC increased its holdings in shares of Corporate Capital Trust by 50,347.7% during the second quarter. Tower Research Capital LLC TRC now owns 32,791 shares of the company’s stock worth $512,000 after purchasing an additional 32,726 shares during the period. Wells Fargo & Company MN increased its holdings in shares of Corporate Capital Trust by 3,249.7% during the first quarter. Wells Fargo & Company MN now owns 47,264 shares of the company’s stock worth $799,000 after purchasing an additional 45,853 shares during the period. Krilogy Financial LLC increased its holdings in shares of Corporate Capital Trust by 4.1% during the second quarter. Krilogy Financial LLC now owns 172,139 shares of the company’s stock worth $2,689,000 after purchasing an additional 6,854 shares during the period. Quantitative Systematic Strategies LLC increased its holdings in shares of Corporate Capital Trust by 126.1% during the second quarter. Quantitative Systematic Strategies LLC now owns 22,687 shares of the company’s stock worth $354,000 after purchasing an additional 12,651 shares during the period. Finally, Flagship Harbor Advisors LLC increased its holdings in shares of Corporate Capital Trust by 53.3% during the second quarter. Flagship Harbor Advisors LLC now owns 34,610 shares of the company’s stock worth $540,000 after purchasing an additional 12,036 shares during the period. 21.38% of the stock is currently owned by institutional investors.
About Corporate Capital Trust
Corporate Capital Trust Inc is headquartered in Orlando, Florida, United States and is engaged in the financial intermediation activities. The company offers Trust. The company was founded in 2010.
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