Stellus Capital Investment (NYSE:SCM) Stock Rating Lowered by Wall Street Zen

Key Points

• Stellus Capital Investment (NYSE:SCM) was downgraded by Wall Street Zen from a "hold" rating to a "sell" rating, signaling a negative outlook for the stock.
• Despite the downgrade, Weiss Ratings reaffirmed a "buy (b)" rating for Stellus Capital Investment, with a consensus price target of $13.00.
• The stock recently opened at $12.05, with a 12-month high of $15.56 and a market capitalization of $342.46 million.

Stellus Capital Investment (NYSE:SCM - Get Free Report) was downgraded by Wall Street Zen from a "hold" rating to a "sell" rating in a research report issued to clients and investors on Saturday.

Separately, Weiss Ratings reaffirmed a "buy (b)" rating on shares of Stellus Capital Investment in a report on Saturday, September 27th. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, Stellus Capital Investment presently has a consensus rating of "Moderate Buy" and a consensus price target of $13.00.

Stellus Capital Investment Stock Up 0.3%

Shares of NYSE SCM opened at $12.05 on Friday. Stellus Capital Investment has a 12-month low of $11.19 and a 12-month high of $15.56. The company has a market capitalization of $342.46 million, a PE ratio of 8.31 and a beta of 0.90. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.28 and a quick ratio of 0.28. The firm's 50-day moving average is $13.99 and its two-hundred day moving average is $13.73.

Stellus Capital Investment (NYSE:SCM - Get Free Report) last announced its quarterly earnings results on Tuesday, December 14th. The investment management company reported $0.31 earnings per share (EPS) for the quarter. Stellus Capital Investment had a net margin of 38.24% and a return on equity of 11.06%. The company had revenue of $27.03 million for the quarter. Equities analysts anticipate that Stellus Capital Investment will post 1.74 EPS for the current fiscal year.

Hedge Funds Weigh In On Stellus Capital Investment

Institutional investors have recently modified their holdings of the company. Corient Private Wealth LLC increased its position in Stellus Capital Investment by 138.9% during the second quarter. Corient Private Wealth LLC now owns 507,526 shares of the investment management company's stock worth $7,075,000 after purchasing an additional 295,068 shares during the last quarter. Raymond James Financial Inc. increased its position in Stellus Capital Investment by 2.9% during the first quarter. Raymond James Financial Inc. now owns 248,953 shares of the investment management company's stock worth $3,485,000 after purchasing an additional 7,103 shares during the last quarter. Condor Capital Management increased its position in Stellus Capital Investment by 3.2% during the second quarter. Condor Capital Management now owns 197,552 shares of the investment management company's stock worth $2,754,000 after purchasing an additional 6,160 shares during the last quarter. Ethos Financial Group LLC increased its position in Stellus Capital Investment by 2.4% during the second quarter. Ethos Financial Group LLC now owns 197,095 shares of the investment management company's stock worth $2,748,000 after purchasing an additional 4,633 shares during the last quarter. Finally, Legal & General Group Plc increased its position in Stellus Capital Investment by 3.0% during the second quarter. Legal & General Group Plc now owns 184,006 shares of the investment management company's stock worth $2,565,000 after purchasing an additional 5,417 shares during the last quarter. Institutional investors and hedge funds 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.

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