Corporate Capital Trust Inc (CCT) Director Acquires $80,000.00 in Stock

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Corporate Capital Trust Inc (NYSE:CCT) Director Frederick Arnold bought 5,000 shares of the company’s stock in a transaction on Thursday, March 8th. The shares were bought at an average cost of $16.00 per share, for a total transaction of $80,000.00. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink.

NYSE:CCT traded down $0.03 during trading hours on Friday, hitting $17.20. 564,773 shares of the company were exchanged, compared to its average volume of 707,531. Corporate Capital Trust Inc has a 52-week low of $14.43 and a 52-week high of $19.00. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.23 and a quick ratio of 0.23.

The firm also recently disclosed a special dividend, which will be paid on Monday, May 21st. Shareholders of record on Monday, May 14th will be paid a dividend of $0.1013 per share. This represents a yield of 10.24%. The ex-dividend date of this dividend is Friday, May 11th.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Ruggie Capital Group acquired a new stake in Corporate Capital Trust during the 4th quarter valued at approximately $1,063,000. NorthRock Partners LLC acquired a new stake in Corporate Capital Trust during the 4th quarter valued at approximately $8,924,000. IFG Advisory LLC acquired a new stake in Corporate Capital Trust during the 4th quarter valued at approximately $929,000. CWM LLC acquired a new stake in Corporate Capital Trust during the 4th quarter valued at approximately $360,000. Finally, Ares Management LLC acquired a new stake in Corporate Capital Trust during the 4th quarter valued at approximately $7,393,000. Institutional investors and hedge funds own 12.30% of the company’s stock.

Several analysts have weighed in on the stock. Zacks Investment Research downgraded shares of Corporate Capital Trust from a “hold” rating to a “strong sell” rating in a research report on Monday, March 12th. Wells Fargo assumed coverage on shares of Corporate Capital Trust in a research report on Wednesday, February 21st. They set an “outperform” rating and a $20.00 target price on the stock.

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Corporate Capital Trust Company 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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