Bridgeworth LLC bought a new position in shares of Corporate Capital Trust Inc (NYSE:CCT) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 8,126 shares of the company’s stock, valued at approximately $126,000.
A number of other hedge funds have also bought and sold shares of CCT. Wells Fargo & Company MN lifted its stake in 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 last quarter. Quantitative Systematic Strategies LLC purchased a new stake in Corporate Capital Trust during the first quarter worth approximately $170,000. Sawtooth Solutions LLC purchased a new stake in Corporate Capital Trust during the first quarter worth approximately $196,000. Chessman Wealth Strategies RIA lifted its stake in Corporate Capital Trust by 201.4% during the first quarter. Chessman Wealth Strategies RIA now owns 41,410 shares of the company’s stock worth $700,000 after purchasing an additional 27,672 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. lifted its stake in Corporate Capital Trust by 16.8% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 626,779 shares of the company’s stock worth $10,593,000 after purchasing an additional 90,294 shares during the last quarter. Hedge funds and other institutional investors own 21.38% of the company’s stock.
In related news, COO Ryan Wilson purchased 2,500 shares of the business’s stock in a transaction dated Thursday, August 23rd. The stock was acquired at an average price of $16.30 per share, for a total transaction of $40,750.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Frederick Arnold purchased 7,500 shares of the business’s stock in a transaction dated Thursday, August 23rd. The shares were bought at an average price of $16.39 per share, with a total value of $122,925.00. The disclosure for this purchase can be found here.
NYSE CCT traded down $0.05 on Friday, reaching $14.94. The stock had a trading volume of 361,058 shares, compared to its average volume of 471,080. The company has a current ratio of 0.22, a quick ratio of 0.22 and a debt-to-equity ratio of 0.26. Corporate Capital Trust Inc has a 12-month low of $14.43 and a 12-month high of $19.00. The stock has a market cap of $1.89 billion and a P/E ratio of 9.70.
Corporate Capital Trust (NYSE:CCT) last issued its quarterly earnings data on Friday, August 10th. The company reported $0.40 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.40. Corporate Capital Trust had a return on equity of 7.71% and a net margin of 40.08%. The company had revenue of $103.76 million during the quarter, compared to analysts’ expectations of $101.46 million. As a group, research analysts predict that Corporate Capital Trust Inc will post 1.6 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 9th. Shareholders of record on Friday, September 28th will be paid a $0.402 dividend. This represents a $1.61 dividend on an annualized basis and a yield of 10.76%. The ex-dividend date of this dividend is Thursday, September 27th. Corporate Capital Trust’s dividend payout ratio is currently 104.55%.
Several equities research analysts recently weighed in on the company. BMO Capital Markets decreased their target price on Corporate Capital Trust from $18.00 to $17.00 and set a “market perform” rating for the company in a research note on Tuesday, July 24th. Zacks Investment Research cut Corporate Capital Trust from a “hold” rating to a “sell” rating in a research note on Tuesday, August 14th. Finally, Wells Fargo & Co cut Corporate Capital Trust from an “outperform” rating to a “market perform” rating in a research note on Thursday. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company’s stock. Corporate Capital Trust presently has an average rating of “Hold” and a consensus target price of $19.15.
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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