Stellus Capital Investment (NYSE:SCM) Cut to Sell at Wall Street Zen

Wall Street Zen downgraded shares of Stellus Capital Investment (NYSE:SCM) from a hold rating to a sell rating in a research note released on Saturday.

Separately, Weiss Ratings reissued a “buy (b)” rating on shares of Stellus Capital Investment in a research note on Saturday, September 27th. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $13.00.

Stellus Capital Investment Price Performance

Shares of NYSE:SCM opened at $12.22 on Friday. Stellus Capital Investment has a one year low of $11.19 and a one year high of $15.56. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.28 and a quick ratio of 0.28. The company has a market cap of $347.29 million, a price-to-earnings ratio of 8.43 and a beta of 0.90. The firm has a 50 day simple moving average of $13.96 and a 200 day simple moving average of $13.71.

Stellus Capital Investment (NYSE:SCM) last announced its quarterly earnings results on Tuesday, December 14th. The investment management company reported $0.31 earnings per share (EPS) for the quarter. Stellus Capital Investment had a net margin of 38.24% and a return on equity of 11.06%. The company had revenue of $27.03 million during the quarter. Research analysts predict that Stellus Capital Investment will post 1.74 earnings per share for the current fiscal year.

Stellus Capital Investment Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Thursday, January 15th. Shareholders of record on Wednesday, December 31st will be given a $0.1333 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 13.1%. The ex-dividend date is Wednesday, December 31st. Stellus Capital Investment’s payout ratio is 110.34%.

Hedge Funds Weigh In On Stellus Capital Investment

A number of hedge funds have recently made changes to their positions in the stock. Geneos Wealth Management Inc. acquired a new position in shares of Stellus Capital Investment in the second quarter worth approximately $25,000. Ameritas Advisory Services LLC bought a new position in Stellus Capital Investment during the 2nd quarter worth approximately $34,000. BNP Paribas Financial Markets acquired a new position in shares of Stellus Capital Investment in the 2nd quarter worth approximately $60,000. Chilton Capital Management LLC boosted its stake in shares of Stellus Capital Investment by 10.6% in the 1st quarter. Chilton Capital Management LLC now owns 8,409 shares of the investment management company’s stock valued at $118,000 after purchasing an additional 809 shares during the last quarter. Finally, XTX Topco Ltd bought a new stake in shares of Stellus Capital Investment in the 1st quarter valued at $150,000. 13.22% of the stock is currently owned by institutional investors.

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.