Corporate Capital Trust (NYSE:CCT) – Research analysts at SunTrust Banks boosted their Q4 2018 earnings estimates for shares of Corporate Capital Trust in a note issued to investors on Tuesday, May 15th. SunTrust Banks analyst D. Mewhirter now anticipates that the company will post earnings of $0.42 per share for the quarter, up from their previous estimate of $0.41.
Other analysts have also recently issued reports about the company. Zacks Investment Research cut Corporate Capital Trust from a “buy” rating to a “hold” rating in a research note on Thursday. ValuEngine cut Corporate Capital Trust from a “buy” rating to a “hold” rating in a research note on Friday, April 27th. Finally, Wells Fargo began coverage on Corporate Capital Trust in a research note on Wednesday, February 21st. They set an “outperform” rating and a $20.00 target price for the company.
Corporate Capital Trust (NYSE:CCT) last announced its quarterly earnings results on Tuesday, May 15th. The company reported $0.39 EPS for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.03). Corporate Capital Trust had a net margin of 40.13% and a return on equity of 7.01%. The company had revenue of $99.64 million during the quarter, compared to the consensus estimate of $101.60 million.
Institutional investors and hedge funds have recently modified their holdings of the company. Ruggie Capital Group bought a new position in shares of Corporate Capital Trust during the 4th quarter worth approximately $1,063,000. NorthRock Partners LLC acquired a new stake in shares of Corporate Capital Trust in the 4th quarter valued at approximately $8,924,000. IFG Advisory LLC acquired a new stake in shares of Corporate Capital Trust in the 4th quarter valued at approximately $929,000. CWM LLC acquired a new stake in shares of Corporate Capital Trust in the 4th quarter valued at approximately $360,000. Finally, Ares Management LLC acquired a new stake in shares of Corporate Capital Trust in the 4th quarter valued at approximately $7,393,000. 13.67% of the stock is owned by institutional investors.
In other Corporate Capital Trust news, CEO Todd C. Builione purchased 15,000 shares of the firm’s stock in a transaction dated Thursday, March 8th. The stock was bought at an average cost of $16.13 per share, with a total value of $241,950.00. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link. Also, General Counsel Philip Davidson purchased 3,000 shares of the firm’s stock in a transaction dated Thursday, March 8th. The shares were acquired at an average cost of $16.00 per share, with a total value of $48,000.00. The disclosure for this purchase can be found here. Insiders have bought a total of 29,000 shares of company stock valued at $467,030 over the last ninety days.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 10th. Stockholders of record on Friday, June 29th will be paid a dividend of $0.4022 per share. The ex-dividend date is Thursday, June 28th. This represents a $1.61 annualized dividend and a dividend yield of 9.68%. Corporate Capital Trust’s dividend payout ratio is currently 104.55%.
Corporate Capital Trust Company Profile
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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