Zacks Investment Research lowered shares of Corporate Capital Trust (NYSE:CCT) from a hold rating to a sell rating in a report released on Monday.

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. “

Several other analysts have also commented on the company. Wells Fargo & Co lowered Corporate Capital Trust from an outperform rating to a market perform rating in a research note on Thursday, October 4th. ValuEngine lowered Corporate Capital Trust from a hold rating to a sell rating in a research note on Thursday, November 1st. Finally, BMO Capital Markets cut their price objective on Corporate Capital Trust from $17.00 to $16.61 and set a market perform rating for the company in a research report on Tuesday, August 14th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the company’s stock. The company has a consensus rating of Hold and a consensus price target of $19.15.

Shares of CCT stock opened at $13.97 on Monday. The company has a current ratio of 0.15, a quick ratio of 0.15 and a debt-to-equity ratio of 0.10. The firm has a market capitalization of $1.75 billion and a P/E ratio of 9.07. Corporate Capital Trust has a one year low of $13.69 and a one year high of $19.00.

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

In other Corporate Capital Trust news, COO Ryan Wilson acquired 2,500 shares of the business’s stock in a transaction on Thursday, August 23rd. The stock was purchased at an average price of $16.30 per share, for a total transaction of $40,750.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Frederick Arnold bought 7,500 shares of the company’s stock in a transaction dated Thursday, August 23rd. The shares were purchased at an average price of $16.39 per share, with a total value of $122,925.00. The disclosure for this purchase can be found here.

Several hedge funds have recently added to or reduced their stakes in the company. Muzinich & Co. Inc. raised its position in shares of Corporate Capital Trust by 0.3% during the third quarter. Muzinich & Co. Inc. now owns 2,374,707 shares of the company’s stock worth $36,238,000 after acquiring an additional 7,982 shares during the last quarter. Van ECK Associates Corp raised its position in shares of Corporate Capital Trust by 3.2% during the second quarter. Van ECK Associates Corp now owns 876,677 shares of the company’s stock worth $13,694,000 after acquiring an additional 27,506 shares during the last quarter. BlackRock Inc. bought a new stake in shares of Corporate Capital Trust during the first quarter worth $12,700,000. Commonwealth Equity Services LLC raised its position in shares of Corporate Capital Trust by 3.8% during the second quarter. Commonwealth Equity Services LLC now owns 736,957 shares of the company’s stock worth $11,511,000 after acquiring an additional 26,644 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. grew its stake in shares of Corporate Capital Trust by 3.8% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 706,318 shares of the company’s stock worth $10,778,000 after purchasing an additional 25,708 shares during the period. Institutional investors own 21.18% of the company’s stock.

About Corporate Capital Trust

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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