Stellus Capital Investment Corporation (NYSE:SCM – Get Free Report) has been given an average recommendation of “Hold” by the six ratings firms that are presently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $9.25.
SCM has been the topic of several recent analyst reports. Loop Capital reaffirmed a “neutral” rating on shares of Stellus Capital Investment in a research report on Wednesday. Noble Financial reissued a “neutral” rating on shares of Stellus Capital Investment in a report on Wednesday. Keefe, Bruyette & Woods decreased their target price on shares of Stellus Capital Investment from $9.00 to $8.00 and set a “market perform” rating for the company in a research note on Monday, July 20th. Weiss Ratings downgraded shares of Stellus Capital Investment from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday, October 8th. Finally, LADENBURG THALM/SH SH dropped their price target on shares of Stellus Capital Investment from $11.00 to $10.50 and set a “buy” rating on the stock in a research report on Wednesday, August 12th.
Read Our Latest Analysis on Stellus Capital Investment
Institutional Inflows and Outflows
Institutional investors have recently modified their holdings of the company. Corient Private Wealth LP bought a new stake in shares of Stellus Capital Investment in the 2nd quarter valued at about $2,398,000. Legal & General Group Plc acquired a new position in Stellus Capital Investment during the second quarter worth approximately $2,009,000. BlackRock Inc. acquired a new position in Stellus Capital Investment during the second quarter worth approximately $922,000. Gables Capital Management Inc. acquired a new position in Stellus Capital Investment during the second quarter worth approximately $565,000. Finally, Bank of America Corp DE bought a new stake in Stellus Capital Investment in the second quarter valued at approximately $483,000. 13.22% of the stock is currently owned by institutional investors and hedge funds.
Stellus Capital Investment Stock Down 0.8%
Shares of Stellus Capital Investment stock traded down $0.06 during trading hours on Wednesday, reaching $6.83. 116,247 shares of the company’s stock were exchanged, compared to its average volume of 198,490. The stock has a market cap of $194.38 million, a P/E ratio of 11.97 and a beta of 0.70. The company has a 50 day moving average of $7.50 and a two-hundred day moving average of $8.87. The company has a current ratio of 0.06, a quick ratio of 0.06 and a debt-to-equity ratio of 1.04. Stellus Capital Investment has a fifty-two week low of $6.54 and a fifty-two week high of $13.55.
Stellus Capital Investment (NYSE:SCM – Get Free Report) last released its earnings results on Monday, November 9th. The investment management company reported $0.26 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.26. Stellus Capital Investment had a return on equity of 8.56% and a net margin of 17.92%. The business had revenue of $22.40 million for the quarter, compared to analyst estimates of $22.99 million. On average, sell-side analysts forecast that Stellus Capital Investment will post 1.05 EPS for the current fiscal year.
Stellus Capital Investment Announces Dividend
The company also recently disclosed a monthly dividend, which will be paid on Friday, January 15th. Stockholders of record on Thursday, December 31st will be given a $0.0833 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 14.6%. The ex-dividend date of this dividend is Thursday, December 31st. Stellus Capital Investment’s dividend payout ratio (DPR) is 175.44%.
About Stellus Capital Investment
Stellus Capital Investment Corporation (NYSE: SCM) is a business development company that invests in privately owned, middle-market companies. The company seeks to generate income and, to a lesser extent, capital appreciation by providing financing to businesses that may have limited access to traditional sources of capital. Stellus primarily invests in senior secured loans and other debt investments, while also making select subordinated debt and equity investments. Its portfolio companies operate across a range of industries, and the company generally focuses on established businesses with experienced management teams and the potential for stable cash flow.
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