Stellus Capital Investment Corp (NYSE:SCM) Receives Average Recommendation of “Hold” from Analysts

Shares of Stellus Capital Investment Corp (NYSE:SCM) have been assigned an average recommendation of “Hold” from the five research firms that are presently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell rating and three have given a hold rating to the company.

A number of analysts recently commented on SCM shares. Oppenheimer cut shares of Stellus Capital Investment from an “outperform” rating to a “market perform” rating in a research note on Monday, August 12th. CIBC reiterated a “market perform” rating on shares of Stellus Capital Investment in a research note on Monday, August 12th. Zacks Investment Research lowered shares of Stellus Capital Investment from a “hold” rating to a “sell” rating in a research note on Tuesday, September 3rd. Finally, TheStreet raised shares of Stellus Capital Investment from a “c+” rating to a “b” rating in a report on Wednesday, June 5th.

NYSE SCM traded up $0.12 during trading on Friday, hitting $13.50. 90,500 shares of the company’s stock traded hands, compared to its average volume of 117,485. The stock has a market capitalization of $253.77 million, a price-to-earnings ratio of 9.51 and a beta of 0.69. Stellus Capital Investment has a 12-month low of $11.65 and a 12-month high of $15.30. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.28 and a current ratio of 0.28. The business has a 50 day moving average of $13.61 and a 200-day moving average of $14.02.

Stellus Capital Investment (NYSE:SCM) last issued its earnings results on Friday, August 9th. The investment management company reported $0.29 earnings per share for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.03). The business had revenue of $14.17 million for the quarter, compared to the consensus estimate of $14.16 million. Stellus Capital Investment had a return on equity of 9.79% and a net margin of 47.43%. On average, analysts expect that Stellus Capital Investment will post 1.26 EPS for the current year.

The business also recently disclosed a dividend, which will be paid on Friday, September 13th. Investors of record on Friday, August 30th will be paid a dividend of $0.113 per share. The ex-dividend date of this dividend is Thursday, August 29th. Stellus Capital Investment’s payout ratio is 95.77%.

Institutional investors and hedge funds have recently modified their holdings of the stock. Virtus ETF Advisers LLC bought a new position in Stellus Capital Investment in the 2nd quarter worth about $3,481,000. Raymond James & Associates boosted its position in shares of Stellus Capital Investment by 88.5% in the first quarter. Raymond James & Associates now owns 182,641 shares of the investment management company’s stock valued at $2,584,000 after acquiring an additional 85,763 shares during the period. Acadian Asset Management LLC boosted its position in shares of Stellus Capital Investment by 205.0% in the second quarter. Acadian Asset Management LLC now owns 95,540 shares of the investment management company’s stock valued at $1,321,000 after acquiring an additional 64,217 shares during the period. Raymond James Financial Services Advisors Inc. bought a new position in shares of Stellus Capital Investment in the first quarter valued at approximately $816,000. Finally, Algert Global LLC purchased a new position in Stellus Capital Investment during the first quarter valued at approximately $308,000. 18.00% 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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