Stellus Capital Investment Co. (NYSE:SCM - Get Free Report) shares crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $13.85 and traded as low as $13.36. Stellus Capital Investment shares last traded at $13.62, with a volume of 125,427 shares traded.
Analyst Upgrades and Downgrades
Several equities research analysts have recently weighed in on the company. Keefe, Bruyette & Woods reduced 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 note on Tuesday, April 8th. Wall Street Zen lowered Stellus Capital Investment from a "hold" rating to a "sell" rating in a research note on Thursday.
Read Our Latest Research Report on SCM
Stellus Capital Investment Trading Up 0.6%
The firm has a market cap of $379.35 million, a price-to-earnings ratio of 6.81 and a beta of 0.86. The company has a 50-day moving average price of $13.18 and a 200 day moving average price of $13.84. 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 (NYSE:SCM - Get Free Report) last issued its earnings results on Monday, May 12th. The investment management company reported $0.37 EPS for the quarter, hitting the consensus estimate of $0.37. The business had revenue of $24.95 million during the quarter, compared to analysts' expectations of $26.76 million. Stellus Capital Investment had a return on equity of 13.49% and a net margin of 45.39%. As a group, research analysts anticipate that Stellus Capital Investment Co. will post 1.74 earnings per share for the current fiscal year.
Stellus Capital Investment Dividend Announcement
The company also recently disclosed a dividend, which will be paid on Friday, June 13th. Investors of record on Monday, June 2nd will be given a dividend of $0.1333 per share. 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 Trading of Stellus Capital Investment
A number of institutional investors have recently bought and sold shares of the company. Chilton Capital Management LLC boosted its position in 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 valued at $118,000 after purchasing an additional 809 shares during the last quarter. PFG Investments LLC boosted its position in Stellus Capital Investment by 2.2% during the fourth quarter. PFG Investments LLC now owns 64,339 shares of the investment management company's stock valued at $885,000 after purchasing an additional 1,385 shares during the last quarter. Legal & General Group Plc boosted its position in Stellus Capital Investment by 0.9% during the fourth 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 during the last quarter. Condor Capital Management boosted its position in Stellus Capital Investment by 1.5% during the fourth 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 during the last quarter. Finally, Sunbelt Securities Inc. boosted its position in Stellus Capital Investment by 10.1% during the first quarter. Sunbelt Securities Inc. now owns 32,803 shares of the investment management company's stock valued at $459,000 after purchasing an additional 3,022 shares during the last quarter. Institutional investors and hedge funds own 13.22% of the company's stock.
About Stellus Capital Investment
(
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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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