Stellus Capital Investment (NYSE:SCM) Downgraded by Wall Street Zen to Sell

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

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

Stellus Capital Investment Trading Up 0.3%

Shares of SCM stock opened at $12.05 on Friday. The firm’s fifty day simple moving average is $13.99 and its 200 day simple moving average is $13.73. Stellus Capital Investment has a 1 year low of $11.19 and a 1 year high of $15.56. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 1.27. The firm has a market capitalization of $342.46 million, a P/E ratio of 8.31 and a beta of 0.90.

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 net margin of 38.24% and a return on equity of 11.06%. The company had revenue of $27.03 million for the quarter. As a group, sell-side analysts predict that Stellus Capital Investment will post 1.74 EPS for the current year.

Stellus Capital Investment Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Thursday, January 15th. Investors of record on Wednesday, December 31st will be paid a $0.1333 dividend. The ex-dividend date of this dividend is Wednesday, December 31st. This represents a c) dividend on an annualized basis and a yield of 13.3%. Stellus Capital Investment’s payout ratio is presently 110.34%.

Institutional Investors Weigh In On Stellus Capital Investment

Large investors have recently modified their holdings of the stock. Geneos Wealth Management Inc. bought a new stake in shares of Stellus Capital Investment in the 2nd quarter valued at approximately $25,000. Ameritas Advisory Services LLC bought a new stake in Stellus Capital Investment in the second quarter valued at $34,000. BNP Paribas Financial Markets bought a new stake in Stellus Capital Investment in the second quarter valued at $60,000. Chilton Capital Management LLC grew its position in Stellus Capital Investment by 10.6% in the first quarter. Chilton Capital Management LLC now owns 8,409 shares of the investment management company’s stock valued at $118,000 after acquiring an additional 809 shares during the period. Finally, XTX Topco Ltd bought a new stake in shares of Stellus Capital Investment in the 1st quarter worth about $150,000. 13.22% of the stock is currently owned by institutional investors.

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.