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.

Several brokerages recently commented on CCT. Wells Fargo & Co lowered Corporate Capital Trust from an “outperform” rating to a “market perform” rating in a research note on Thursday, October 4th. BMO Capital Markets decreased their price target on 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. Zacks Investment Research lowered Corporate Capital Trust from a “hold” rating to a “sell” rating in a research note on Tuesday, August 14th. Finally, ValuEngine lowered Corporate Capital Trust from a “hold” rating to a “sell” rating in a research note on Thursday, November 1st. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $19.15.

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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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Earnings History for Corporate Capital Trust (NYSE:CCT)

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