Aspire Private Capital LLC Buys New Position in Carolina Trust Bancshares Inc (CART)

Aspire Private Capital LLC acquired a new stake in Carolina Trust Bancshares Inc (NASDAQ:CART) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 27,695 shares of the bank’s stock, valued at approximately $210,000. Aspire Private Capital LLC owned approximately 0.40% of Carolina Trust Bancshares at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Dimensional Fund Advisors LP acquired a new stake in shares of Carolina Trust Bancshares in the fourth quarter valued at approximately $92,000. Vanguard Group Inc raised its position in shares of Carolina Trust Bancshares by 51.1% in the third quarter. Vanguard Group Inc now owns 48,186 shares of the bank’s stock valued at $396,000 after buying an additional 16,298 shares in the last quarter. Vanguard Group Inc. raised its position in Carolina Trust Bancshares by 51.1% during the third quarter. Vanguard Group Inc. now owns 48,186 shares of the bank’s stock valued at $396,000 after purchasing an additional 16,298 shares in the last quarter. Finally, Alliancebernstein L.P. raised its position in Carolina Trust Bancshares by 13.1% during the third quarter. Alliancebernstein L.P. now owns 352,004 shares of the bank’s stock valued at $2,893,000 after purchasing an additional 40,661 shares in the last quarter. Institutional investors own 32.33% of the company’s stock.

CART traded up $0.13 during trading on Friday, reaching $8.34. 7,870 shares of the stock traded hands, compared to its average volume of 15,608. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.52. The stock has a market capitalization of $59.68 million, a P/E ratio of 15.16 and a beta of 0.40. Carolina Trust Bancshares Inc has a 12 month low of $7.20 and a 12 month high of $9.35.

Carolina Trust Bancshares (NASDAQ:CART) last posted its earnings results on Tuesday, January 29th. The bank reported $0.16 earnings per share for the quarter. Carolina Trust Bancshares had a net margin of 13.17% and a return on equity of 8.14%. The company had revenue of $4.60 million for the quarter.

Separately, ValuEngine upgraded shares of Carolina Trust Bancshares from a “sell” rating to a “hold” rating in a report on Monday, April 15th.

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Carolina Trust Bancshares Company Profile

Carolina Trust BancShares, Inc operates as the bank holding company for Carolina Trust Bank, a state chartered bank that provides commercial banking products and services for individuals and businesses. It offers non-interest bearing checking accounts, interest bearing checking and savings accounts, money market accounts, and certificates of deposit; commercial, installment, residential mortgage, home equity lines, commercial real estate, and personal loans; safe deposit boxes; and other associated services.

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Institutional Ownership by Quarter for Carolina Trust Bancshares (NASDAQ:CART)

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