ValuEngine lowered shares of Stellus Capital Investment (NYSE:SCM) from a hold rating to a sell rating in a research note issued to investors on Thursday morning.
Other research analysts have also issued research reports about the company. TheStreet lowered Stellus Capital Investment from a b rating to a c+ rating in a report on Wednesday, July 11th. Zacks Investment Research lowered Stellus Capital Investment from a buy rating to a hold rating in a report on Tuesday, August 21st. Finally, Keefe, Bruyette & Woods restated a hold rating and issued a $14.00 target price on shares of Stellus Capital Investment in a report on Thursday, August 9th.
Shares of SCM stock traded down $0.16 during trading hours on Thursday, reaching $12.32. The company had a trading volume of 66,387 shares, compared to its average volume of 88,571. Stellus Capital Investment has a 12 month low of $11.07 and a 12 month high of $14.12. The company has a quick ratio of 0.21, a current ratio of 0.21 and a debt-to-equity ratio of 0.78. The firm has a market capitalization of $195.91 million, a PE ratio of 10.18 and a beta of 0.56.
Stellus Capital Investment (NYSE:SCM) last posted its earnings results on Wednesday, August 8th. The investment management company reported $0.30 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.31 by ($0.01). Stellus Capital Investment had a net margin of 59.39% and a return on equity of 8.16%. The company had revenue of $12.62 million during the quarter, compared to the consensus estimate of $12.21 million. On average, equities research analysts anticipate that Stellus Capital Investment will post 1.27 earnings per share for the current fiscal year.
The firm also recently declared a monthly dividend, which will be paid on Tuesday, January 15th. Investors of record on Monday, December 31st will be issued a dividend of $0.1133 per share. The ex-dividend date of this dividend is Friday, December 28th. This represents a $1.36 dividend on an annualized basis and a yield of 11.04%. Stellus Capital Investment’s dividend payout ratio (DPR) is currently 112.40%.
An institutional investor recently bought a new position in Stellus Capital Investment stock. Stephens Inc. AR purchased a new position in shares of Stellus Capital Investment Corp (NYSE:SCM) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 20,085 shares of the investment management company’s stock, valued at approximately $257,000. Stephens Inc. AR owned 0.13% of Stellus Capital Investment at the end of the most recent quarter. 20.75% of the stock is currently owned by hedge funds and other institutional investors.
Stellus Capital Investment Company Profile
Stellus Capital Investment Corporation is a business development company specializing in investments in private middle-market companies. It invests through first lien, second lien, unitranche, and mezzanine debt financing, often with a corresponding equity investment. The fund seeks to invest in companies with an EBITDA between $5 million and $50 million.
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