Zacks Research Upgrades Stellus Capital Investment (NYSE:SCM) to “Hold”

Stellus Capital Investment (NYSE:SCM) was upgraded by investment analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research report issued on Thursday,Zacks.com reports.

Other research analysts also recently issued research reports about the stock. Wall Street Zen downgraded shares of Stellus Capital Investment from a “hold” rating to a “sell” rating in a research note on Sunday, November 9th. Weiss Ratings lowered Stellus Capital Investment from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, October 30th. Three equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $13.00.

Stellus Capital Investment Trading Up 0.2%

Shares of SCM traded up $0.02 during mid-day trading on Thursday, reaching $12.01. 221,989 shares of the company’s stock traded hands, compared to its average volume of 202,552. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.10 and a quick ratio of 0.28. The stock’s 50-day moving average is $12.76 and its two-hundred day moving average is $13.58. Stellus Capital Investment has a 12 month low of $11.19 and a 12 month high of $15.56. The stock has a market cap of $347.65 million, a P/E ratio of 11.02 and a beta of 0.88.

Stellus Capital Investment (NYSE:SCM) last posted its quarterly earnings data on Tuesday, December 14th. The investment management company reported $0.31 earnings per share (EPS) for the quarter. Stellus Capital Investment had a return on equity of 10.72% and a net margin of 29.77%.The company had revenue of $27.03 million during the quarter. Research analysts forecast that Stellus Capital Investment will post 1.74 earnings per share for the current fiscal year.

Institutional Trading of Stellus Capital Investment

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Geneos Wealth Management Inc. purchased a new position in shares of Stellus Capital Investment in the 2nd quarter worth approximately $25,000. JPMorgan Chase & Co. purchased a new position in Stellus Capital Investment in the third quarter worth $28,000. Ameritas Advisory Services LLC acquired a new position in shares of Stellus Capital Investment during the second quarter worth $34,000. BNP Paribas Financial Markets purchased a new stake in shares of Stellus Capital Investment during the 2nd quarter valued at $60,000. Finally, XTX Topco Ltd acquired a new stake in shares of Stellus Capital Investment in the 1st quarter worth $150,000. Institutional investors own 13.22% of the company’s stock.

Stellus Capital Investment Company Profile

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.