Stellus Capital Investment (NYSE:SCM) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a note issued to investors on Wednesday.
According to Zacks, “Stellus Capital Investment Corporation is a closed-end, non-diversified management investment company. The Company’s investment objective is to maximize the total return to its stockholders in the form of current income and capital appreciation by investing primarily in private middle-market companies. “
Separately, ValuEngine upgraded Stellus Capital Investment from a “sell” rating to a “hold” rating in a research report on Monday, November 12th.
Shares of SCM stock opened at $13.51 on Wednesday. The company has a market capitalization of $214.26 million, a PE ratio of 11.17 and a beta of 0.67. Stellus Capital Investment has a fifty-two week low of $11.07 and a fifty-two week high of $14.00. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.40 and a current ratio of 0.40.
Stellus Capital Investment (NYSE:SCM) last issued its quarterly earnings data on Wednesday, November 7th. The investment management company reported $0.35 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.34 by $0.01. The firm had revenue of $14.49 million for the quarter, compared to analyst estimates of $13.58 million. Stellus Capital Investment had a return on equity of 8.59% and a net margin of 60.59%. Research analysts forecast that Stellus Capital Investment will post 1.29 earnings per share for the current year.
In related news, insider Robert T. Ladd acquired 6,500 shares of the stock in a transaction on Monday, November 12th. The stock was acquired at an average price of $12.87 per share, for a total transaction of $83,655.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Robert T. Ladd acquired 8,000 shares of the stock in a transaction on Monday, December 24th. The shares were bought at an average price of $11.85 per share, with a total value of $94,800.00. The disclosure for this purchase can be found here. In the last 90 days, insiders bought 115,100 shares of company stock valued at $1,438,159. 5.40% of the stock is currently owned by company insiders.
A hedge fund recently bought a new stake in Stellus Capital Investment stock. Stephens Inc. AR acquired a new stake in shares of Stellus Capital Investment Corp (NYSE:SCM) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 20,085 shares of the investment management company’s stock, valued at approximately $257,000. Stephens Inc. AR owned about 0.13% of Stellus Capital Investment at the end of the most recent quarter. 22.63% of the stock is currently owned by institutional investors and hedge funds.
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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