Corporate Capital Trust Inc (CCT) Shares Sold by HighPoint Advisor Group LLC
HighPoint Advisor Group LLC decreased its stake in Corporate Capital Trust Inc (NYSE:CCT) by 2.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 172,115 shares of the company’s stock after selling 3,707 shares during the period. HighPoint Advisor Group LLC owned about 0.14% of Corporate Capital Trust worth $2,847,000 at the end of the most recent quarter.
Several other large investors also recently modified their holdings of CCT. Mount Yale Investment Advisors LLC bought a new position in shares of Corporate Capital Trust during the 1st quarter valued at $110,000. Pinebridge Investments L.P. grew its holdings in shares of Corporate Capital Trust by 255.7% during the 2nd quarter. Pinebridge Investments L.P. now owns 7,897 shares of the company’s stock valued at $123,000 after purchasing an additional 5,677 shares during the last quarter. Bridgeworth LLC bought a new position in shares of Corporate Capital Trust during the 2nd quarter valued at $126,000. Creative Financial Designs Inc. ADV bought a new position in shares of Corporate Capital Trust during the 2nd quarter valued at $132,000. Finally, Bank of America Corp DE grew its holdings in shares of Corporate Capital Trust by 418.1% during the 2nd quarter. Bank of America Corp DE now owns 8,808 shares of the company’s stock valued at $138,000 after purchasing an additional 7,108 shares during the last quarter. 21.37% of the stock is currently owned by hedge funds and other institutional investors.
In other news, Director Frederick Arnold purchased 7,500 shares of the company’s stock in a transaction on Thursday, August 23rd. The stock was acquired at an average price of $16.39 per share, with a total value of $122,925.00. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, COO Ryan Wilson purchased 2,500 shares of the company’s stock in a transaction on Thursday, August 23rd. The shares were purchased at an average cost of $16.30 per share, with a total value of $40,750.00. The disclosure for this purchase can be found here.
Corporate Capital Trust (NYSE:CCT) last announced its quarterly earnings results on Friday, August 10th. The company reported $0.40 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.40. The business had revenue of $103.76 million during the quarter, compared to analysts’ expectations of $101.46 million. Corporate Capital Trust had a net margin of 40.08% and a return on equity of 7.71%. equities research analysts forecast that Corporate Capital Trust Inc will post 1.6 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 9th. Shareholders of record on Friday, September 28th will be given a dividend of $0.402 per share. The ex-dividend date of this dividend is Thursday, September 27th. This represents a $1.61 annualized dividend and a yield of 10.02%. Corporate Capital Trust’s payout ratio is currently 104.55%.
Several equities analysts recently commented on CCT shares. BMO Capital Markets reduced 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 report on Tuesday, August 14th. Zacks Investment Research lowered shares of Corporate Capital Trust from a “hold” rating to a “sell” rating in a report on Tuesday, August 14th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $19.15.
Corporate Capital Trust 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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