Corporate Capital Trust (CCT) Cut to Sell at Zacks Investment Research

Zacks Investment Research cut shares of Corporate Capital Trust (NYSE:CCT) from a hold rating to a sell rating in a research report report published on Wednesday.

According to Zacks, “Corporate Capital Trust, Inc. is a business development company. It focused on investing in the debt of privately owned companies. Corporate Capital Trust, Inc. is based in Orlando, United States. “

CCT has been the topic of a number of other reports. ValuEngine downgraded shares of Corporate Capital Trust from a hold rating to a sell rating in a research note on Thursday, November 1st. BMO Capital Markets lowered their target price on shares of Corporate Capital Trust from $17.00 to $16.61 and set a market perform rating on the stock in a research note on Tuesday, August 14th. Finally, Wells Fargo & Co downgraded shares of Corporate Capital Trust from an outperform rating to a market perform rating in a research note on Thursday, October 4th.

Shares of CCT opened at $14.02 on Wednesday. The company has a market capitalization of $1.73 billion and a P/E ratio of 9.10. The company has a current ratio of 0.15, a quick ratio of 0.15 and a debt-to-equity ratio of 0.10. Corporate Capital Trust has a 1-year low of $13.60 and a 1-year high of $19.00.

Corporate Capital Trust (NYSE:CCT) last announced its earnings results on Thursday, November 8th. The company reported $0.40 earnings per share for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.01). The company had revenue of $103.86 million during the quarter, compared to analysts’ expectations of $106.35 million. Corporate Capital Trust had a net margin of 36.12% and a return on equity of 7.89%. On average, analysts anticipate that Corporate Capital Trust will post 1.58 EPS for the current fiscal year.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. FTB Advisors Inc. raised its stake in shares of Corporate Capital Trust by 238.9% during the third quarter. FTB Advisors Inc. now owns 5,758 shares of the company’s stock worth $320,000 after acquiring an additional 4,059 shares in the last quarter. Pinebridge Investments L.P. raised its stake in shares of Corporate Capital Trust by 255.7% during the second quarter. Pinebridge Investments L.P. now owns 7,897 shares of the company’s stock worth $123,000 after acquiring an additional 5,677 shares in the last quarter. Bridgeworth LLC purchased a new position in shares of Corporate Capital Trust during the second quarter worth approximately $126,000. Bank of America Corp DE raised its stake in shares of Corporate Capital Trust by 418.1% during the second quarter. Bank of America Corp DE now owns 8,808 shares of the company’s stock worth $138,000 after acquiring an additional 7,108 shares in the last quarter. Finally, Trexquant Investment LP purchased a new position in shares of Corporate Capital Trust during the second quarter worth approximately $178,000. 24.04% of the stock is currently owned by institutional investors and hedge funds.

Corporate Capital Trust Company Profile

Corporate Capital Trust, Inc is a business development company co- sponsored by CNL Fund Advisors Company and KKR Asset Management, LLC. It specializes in senior debt and subordinated debt investments in medium and large sized mature companies. The fund does not invest in start-up companies or companies with speculative business plans.

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