Stellus Capital Investment's (SCM) Buy (B-) Rating Reiterated at Weiss Ratings

Key Points

• Stellus Capital Investment's stock has had its "buy (B-)" rating reaffirmed by Weiss Ratings, maintaining a consensus rating of "Moderate Buy" with a price target of $13.00.
• In contrast, Wall Street Zen has downgraded Stellus Capital from a "hold" rating to a "sell" rating, reflecting mixed outlooks among analysts.
• Institutional investors have been actively adjusting their positions, with notable increases from Chilton Capital Management and Canada Life Assurance Co., evidencing ongoing interest in the stock.

Stellus Capital Investment (NYSE:SCM - Get Free Report)'s stock had its "buy (b-)" rating reaffirmed by research analysts at Weiss Ratings in a note issued to investors on Tuesday,Weiss Ratings reports.

Separately, Wall Street Zen cut shares of Stellus Capital Investment from a "hold" rating to a "sell" rating in a report on Saturday. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, Stellus Capital Investment presently has a consensus rating of "Moderate Buy" and a consensus price target of $13.00.

Stellus Capital Investment Trading Up 0.9%

SCM stock traded up $0.12 during trading on Tuesday, hitting $12.34. The company had a trading volume of 112,799 shares, compared to its average volume of 173,634. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 1.27. Stellus Capital Investment has a 52-week low of $11.19 and a 52-week high of $15.56. The company has a 50 day simple moving average of $13.96 and a 200-day simple moving average of $13.71. The firm has a market capitalization of $350.59 million, a P/E ratio of 8.53 and a beta of 0.90.

Stellus Capital Investment (NYSE:SCM - Get Free Report) last issued its 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. As a group, research analysts forecast that Stellus Capital Investment will post 1.74 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Stellus Capital Investment

Several institutional investors have recently made changes to their positions in SCM. Chilton Capital Management LLC increased its holdings in Stellus Capital Investment by 10.6% in 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. Geneos Wealth Management Inc. purchased a new stake in Stellus Capital Investment in the 2nd quarter worth $25,000. CANADA LIFE ASSURANCE Co boosted its stake in Stellus Capital Investment by 8.5% during the 2nd quarter. CANADA LIFE ASSURANCE Co now owns 26,769 shares of the investment management company's stock worth $373,000 after purchasing an additional 2,101 shares during the last quarter. Ameritas Advisory Services LLC acquired a new stake in Stellus Capital Investment during the 2nd quarter worth $34,000. Finally, Sunbelt Securities Inc. boosted its position in shares of Stellus Capital Investment by 10.1% during the 1st quarter. Sunbelt Securities Inc. now owns 32,803 shares of the investment management company's stock valued at $459,000 after acquiring an additional 3,022 shares during the last quarter. 13.22% of the stock is owned by hedge funds and other institutional investors.

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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