Stellus Capital Investment Corporation (NYSE:SCM - Get Free Report) shares crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $13.79 and traded as high as $13.85. Stellus Capital Investment shares last traded at $13.75, with a volume of 87,096 shares changing hands.
Analyst Upgrades and Downgrades
A number of research firms recently weighed in on SCM. Keefe, Bruyette & Woods dropped their price target on shares of Stellus Capital Investment from $13.50 to $13.00 and set a "market perform" rating on the stock in a research report on Tuesday, April 8th. Wall Street Zen lowered shares of Stellus Capital Investment from a "hold" rating to a "sell" rating in a research report on Thursday, May 22nd.
Get Our Latest Research Report on Stellus Capital Investment
Stellus Capital Investment Trading Down 0.1%
The company has a debt-to-equity ratio of 1.09, a current ratio of 0.08 and a quick ratio of 0.08. The stock has a market capitalization of $390.78 million, a PE ratio of 9.55 and a beta of 0.87. The stock's 50 day simple moving average is $13.30 and its two-hundred day simple moving average is $13.79.
Stellus Capital Investment (NYSE:SCM - Get Free Report) last released its earnings results on Monday, May 12th. The investment management company reported $0.37 earnings per share for the quarter, meeting analysts' consensus estimates of $0.37. The firm had revenue of $24.95 million for the quarter, compared to analysts' expectations of $26.76 million. Stellus Capital Investment had a net margin of 36.35% and a return on equity of 11.93%. On average, sell-side analysts expect that Stellus Capital Investment Corporation will post 1.74 EPS for the current year.
Stellus Capital Investment Announces Dividend
The business also recently announced a dividend, which was paid on Friday, June 13th. Shareholders of record on Monday, June 2nd were paid a $0.1333 dividend. This represents a yield of 11.99%. The ex-dividend date of this dividend was Friday, May 30th. Stellus Capital Investment's payout ratio is 111.11%.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Raymond James Financial Inc. boosted its stake in Stellus Capital Investment by 2.9% in the first quarter. Raymond James Financial Inc. now owns 248,953 shares of the investment management company's stock valued at $3,485,000 after acquiring an additional 7,103 shares during the last quarter. Ethos Financial Group LLC purchased a new stake in shares of Stellus Capital Investment during the 1st quarter valued at approximately $2,694,000. Condor Capital Management lifted its stake in shares of Stellus Capital Investment by 4.1% during the 1st quarter. Condor Capital Management now owns 191,392 shares of the investment management company's stock valued at $2,679,000 after buying an additional 7,614 shares in the last quarter. Legal & General Group Plc lifted its stake in shares of Stellus Capital Investment by 0.9% during 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 buying an additional 1,527 shares in the last quarter. Finally, Corient Private Wealth LLC lifted its stake in shares of Stellus Capital Investment by 48.3% during the 4th quarter. Corient Private Wealth LLC now owns 171,467 shares of the investment management company's stock valued at $2,359,000 after buying an additional 55,841 shares in the last quarter. 13.22% of the stock is currently owned by hedge funds and other institutional investors.
Stellus Capital Investment Company Profile
(
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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.
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