Stellus Capital Investment (NYSE:SCM) Upgraded by Zacks Investment Research to “Buy”

Zacks Investment Research upgraded shares of Stellus Capital Investment (NYSE:SCM) from a hold rating to a buy rating in a report issued on Friday morning, Zacks.com reports. Zacks Investment Research currently has $15.00 target price on the investment management company’s stock.

According to Zacks, “Stellus Capital Investment Corporation is a closed-end, non-diversified management investment company. The Company’s investment objective is to maximize the total return to its stockholders in the form of current income and capital appreciation by investing primarily in private middle-market companies. “

Shares of NYSE SCM opened at $13.01 on Friday. Stellus Capital Investment has a 1-year low of $7.90 and a 1-year high of $13.75. The business’s 50 day moving average is $13.11 and its two-hundred day moving average is $13.03. The stock has a market capitalization of $253.51 million, a P/E ratio of 7.27 and a beta of 1.38. The company has a debt-to-equity ratio of 1.19, a current ratio of 0.11 and a quick ratio of 0.11.

Stellus Capital Investment (NYSE:SCM) last issued its quarterly earnings data on Sunday, August 1st. The investment management company reported $0.28 EPS for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.01). Stellus Capital Investment had a return on equity of 8.13% and a net margin of 61.55%. As a group, equities research analysts anticipate that Stellus Capital Investment will post 1.17 earnings per share for the current fiscal year.

The firm also recently disclosed a monthly dividend, which will be paid on Friday, December 31st. Shareholders of record on Thursday, December 16th will be issued a $0.0933 dividend. The ex-dividend date is Wednesday, December 15th. This represents a $1.12 dividend on an annualized basis and a yield of 8.61%. Stellus Capital Investment’s payout ratio is 95.58%.

A number of large investors have recently made changes to their positions in the stock. Credit Agricole S A boosted its holdings in Stellus Capital Investment by 100.0% during the first quarter. Credit Agricole S A now owns 2,000 shares of the investment management company’s stock worth $25,000 after buying an additional 1,000 shares in the last quarter. Montag A & Associates Inc. bought a new position in Stellus Capital Investment during the 1st quarter valued at $52,000. National Asset Management Inc. acquired a new stake in shares of Stellus Capital Investment in the 2nd quarter worth about $149,000. Advisor Group Holdings Inc. increased its holdings in shares of Stellus Capital Investment by 15.3% in the 2nd quarter. Advisor Group Holdings Inc. now owns 14,642 shares of the investment management company’s stock worth $183,000 after acquiring an additional 1,945 shares during the period. Finally, Virtus ETF Advisers LLC boosted its position in shares of Stellus Capital Investment by 12.5% during the 1st quarter. Virtus ETF Advisers LLC now owns 20,469 shares of the investment management company’s stock valued at $260,000 after purchasing an additional 2,269 shares in the last quarter. Hedge funds and other institutional investors own 19.33% of the company’s stock.

Stellus Capital Investment Company Profile

Stellus Capital Investment Corp. is an externally managed, closed-end, non-diversified management investment company. Its investment objective is to maximize the total return to stockholders in the form of current income and capital appreciation. The company was founded on May 18, 2012 and is headquartered in Houston, TX.

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