Stellus Capital Investment (NYSE:SCM) Rating Increased to Hold at Wall Street Zen

Wall Street Zen upgraded shares of Stellus Capital Investment (NYSE:SCM - Free Report) from a sell rating to a hold rating in a research note issued to investors on Friday.

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

Stellus Capital Investment Stock Down 0.1%

Stellus Capital Investment stock traded down $0.02 during midday trading on Friday, reaching $13.97. The company's stock had a trading volume of 108,151 shares, compared to its average volume of 156,349. Stellus Capital Investment has a fifty-two week low of $11.19 and a fifty-two week high of $15.56. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 1.09. The company has a market cap of $397.03 million, a P/E ratio of 9.70 and a beta of 0.87. The business has a 50-day simple moving average of $13.35 and a 200-day simple moving average of $13.80.

Stellus Capital Investment (NYSE:SCM - Get Free Report) last announced 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. The firm had revenue of $24.95 million during the quarter, compared to the consensus estimate of $26.76 million. Stellus Capital Investment had a net margin of 36.35% and a return on equity of 11.93%. On average, research analysts expect that Stellus Capital Investment will post 1.74 earnings per share for the current fiscal year.

Stellus Capital Investment Dividend Announcement

The business also recently disclosed a dividend, which was paid on Friday, June 13th. Stockholders of record on Monday, June 2nd were paid a dividend of $0.1333 per share. The ex-dividend date was Friday, May 30th. This represents a dividend yield of 11.99%. Stellus Capital Investment's dividend payout ratio is presently 111.11%.

Institutional Trading of Stellus Capital Investment

Institutional investors have recently made changes to their positions in the stock. Chilton Capital Management LLC boosted its position in Stellus Capital Investment by 10.6% during the 1st quarter. Chilton Capital Management LLC now owns 8,409 shares of the investment management company's stock worth $118,000 after purchasing an additional 809 shares during the period. Legal & General Group Plc raised its stake in shares of Stellus Capital Investment by 0.9% in the 4th quarter. Legal & General Group Plc now owns 173,702 shares of the investment management company's stock valued at $2,393,000 after purchasing an additional 1,527 shares in the last quarter. Condor Capital Management raised its stake in shares of Stellus Capital Investment by 1.5% in the 4th quarter. Condor Capital Management now owns 183,778 shares of the investment management company's stock valued at $2,529,000 after purchasing an additional 2,664 shares in the last quarter. Sunbelt Securities Inc. grew its position in shares of Stellus Capital Investment by 10.1% during the 1st quarter. Sunbelt Securities Inc. now owns 32,803 shares of the investment management company's stock valued at $459,000 after buying an additional 3,022 shares during the last quarter. Finally, Oppenheimer & Co. Inc. grew its position in shares of Stellus Capital Investment by 27.7% during the 1st quarter. Oppenheimer & Co. Inc. now owns 15,440 shares of the investment management company's stock valued at $216,000 after buying an additional 3,352 shares during the last quarter. 13.22% of the stock is owned by hedge funds and other institutional investors.

About Stellus Capital Investment

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.