Corporate Capital Trust (CCT) Releases Earnings Results, Misses Expectations By $0.01 EPS
Corporate Capital Trust (NYSE:CCT) released its quarterly earnings data on Thursday. The company reported $0.40 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.01), Fidelity Earnings reports. The firm had revenue of $103.86 million for the quarter, compared to the consensus estimate of $106.35 million. Corporate Capital Trust had a net margin of 36.12% and a return on equity of 7.84%.
Shares of CCT stock opened at $14.42 on Friday. The company has a current ratio of 0.22, a quick ratio of 0.22 and a debt-to-equity ratio of 0.26. The firm has a market capitalization of $1.84 billion and a P/E ratio of 9.36. Corporate Capital Trust has a one year low of $13.69 and a one year high of $19.00.
In related news, COO Ryan Wilson purchased 2,500 shares of the firm’s stock in a transaction that occurred on Thursday, August 23rd. The shares were acquired at an average price of $16.30 per share, with a total value of $40,750.00. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Frederick Arnold purchased 7,500 shares of the firm’s stock in a transaction that occurred on Thursday, August 23rd. The stock was bought at an average cost of $16.39 per share, for a total transaction of $122,925.00. The disclosure for this purchase can be found here.
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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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