Stellus Capital Investment (NYSE:SCM - Get Free Report) was downgraded by analysts at StockNews.com from a "hold" rating to a "sell" rating in a note issued to investors on Friday.
Stellus Capital Investment Trading Up 1.4 %
Shares of NYSE:SCM traded up $0.19 during trading on Friday, reaching $14.06. 256,431 shares of the company were exchanged, compared to its average volume of 166,414. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.29 and a quick ratio of 0.29. The firm has a market capitalization of $380.41 million, a PE ratio of 7.17 and a beta of 1.07. The business's fifty day simple moving average is $14.57 and its 200-day simple moving average is $14.06. Stellus Capital Investment has a 12-month low of $12.85 and a 12-month high of $15.56.
Stellus Capital Investment (NYSE:SCM - Get Free Report) last issued its earnings results on Tuesday, March 4th. The investment management company reported $0.37 earnings per share for the quarter, missing the consensus estimate of $0.41 by ($0.04). The firm had revenue of $25.62 million during the quarter, compared to analysts' expectations of $26.60 million. Stellus Capital Investment had a return on equity of 13.49% and a net margin of 45.39%. On average, research analysts anticipate that Stellus Capital Investment will post 1.74 EPS for the current year.
Institutional Trading of Stellus Capital Investment
Several hedge funds have recently modified their holdings of SCM. ORG Partners LLC purchased a new stake in shares of Stellus Capital Investment during the fourth quarter worth about $29,000. Farther Finance Advisors LLC increased its stake in Stellus Capital Investment by 27.9% during the 3rd quarter. Farther Finance Advisors LLC now owns 13,106 shares of the investment management company's stock valued at $179,000 after purchasing an additional 2,862 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Stellus Capital Investment by 70.8% in the third quarter. JPMorgan Chase & Co. now owns 14,949 shares of the investment management company's stock worth $205,000 after buying an additional 6,197 shares during the last quarter. Prime Capital Investment Advisors LLC purchased a new position in shares of Stellus Capital Investment in the third quarter worth $223,000. Finally, Paloma Partners Management Co acquired a new stake in shares of Stellus Capital Investment during the third quarter worth $226,000. 13.22% of the stock is owned by hedge funds and other institutional investors.
Stellus Capital Investment Company Profile
(
Get Free Report)
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.
See Also
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Stellus Capital Investment, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Stellus Capital Investment wasn't on the list.
While Stellus Capital Investment currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking for the next FAANG stock before everyone has heard about it? Enter your email address to see which stocks MarketBeat analysts think might become the next trillion dollar tech company.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
