Corporate Capital Trust (NYSE:CCT) has been given an average broker rating score of 1.00 (Strong Buy) from the two brokers that provide coverage for the stock, Zacks Investment Research reports. Two equities research analysts have rated the stock with a strong buy recommendation.
Brokerages have set a 1 year consensus price objective of $19.75 for the company and are forecasting that the company will post $0.43 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Corporate Capital Trust an industry rank of 123 out of 265 based on the ratings given to its competitors.
A number of brokerages have weighed in on CCT. Zacks Investment Research downgraded Corporate Capital Trust from a “hold” rating to a “strong sell” rating in a report on Monday, March 12th. Wells Fargo began coverage on Corporate Capital Trust in a report on Wednesday, February 21st. They set an “outperform” rating and a $20.00 price target for the company.
In other Corporate Capital Trust news, COO Ryan Wilson purchased 6,000 shares of the company’s stock in a transaction that occurred on Thursday, March 8th. The shares were acquired at an average price of $16.18 per share, with a total value of $97,080.00. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Todd C. Builione purchased 15,000 shares of the company’s stock in a transaction that occurred on Thursday, March 8th. The stock was acquired at an average cost of $16.13 per share, for a total transaction of $241,950.00. The disclosure for this purchase can be found here. Over the last 90 days, insiders bought 29,000 shares of company stock valued at $467,030.
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. IFG Advisory LLC bought a new position in Corporate Capital Trust in the 4th quarter valued at about $929,000. Westside Investment Management Inc. bought a new position in Corporate Capital Trust in the 4th quarter valued at about $107,000. Northwestern Mutual Wealth Management Co. bought a new position in Corporate Capital Trust in the 4th quarter valued at about $168,000. IFC Holdings Incorporated FL bought a new position in Corporate Capital Trust in the 4th quarter valued at about $176,000. Finally, Advisory Services Network LLC bought a new position in Corporate Capital Trust in the 4th quarter valued at about $190,000. 12.38% of the stock is currently owned by institutional investors and hedge funds.
Corporate Capital Trust stock traded up $0.24 during trading hours on Thursday, reaching $16.98. 95,973 shares of the company’s stock were exchanged, compared to its average volume of 673,080. The company has a current ratio of 0.23, a quick ratio of 0.23 and a debt-to-equity ratio of 0.25. Corporate Capital Trust has a twelve month low of $14.43 and a twelve month high of $19.00.
The company also recently announced a special dividend, which will be paid on Monday, May 21st. Stockholders of record on Monday, May 14th will be paid a $0.1013 dividend. The ex-dividend date is Friday, May 11th. This represents a dividend yield of 10.24%.
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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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