Corporate Capital Trust (NYSE:CCT) – Equities researchers at SunTrust Banks boosted their Q4 2018 EPS estimates for shares of Corporate Capital Trust in a report released on Tuesday, May 15th. SunTrust Banks analyst D. Mewhirter now forecasts that the company will post earnings per share of $0.42 for the quarter, up from their previous estimate of $0.41.

Several other equities analysts have also recently commented on the stock. Wells Fargo initiated coverage on shares of Corporate Capital Trust in a research report on Wednesday, February 21st. They issued an “outperform” rating and a $20.00 price target for the company. Zacks Investment Research cut shares of Corporate Capital Trust from a “buy” rating to a “hold” rating in a research report on Tuesday, March 6th. Finally, ValuEngine cut shares of Corporate Capital Trust from a “buy” rating to a “hold” rating in a research report on Friday, April 27th.

Shares of Corporate Capital Trust opened at $16.62 on Friday, Marketbeat.com reports. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.25 and a quick ratio of 0.23. Corporate Capital Trust has a 52 week low of $16.68 and a 52 week high of $16.78. The company has a market capitalization of $2.07 billion and a price-to-earnings ratio of 10.79.

Corporate Capital Trust (NYSE:CCT) last issued its quarterly earnings results on Tuesday, May 15th. The company reported $0.39 EPS for the quarter, missing the Thomson Reuters’ consensus estimate 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 business had revenue of $99.64 million during the quarter, compared to analysts’ expectations of $101.60 million.

Several institutional investors have recently added to or reduced their stakes in the company. Private Capital Group LLC lifted its position in shares of Corporate Capital Trust by 5,604.0% during the 1st quarter. Private Capital Group LLC now owns 10,096 shares of the company’s stock worth $175,000 after purchasing an additional 9,919 shares during the last quarter. Millennium Management LLC purchased a new stake in shares of Corporate Capital Trust during the 1st quarter worth $3,134,000. WealthPLAN Partners LLC lifted its position in shares of Corporate Capital Trust by 445.0% during the 1st quarter. WealthPLAN Partners LLC now owns 102,986 shares of the company’s stock worth $1,740,000 after purchasing an additional 84,089 shares during the last quarter. Freestone Capital Holdings LLC purchased a new stake in shares of Corporate Capital Trust during the 1st quarter worth $788,000. Finally, LPL Financial LLC lifted its position in shares of Corporate Capital Trust by 7.5% during the 1st quarter. LPL Financial LLC now owns 1,976,485 shares of the company’s stock worth $33,403,000 after purchasing an additional 137,092 shares during the last quarter. 13.67% of the stock is owned by institutional investors and hedge funds.

In other Corporate Capital Trust news, CEO Todd C. Builione purchased 15,000 shares of the firm’s stock in a transaction on Thursday, March 8th. The stock was bought at an average price of $16.13 per share, with a total value of $241,950.00. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Frederick Arnold purchased 5,000 shares of the firm’s stock in a transaction on Thursday, March 8th. The stock was acquired at an average cost of $16.00 per share, with a total value of $80,000.00. The disclosure for this purchase can be found here. Insiders acquired a total of 29,000 shares of company stock valued at $467,030 in the last three months.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 10th. Shareholders of record on Friday, June 29th will be given a $0.4022 dividend. The ex-dividend date is Thursday, June 28th. This represents a $1.61 annualized dividend and a yield of 9.68%. Corporate Capital Trust’s dividend payout ratio is presently 104.55%.

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.

Earnings History and Estimates for Corporate Capital Trust (NYSE:CCT)

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