Stellus Capital Investment (NYSE:SCM) Share Price Crosses Above 200-Day Moving Average - Here's What Happened

Stellus Capital Investment Corporation (NYSE:SCM - Get Free Report) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $13.91 and traded as high as $15.05. Stellus Capital Investment shares last traded at $14.93, with a volume of 187,758 shares.

Analyst Ratings Changes

A number of research firms have recently issued reports on SCM. Wall Street Zen upgraded shares of Stellus Capital Investment from a "sell" rating to a "hold" rating in a research note on Friday, June 27th. Keefe, Bruyette & Woods cut their target price on shares of 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.

Stellus Capital Investment Stock Up 0.5%

The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.08 and a current ratio of 0.08. The company has a market capitalization of $421.41 million, a P/E ratio of 10.30 and a beta of 0.88. The firm's fifty day moving average is $13.98 and its 200-day moving average is $13.94.

Stellus Capital Investment (NYSE:SCM - Get Free Report) last issued its quarterly earnings results on Monday, May 12th. The investment management company reported $0.37 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.37. Stellus Capital Investment had a net margin of 36.35% and a return on equity of 11.93%. The firm had revenue of $24.95 million for the quarter, compared to the consensus estimate of $26.76 million. As a group, equities research analysts predict that Stellus Capital Investment Corporation will post 1.74 EPS for the current year.

Stellus Capital Investment Dividend Announcement

The business also recently declared a -- dividend, which will be paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th will be given a dividend of $0.1333 per share. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a yield of 11.1%. Stellus Capital Investment's payout ratio is currently 111.11%.

Hedge Funds Weigh In On Stellus Capital Investment

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Ameritas Advisory Services LLC bought a new position in Stellus Capital Investment during the second quarter worth about $34,000. Chilton Capital Management LLC lifted its holdings in shares of Stellus Capital Investment by 10.6% in the first quarter. Chilton Capital Management LLC now owns 8,409 shares of the investment management company's stock worth $118,000 after buying an additional 809 shares in the last quarter. XTX Topco Ltd purchased a new stake in shares of Stellus Capital Investment in the first quarter worth about $150,000. Quantbot Technologies LP purchased a new stake in shares of Stellus Capital Investment in the first quarter worth about $155,000. Finally, Jane Street Group LLC purchased a new stake in shares of Stellus Capital Investment in the first quarter worth about $157,000. Institutional investors own 13.22% of the company's stock.

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.