Stellus Capital Investment Corporation (NYSE:SCM - Get Free Report)'s stock price passed below its two hundred day moving average during trading on Thursday. The stock has a two hundred day moving average of $8.61 and traded as low as $7.04. Stellus Capital Investment shares last traded at $7.2250, with a volume of 83,826 shares trading hands.
Analyst Upgrades and Downgrades
Several research analysts have commented on SCM shares. Weiss Ratings upgraded Stellus Capital Investment from a "sell (d+)" rating to a "hold (c-)" rating in a research note on Tuesday, August 11th. Keefe, Bruyette & Woods reduced their price objective on shares of Stellus Capital Investment from $9.00 to $8.00 and set a "market perform" rating for the company in a research note on Monday, July 20th. Finally, LADENBURG THALM/SH SH decreased their target price on shares of Stellus Capital Investment from $11.00 to $10.50 and set a "buy" rating on the stock in a report on Wednesday, August 12th. One investment analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $9.25.
Check Out Our Latest Stock Report on Stellus Capital Investment
Stellus Capital Investment Price Performance
The firm has a market capitalization of $205.77 million, a P/E ratio of 7.08 and a beta of 0.71. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.06 and a current ratio of 0.06. The business has a 50 day simple moving average of $8.19 and a two-hundred day simple moving average of $8.61.
Stellus Capital Investment (NYSE:SCM - Get Free Report) last released its quarterly earnings results on Monday, August 10th. The investment management company reported $0.26 earnings per share for the quarter, meeting the consensus estimate of $0.26. Stellus Capital Investment had a return on equity of 9.09% and a net margin of 30.66%.The firm had revenue of $30.98 million for the quarter, compared to analysts' expectations of $24.38 million. On average, sell-side analysts expect that Stellus Capital Investment Corporation will post 1.05 EPS for the current fiscal year.
Stellus Capital Investment Dividend Announcement
The business also recently announced a monthly dividend, which will be paid on Thursday, October 15th. Investors of record on Wednesday, September 30th will be paid a $0.0833 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 13.8%. The ex-dividend date of this dividend is Wednesday, September 30th. Stellus Capital Investment's dividend payout ratio (DPR) is currently 98.04%.
Hedge Funds Weigh In On Stellus Capital Investment
Institutional investors have recently made changes to their positions in the stock. Corient Private Wealth LLC lifted its holdings in shares of Stellus Capital Investment by 2.6% during the 4th quarter. Corient Private Wealth LLC now owns 281,166 shares of the investment management company's stock worth $3,565,000 after acquiring an additional 7,066 shares during the last quarter. Corient Private Wealth LP bought a new position in Stellus Capital Investment in the second quarter valued at $2,398,000. Legal & General Group Plc bought a new position in Stellus Capital Investment in the second quarter valued at $2,009,000. Sunbelt Securities Inc. increased its stake in Stellus Capital Investment by 5.8% in the fourth quarter. Sunbelt Securities Inc. now owns 154,573 shares of the investment management company's stock valued at $1,960,000 after acquiring an additional 8,440 shares during the last quarter. Finally, BlackRock Inc. purchased a new stake in Stellus Capital Investment during the second quarter valued at about $922,000. Institutional investors own 13.22% of the company's stock.
About Stellus Capital Investment
(
Get Free Report)
Stellus Capital Investment Corporation is a business development company (BDC) that provides financing to privately owned, middle-market companies. The company seeks to generate income and long-term capital appreciation primarily through investments in debt securities and, to a lesser extent, equity interests.
Its portfolio may include senior secured loans, unitranche debt, subordinated debt and other structured investments. Stellus typically works with companies that require capital for acquisitions, recapitalizations, growth initiatives, refinancings and other corporate purposes.
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