Lincoln National Corp Sells 14,033 Shares of Corporate Capital Trust Inc (CCT)
Lincoln National Corp lessened its stake in Corporate Capital Trust Inc (NYSE:CCT) by 49.8% in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 14,121 shares of the company’s stock after selling 14,033 shares during the quarter. Lincoln National Corp’s holdings in Corporate Capital Trust were worth $221,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently modified their holdings of CCT. Sei Investments Co. lifted its position in Corporate Capital Trust by 1.5% in the second quarter. Sei Investments Co. now owns 205,163 shares of the company’s stock valued at $3,205,000 after buying an additional 2,942 shares during the last quarter. IFG Advisory LLC lifted its position in shares of Corporate Capital Trust by 5.0% during the second quarter. IFG Advisory LLC now owns 63,316 shares of the company’s stock worth $989,000 after purchasing an additional 3,006 shares in the last quarter. LexAurum Advisors LLC lifted its position in shares of Corporate Capital Trust by 18.5% during the second quarter. LexAurum Advisors LLC now owns 20,624 shares of the company’s stock worth $322,000 after purchasing an additional 3,220 shares in the last quarter. Mount Yale Investment Advisors LLC acquired a new stake in shares of Corporate Capital Trust during the first quarter worth about $110,000. Finally, Independent Advisor Alliance lifted its position in shares of Corporate Capital Trust by 3.7% during the second quarter. Independent Advisor Alliance now owns 194,169 shares of the company’s stock worth $3,033,000 after purchasing an additional 6,893 shares in the last quarter. 21.48% of the stock is owned by institutional investors.
In other Corporate Capital Trust news, COO Ryan Wilson bought 2,500 shares of Corporate Capital Trust stock in a transaction on Thursday, August 23rd. The stock was bought at an average price of $16.30 per share, with a total value of $40,750.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Frederick Arnold bought 7,500 shares of Corporate Capital Trust stock in a transaction on Thursday, August 23rd. The stock was acquired at an average cost of $16.39 per share, with a total value of $122,925.00. The disclosure for this purchase can be found here.
Corporate Capital Trust (NYSE:CCT) last announced its earnings results on Friday, August 10th. The company reported $0.40 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.40. Corporate Capital Trust had a net margin of 40.08% and a return on equity of 7.71%. The business had revenue of $103.76 million for the quarter, compared to analyst estimates of $101.46 million. sell-side analysts anticipate that Corporate Capital Trust Inc will post 1.6 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 9th. Investors of record on Friday, September 28th will be issued a dividend of $0.402 per share. This represents a $1.61 annualized dividend and a dividend yield of 10.06%. The ex-dividend date of this dividend is Thursday, September 27th. Corporate Capital Trust’s dividend payout ratio is presently 104.55%.
A number of analysts recently weighed in on the stock. Zacks Investment Research lowered shares of Corporate Capital Trust from a “hold” rating to a “sell” rating in a research note on Tuesday, August 14th. BMO Capital Markets cut 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 research note on Tuesday, August 14th. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $19.15.
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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