Corporate Capital Trust (CCT) Hits New 12-Month Low at $13.68

Corporate Capital Trust Inc (NYSE:CCT)’s share price reached a new 52-week low during trading on Tuesday . The stock traded as low as $13.68 and last traded at $13.76, with a volume of 18789 shares traded. The stock had previously closed at $14.03.

Several equities analysts have issued reports on CCT shares. Zacks Investment Research downgraded Corporate Capital Trust from a “hold” rating to a “sell” rating in a research report on Tuesday, August 14th. 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. ValuEngine downgraded Corporate Capital Trust from a “hold” rating to a “sell” rating in a research report on Thursday, November 1st. Finally, Wells Fargo & Co downgraded Corporate Capital Trust from an “outperform” rating to a “market perform” rating in a research report on Thursday, October 4th. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $19.15.

The company has a market cap of $1.71 billion and a P/E ratio of 8.93. The company has a quick ratio of 0.15, a current ratio of 0.15 and a debt-to-equity ratio of 0.10.

Corporate Capital Trust (NYSE:CCT) last released its 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 firm 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%. On average, equities research analysts anticipate that Corporate Capital Trust Inc will post 1.58 EPS for the current year.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CCT. BlackRock Inc. acquired a new stake in shares of Corporate Capital Trust in the 1st quarter valued at $12,700,000. Millennium Management LLC acquired a new stake in shares of Corporate Capital Trust during the first quarter worth $3,134,000. RFG Advisory Group LLC grew its stake in shares of Corporate Capital Trust by 112.4% during the second quarter. RFG Advisory Group LLC now owns 182,174 shares of the company’s stock worth $2,846,000 after purchasing an additional 96,391 shares during the period. Cambria Investment Management L.P. acquired a new stake in shares of Corporate Capital Trust during the second quarter worth $234,000. Finally, Raymond James Financial Services Advisors Inc. grew its stake in shares of Corporate Capital Trust by 22.4% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 139,599 shares of the company’s stock worth $2,181,000 after purchasing an additional 25,502 shares during the period. 22.28% of the stock is owned by institutional investors.

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About Corporate Capital Trust (NYSE:CCT)

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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