Stellus Capital Investment (NYSE:SCM) Price Target Lowered to $13.00 at Keefe, Bruyette & Woods

Stellus Capital Investment (NYSE:SCM - Free Report) had its price objective cut by Keefe, Bruyette & Woods from $13.50 to $13.00 in a research note issued to investors on Tuesday morning,Benzinga reports. They currently have a market perform rating on the investment management company's stock.

Separately, StockNews.com downgraded shares of Stellus Capital Investment from a "hold" rating to a "sell" rating in a research report on Thursday, March 27th.

Stellus Capital Investment Stock Performance

Shares of SCM stock traded up $0.17 on Tuesday, reaching $12.20. The stock had a trading volume of 204,563 shares, compared to its average volume of 165,176. The stock has a market cap of $335.61 million, a P/E ratio of 6.22 and a beta of 0.84. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.29 and a current ratio of 0.29. Stellus Capital Investment has a 1 year low of $11.19 and a 1 year high of $15.56. The company has a 50 day simple moving average of $14.19 and a 200 day simple moving average of $14.03.

Stellus Capital Investment (NYSE:SCM - Get Free Report) last released its quarterly earnings results on Tuesday, March 4th. The investment management company reported $0.37 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.41 by ($0.04). The firm had revenue of $25.62 million for the quarter, compared to the consensus estimate of $26.60 million. Stellus Capital Investment had a net margin of 45.39% and a return on equity of 13.49%. Equities research analysts expect that Stellus Capital Investment will post 1.74 EPS for the current year.

Stellus Capital Investment Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 30th will be paid a dividend of $0.1333 per share. The ex-dividend date is Monday, June 30th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 13.12%. Stellus Capital Investment's dividend payout ratio (DPR) is presently 88.89%.

Institutional Investors Weigh In On Stellus Capital Investment

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SCM. Raymond James Financial Inc. purchased a new stake in shares of Stellus Capital Investment in the fourth quarter worth $3,328,000. Condor Capital Management raised its holdings in Stellus Capital Investment by 1.5% during the fourth quarter. Condor Capital Management now owns 183,778 shares of the investment management company's stock valued at $2,529,000 after acquiring an additional 2,664 shares during the period. Legal & General Group Plc raised its holdings in Stellus Capital Investment by 0.9% during the fourth quarter. Legal & General Group Plc now owns 173,702 shares of the investment management company's stock valued at $2,393,000 after acquiring an additional 1,527 shares during the period. Corient Private Wealth LLC lifted its position in shares of Stellus Capital Investment by 48.3% in the fourth quarter. Corient Private Wealth LLC now owns 171,467 shares of the investment management company's stock valued at $2,359,000 after acquiring an additional 55,841 shares in the last quarter. Finally, Virtus ETF Advisers LLC boosted its stake in shares of Stellus Capital Investment by 17.4% in the fourth quarter. Virtus ETF Advisers LLC now owns 65,584 shares of the investment management company's stock worth $902,000 after acquiring an additional 9,736 shares during the period. 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.