Ladenburg Thalmann Financial Services Inc. bought a new position in Corporate Capital Trust Inc (NYSE:CCT) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 873,328 shares of the company’s stock, valued at approximately $13,955,000. Ladenburg Thalmann Financial Services Inc. owned about 0.69% of Corporate Capital Trust at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently made changes to their positions in CCT. Pinnacle Financial Partners Inc. bought a new stake in Corporate Capital Trust during the fourth quarter worth $112,000. Northwestern Mutual Wealth Management Co. acquired a new position in shares of Corporate Capital Trust in the fourth quarter valued at about $168,000. IFC Holdings Incorporated FL acquired a new position in shares of Corporate Capital Trust in the fourth quarter valued at about $176,000. Advisory Services Network LLC acquired a new position in shares of Corporate Capital Trust in the fourth quarter valued at about $190,000. Finally, Cue Financial Group Inc. acquired a new position in shares of Corporate Capital Trust in the fourth quarter valued at about $196,000. 12.30% of the stock is owned by institutional investors.
In related news, CEO Todd C. Builione acquired 15,000 shares of the company’s stock in a transaction on Thursday, March 8th. The shares were acquired at an average cost of $16.13 per share, for a total transaction of $241,950.00. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Also, Director Frederick Arnold acquired 5,000 shares of the company’s stock in a transaction on Thursday, March 8th. The shares were bought at an average price of $16.00 per share, for a total transaction of $80,000.00. The disclosure for this purchase can be found here. In the last three months, insiders purchased 29,000 shares of company stock valued at $467,030.
A number of equities research analysts have issued reports on the stock. Zacks Investment Research downgraded shares of Corporate Capital Trust from a “hold” rating to a “strong sell” rating in a research note on Monday, March 12th. Wells Fargo began coverage on shares of Corporate Capital Trust in a report on Wednesday, February 21st. They issued an “outperform” rating and a $20.00 target price for the company.
Shares of CCT stock opened at $17.20 on Friday. Corporate Capital Trust Inc has a 52 week low of $14.43 and a 52 week high of $19.00. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.23 and a current ratio of 0.23.
The firm also recently declared a special dividend, which will be paid on Monday, May 21st. Investors of record on Monday, May 14th will be given a $0.1013 dividend. This represents a yield of 10.24%. The ex-dividend date of this dividend is Friday, May 11th.
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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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