Stellus Capital Investment (NYSE:SCM) Shares Pass Above 200-Day Moving Average - Should You Sell?

Shares of Stellus Capital Investment Corporation (NYSE:SCM - Get Free Report) 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.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. Wall Street Zen raised Stellus Capital Investment from a "sell" rating to a "hold" rating in a research note on Friday. Keefe, Bruyette & Woods reduced their price objective on Stellus Capital Investment from $13.50 to $13.00 and set a "market perform" rating on the stock in a report on Tuesday, April 8th.

Stellus Capital Investment Price Performance

The firm has a fifty day simple moving average of $13.35 and a 200 day simple moving average of $13.80. The company has a market capitalization of $397.82 million, a PE ratio of 9.72 and a beta of 0.87. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.08 and a current ratio of 0.08.

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, hitting the consensus estimate of $0.37. The company had revenue of $24.95 million for the quarter, compared to the consensus estimate of $26.76 million. Stellus Capital Investment had a return on equity of 11.93% and a net margin of 36.35%. Equities analysts anticipate that Stellus Capital Investment Corporation will post 1.74 EPS for the current year.

Stellus Capital Investment Dividend Announcement

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Chilton Capital Management LLC increased its holdings in shares of Stellus Capital Investment by 10.6% in the 1st quarter. Chilton Capital Management LLC now owns 8,409 shares of the investment management company's stock valued at $118,000 after acquiring an additional 809 shares during the period. XTX Topco Ltd purchased a new position in shares of Stellus Capital Investment in the 1st quarter valued at $150,000. Quantbot Technologies LP purchased a new position in shares of Stellus Capital Investment in the 1st quarter valued at $155,000. Jane Street Group LLC purchased a new position in shares of Stellus Capital Investment in the 1st quarter valued at $157,000. Finally, Oppenheimer & Co. Inc. increased its holdings in shares of Stellus Capital Investment by 27.7% in the 1st quarter. Oppenheimer & Co. Inc. now owns 15,440 shares of the investment management company's stock valued at $216,000 after acquiring an additional 3,352 shares during the period. 13.22% of the stock is currently owned by hedge funds and other institutional investors.

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.