Keefe, Bruyette & Woods Cuts Stellus Capital Investment (NYSE:SCM) Price Target to $8.00

Stellus Capital Investment (NYSE:SCM) had its price objective lowered by Keefe, Bruyette & Woods from $9.00 to $8.00 in a research report report published on Monday morning,Benzinga reports. The brokerage currently has a market perform rating on the investment management company’s stock.

SCM has been the subject of a number of other research reports. Weiss Ratings raised shares of Stellus Capital Investment from a “sell (d+)” rating to a “hold (c-)” rating in a report on Friday, July 10th. Wall Street Zen raised shares of Stellus Capital Investment from a “sell” rating to a “hold” rating in a research note on Saturday, May 16th. Zacks Research upgraded shares of Stellus Capital Investment from a “strong sell” rating to a “hold” rating in a research report on Friday, May 15th. Finally, LADENBURG THALM/SH SH dropped their price objective on shares of Stellus Capital Investment from $12.00 to $11.00 and set a “buy” rating for the company in a research note on Wednesday, May 13th. One equities research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $9.50.

Stellus Capital Investment Stock Performance

Shares of NYSE:SCM opened at $7.16 on Monday. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.04 and a quick ratio of 0.04. The business’s 50 day moving average price is $8.56 and its 200-day moving average price is $9.94. The firm has a market capitalization of $207.20 million, a PE ratio of 8.73 and a beta of 0.64. Stellus Capital Investment has a 1 year low of $6.83 and a 1 year high of $15.15.

Stellus Capital Investment (NYSE:SCM) last posted its quarterly earnings data on Monday, May 11th. The investment management company reported $0.27 EPS for the quarter, meeting the consensus estimate of $0.27. The firm had revenue of $17.45 million during the quarter, compared to the consensus estimate of $24.80 million. Stellus Capital Investment had a return on equity of 9.69% and a net margin of 23.59%. As a group, equities research analysts expect that Stellus Capital Investment will post 1.06 earnings per share for the current fiscal year.

Stellus Capital Investment Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, October 15th. Investors of record on Wednesday, September 30th will be issued a $0.0833 dividend. The ex-dividend date is Wednesday, September 30th. This represents a c) dividend on an annualized basis and a dividend yield of 14.0%. Stellus Capital Investment’s payout ratio is 165.85%.

Insiders Place Their Bets

In other Stellus Capital Investment news, Director J Tim Arnoult bought 9,000 shares of Stellus Capital Investment stock in a transaction on Tuesday, May 19th. The shares were bought at an average cost of $9.05 per share, for a total transaction of $81,450.00. Following the acquisition, the director directly owned 50,869 shares in the company, valued at $460,364.45. This represents a 21.50% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Over the last quarter, insiders have purchased 10,700 shares of company stock worth $96,523. 4.24% of the stock is owned by corporate insiders.

Institutional Trading of Stellus Capital Investment

A number of large investors have recently modified their holdings of the stock. Doliver Advisors LP raised its stake in shares of Stellus Capital Investment by 452.9% in the second quarter. Doliver Advisors LP now owns 55,292 shares of the investment management company’s stock valued at $466,000 after acquiring an additional 45,292 shares in the last quarter. Sanders Morris Harris LLC acquired a new position in Stellus Capital Investment during the 2nd quarter worth $117,000. Sunbelt Securities Inc. grew its stake in Stellus Capital Investment by 31.5% during the 1st quarter. Sunbelt Securities Inc. now owns 203,190 shares of the investment management company’s stock worth $1,871,000 after purchasing an additional 48,617 shares in the last quarter. Gallagher Capital Advisors LLC purchased a new stake in Stellus Capital Investment during the 1st quarter worth about $313,000. Finally, PFG Investments LLC increased its holdings in Stellus Capital Investment by 7.2% during the 1st quarter. PFG Investments LLC now owns 74,661 shares of the investment management company’s stock worth $688,000 after purchasing an additional 5,016 shares during the period. Hedge funds and other institutional investors own 13.22% of the company’s stock.

Stellus Capital Investment Company Profile

Stellus Capital Investment Corporation (NYSE: SCM) is a closed-end, externally managed business development company that provides debt and equity financing to middle market companies in the United States. As an investment vehicle specializing in private credit, Stellus focuses on originating and structuring senior secured loans, unitranche facilities, mezzanine debt, and equity co-investments tailored to the unique needs of growing businesses. Its flexible capital solutions are designed to support acquisitions, recapitalizations, growth initiatives, and balance sheet refinancings.

Operating under an evergreen structure, Stellus Capital Investment partners with a diverse group of portfolio companies across industries such as manufacturing, healthcare, business services, and specialty finance.