Stellus Capital Investment (NYSE:SCM) Cut to "Sell" at Wall Street Zen

Wall Street Zen downgraded shares of Stellus Capital Investment (NYSE:SCM - Free Report) from a hold rating to a sell rating in a research note published on Thursday.

Separately, Keefe, Bruyette & Woods decreased their target price on Stellus Capital Investment from $13.50 to $13.00 and set a "market perform" rating for the company in a research note on Tuesday, April 8th.

Stellus Capital Investment Trading Up 0.9%

NYSE SCM traded up $0.12 on Thursday, reaching $13.46. The company had a trading volume of 45,805 shares, compared to its average volume of 162,247. The stock's 50 day moving average is $13.16 and its 200-day moving average is $13.84. The stock has a market cap of $382.48 million, a price-to-earnings ratio of 6.86 and a beta of 0.86. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 1.15. Stellus Capital Investment has a 52 week low of $11.19 and a 52 week high of $15.56.

Stellus Capital Investment (NYSE:SCM - Get Free Report) last released its quarterly earnings data on Monday, May 12th. The investment management company reported $0.37 EPS for the quarter, meeting analysts' consensus estimates of $0.37. Stellus Capital Investment had a return on equity of 13.49% and a net margin of 45.39%. The business had revenue of $24.95 million during the quarter, compared to the consensus estimate of $26.76 million. Equities analysts predict that Stellus Capital Investment will post 1.74 earnings per share for the current year.

Stellus Capital Investment Dividend Announcement

The firm also recently announced a dividend, which will be paid on Friday, June 13th. Shareholders of record on Monday, June 2nd will be paid a $0.1333 dividend. The ex-dividend date is Friday, May 30th. This represents a yield of 11.99%. Stellus Capital Investment's payout ratio is 111.11%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Chilton Capital Management LLC boosted its position in shares of Stellus Capital Investment by 10.6% during the first quarter. Chilton Capital Management LLC now owns 8,409 shares of the investment management company's stock worth $118,000 after buying an additional 809 shares during the period. XTX Topco Ltd acquired a new position in shares of Stellus Capital Investment during the first quarter worth about $150,000. Quantbot Technologies LP acquired a new position in shares of Stellus Capital Investment during the first quarter worth about $155,000. Jane Street Group LLC bought a new stake in Stellus Capital Investment during the first quarter worth about $157,000. Finally, JPMorgan Chase & Co. raised its holdings in Stellus Capital Investment by 70.8% during the third quarter. JPMorgan Chase & Co. now owns 14,949 shares of the investment management company's stock worth $205,000 after acquiring an additional 6,197 shares in the last quarter. 13.22% of the stock is 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 prefers to invest in US and Canada.