Stellus Capital Investment (NYSE:SCM) Rating Lowered to “Sell” at Wall Street Zen

Wall Street Zen cut shares of Stellus Capital Investment (NYSE:SCM) from a hold rating to a sell rating in a report issued on Thursday morning.

Separately, Keefe, Bruyette & Woods dropped their price target on Stellus Capital Investment from $13.50 to $13.00 and set a “market perform” rating on the stock in a research report on Tuesday, April 8th.

Stellus Capital Investment Stock Up 0.6%

Shares of Stellus Capital Investment stock opened at $13.35 on Thursday. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 1.15. The business’s 50 day simple moving average is $13.18 and its 200-day simple moving average is $13.84. The stock has a market capitalization of $379.35 million, a price-to-earnings ratio of 6.81 and a beta of 0.86. Stellus Capital Investment has a twelve month low of $11.19 and a twelve month high of $15.56.

Stellus Capital Investment (NYSE:SCM) last announced 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. The business had revenue of $24.95 million for the quarter, compared to analysts’ expectations of $26.76 million. Stellus Capital Investment had a return on equity of 13.49% and a net margin of 45.39%. Equities research analysts forecast that Stellus Capital Investment will post 1.74 earnings per share for the current year.

Stellus Capital Investment Dividend Announcement

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

Institutional Trading of Stellus Capital Investment

Several large investors have recently added to or reduced their stakes in the business. Raymond James Financial Inc. increased its position in Stellus Capital Investment by 2.9% in the 1st quarter. Raymond James Financial Inc. now owns 248,953 shares of the investment management company’s stock valued at $3,485,000 after acquiring an additional 7,103 shares during the period. Ethos Financial Group LLC acquired a new stake in Stellus Capital Investment in the 1st quarter valued at approximately $2,694,000. Condor Capital Management increased its position in Stellus Capital Investment by 4.1% in the 1st quarter. Condor Capital Management now owns 191,392 shares of the investment management company’s stock valued at $2,679,000 after acquiring an additional 7,614 shares during the period. Legal & General Group Plc increased its position in Stellus Capital Investment by 0.9% in the 4th quarter. Legal & General Group Plc now owns 173,702 shares of the investment management company’s stock valued at $2,393,000 after acquiring an additional 1,527 shares during the period. Finally, Corient Private Wealth LLC increased its position in Stellus Capital Investment by 48.3% in the 4th quarter. Corient Private Wealth LLC now owns 171,467 shares of the investment management company’s stock valued at $2,359,000 after acquiring an additional 55,841 shares during the period. 13.22% of the stock is currently owned by institutional investors and hedge funds.

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.