Wall Street Zen upgraded shares of Stellus Capital Investment (NYSE:SCM - Free Report) from a sell rating to a hold rating in a report issued on Saturday.
Stellus Capital Investment Price Performance
Stellus Capital Investment stock traded down $0.02 during trading on Friday, reaching $14.76. The company had a trading volume of 46,344 shares, compared to its average volume of 165,471. The firm's 50-day simple moving average is $14.22 and its 200 day simple moving average is $13.95. Stellus Capital Investment has a 1-year low of $11.19 and a 1-year high of $15.56. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.28 and a current ratio of 0.28. The firm has a market capitalization of $419.28 million, a PE ratio of 10.18 and a beta of 0.86.
Stellus Capital Investment (NYSE:SCM - Get Free Report) last released its quarterly earnings data on Wednesday, August 6th. The investment management company reported $0.35 earnings per share for the quarter, hitting analysts' consensus estimates of $0.35. The company had revenue of $25.70 million for the quarter, compared to analyst estimates of $26.15 million. Stellus Capital Investment had a return on equity of 11.06% and a net margin of 38.24%. As a group, equities research analysts anticipate that Stellus Capital Investment will post 1.74 earnings per share for the current fiscal year.
Stellus Capital Investment Dividend Announcement
The company also recently announced a -- dividend, which will be paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th will be paid a dividend of $0.1333 per share. The ex-dividend date is Tuesday, September 30th. This represents a dividend yield of 1,110.0%. Stellus Capital Investment's payout ratio is presently 110.34%.
Hedge Funds Weigh In On Stellus Capital Investment
A number of institutional investors and hedge funds have recently modified their holdings of SCM. Ameritas Advisory Services LLC acquired a new stake in Stellus Capital Investment during the 2nd quarter worth $34,000. Chilton Capital Management LLC raised its stake in Stellus Capital Investment by 10.6% during the 1st quarter. Chilton Capital Management LLC now owns 8,409 shares of the investment management company's stock worth $118,000 after acquiring an additional 809 shares in the last quarter. XTX Topco Ltd acquired a new stake in Stellus Capital Investment during the 1st quarter worth $150,000. Quantbot Technologies LP acquired a new stake in Stellus Capital Investment during the 1st quarter worth $155,000. Finally, Jane Street Group LLC acquired a new stake in Stellus Capital Investment during the 1st quarter worth $157,000. 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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