Stellus Capital Investment (NYSE:SCM) Share Price Passes Above 200 Day Moving Average - Should You Sell?

Stellus Capital Investment Co. (NYSE:SCM - Get Free Report) shares crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $13.80 and traded as high as $13.80. Stellus Capital Investment shares last traded at $13.54, with a volume of 196,062 shares changing hands.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Keefe, Bruyette & Woods dropped their price objective on shares of Stellus Capital Investment from $13.50 to $13.00 and set a "market perform" rating on the stock in a research note on Tuesday, April 8th. Wall Street Zen lowered shares of Stellus Capital Investment from a "hold" rating to a "sell" rating in a research note on Thursday, May 22nd.

Stellus Capital Investment Price Performance

The company has a market cap of $388.84 million, a PE ratio of 6.98 and a beta of 0.87. The business's 50 day moving average price is $13.04 and its 200-day moving average price is $13.80. 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 released its quarterly earnings results on Monday, May 12th. The investment management company reported $0.37 earnings per share for the quarter, hitting analysts' consensus estimates of $0.37. Stellus Capital Investment had a net margin of 45.39% and a return on equity of 13.49%. The business had revenue of $24.95 million during the quarter, compared to the consensus estimate of $26.76 million. As a group, analysts forecast that Stellus Capital Investment Co. will post 1.74 earnings per share for the current year.

Stellus Capital Investment Dividend Announcement

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

Institutional Trading of Stellus Capital Investment

A number of hedge funds have recently made changes to their positions in the stock. Jane Street Group LLC acquired a new stake in shares of Stellus Capital Investment during the first quarter worth approximately $157,000. Advisors Asset Management Inc. boosted its holdings in Stellus Capital Investment by 10.4% in the first quarter. Advisors Asset Management Inc. now owns 131,283 shares of the investment management company's stock worth $1,838,000 after purchasing an additional 12,320 shares during the period. Royal Bank of Canada boosted its holdings in Stellus Capital Investment by 15.8% in the first quarter. Royal Bank of Canada now owns 27,882 shares of the investment management company's stock worth $390,000 after purchasing an additional 3,808 shares during the period. Quantbot Technologies LP acquired a new position in Stellus Capital Investment in the first quarter worth $155,000. Finally, Ethos Financial Group LLC acquired a new position in Stellus Capital Investment in the first quarter worth $2,694,000. Institutional investors and hedge funds own 13.22% of the company's stock.

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.