Stellus Capital Investment Co. (NYSE:SCM) was the target of a large growth in short interest in April. As of April 15th, there was short interest totalling 129,600 shares, a growth of 30.3% from the March 31st total of 99,500 shares. Based on an average trading volume of 76,900 shares, the short-interest ratio is currently 1.7 days. Currently, 0.7% of the shares of the stock are short sold.
Several research firms recently issued reports on SCM. Raymond James increased their price target on shares of Stellus Capital Investment from $12.00 to $14.00 and gave the stock an “outperform” rating in a research report on Monday, March 15th. Zacks Investment Research upgraded shares of Stellus Capital Investment from a “hold” rating to a “buy” rating and set a $14.00 target price on the stock in a research report on Wednesday, March 10th. One analyst has rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $12.00.
Shares of NYSE SCM opened at $13.12 on Wednesday. Stellus Capital Investment has a twelve month low of $6.01 and a twelve month high of $13.75. The firm has a fifty day simple moving average of $13.06 and a 200 day simple moving average of $11.25. The company has a market capitalization of $255.66 million, a PE ratio of 52.48 and a beta of 1.41. The company has a quick ratio of 0.22, a current ratio of 0.22 and a debt-to-equity ratio of 0.80.
Stellus Capital Investment (NYSE:SCM) last announced its earnings results on Thursday, March 4th. The investment management company reported $0.26 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.26. Stellus Capital Investment had a net margin of 8.91% and a return on equity of 9.70%. The business had revenue of $13.54 million during the quarter, compared to the consensus estimate of $13.78 million. As a group, equities analysts expect that Stellus Capital Investment will post 1.13 earnings per share for the current fiscal year.
The business also recently declared a monthly dividend, which will be paid on Friday, May 14th. Shareholders of record on Friday, April 30th will be paid a $0.0833 dividend. This represents a $1.00 annualized dividend and a yield of 7.62%. The ex-dividend date of this dividend is Thursday, April 29th. Stellus Capital Investment’s dividend payout ratio (DPR) is currently 81.30%.
Several hedge funds and other institutional investors have recently modified their holdings of the company. Great West Life Assurance Co. Can boosted its holdings in Stellus Capital Investment by 38.2% during the third quarter. Great West Life Assurance Co. Can now owns 9,090 shares of the investment management company’s stock worth $79,000 after purchasing an additional 2,511 shares during the last quarter. BlackRock Inc. boosted its stake in Stellus Capital Investment by 2.6% in the fourth quarter. BlackRock Inc. now owns 146,548 shares of the investment management company’s stock valued at $1,594,000 after acquiring an additional 3,756 shares during the last quarter. Sowell Financial Services LLC purchased a new position in Stellus Capital Investment in the fourth quarter valued at about $152,000. Ares Management LLC boosted its stake in Stellus Capital Investment by 595.4% in the fourth quarter. Ares Management LLC now owns 530,470 shares of the investment management company’s stock valued at $5,772,000 after acquiring an additional 454,187 shares during the last quarter. Finally, Advisory Services Network LLC boosted its stake in Stellus Capital Investment by 1,833.2% in the fourth quarter. Advisory Services Network LLC now owns 15,330 shares of the investment management company’s stock valued at $167,000 after acquiring an additional 14,537 shares during the last quarter. Hedge funds and other institutional investors own 15.64% 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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