StockNews.com downgraded shares of Stellus Capital Investment (NYSE:SCM - Free Report) from a hold rating to a sell rating in a research note published on Thursday morning.
Stellus Capital Investment Price Performance
NYSE SCM traded down $0.24 on Thursday, reaching $14.26. The company's stock had a trading volume of 192,229 shares, compared to its average volume of 157,125. The firm has a market cap of $392.44 million, a PE ratio of 7.28 and a beta of 1.07. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 1.15. Stellus Capital Investment has a 52 week low of $12.92 and a 52 week high of $15.56. The business has a 50-day moving average price of $14.67 and a 200 day moving average price of $14.12.
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 (EPS) for the quarter, missing analysts' consensus estimates of $0.41 by ($0.04). The company had revenue of $25.62 million during the quarter, compared to analyst estimates of $26.60 million. Stellus Capital Investment had a return on equity of 13.49% and a net margin of 45.39%. Sell-side analysts expect that Stellus Capital Investment will post 1.74 EPS for the current year.
Stellus Capital Investment Announces Dividend
The company also recently announced a dividend, which was paid on Friday, February 14th. Stockholders of record on Monday, February 3rd were paid a $0.1333 dividend. The ex-dividend date was Friday, January 31st. This represents a dividend yield of 10.88%. Stellus Capital Investment's dividend payout ratio is presently 88.89%.
Hedge Funds Weigh In On Stellus Capital Investment
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. raised its stake 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 valued at $205,000 after acquiring an additional 6,197 shares during the last quarter. Corient Private Wealth LLC raised its position in Stellus Capital Investment by 48.3% in the 4th quarter. Corient Private Wealth LLC now owns 171,467 shares of the investment management company's stock valued at $2,359,000 after purchasing an additional 55,841 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new position in Stellus Capital Investment in the fourth quarter worth $345,000. Raymond James Financial Inc. bought a new stake in shares of Stellus Capital Investment during the fourth quarter worth $3,328,000. Finally, ORG Partners LLC acquired a new stake in shares of Stellus Capital Investment in the fourth quarter valued at $29,000. 13.22% of the stock is currently owned by institutional investors and hedge funds.
About Stellus Capital Investment
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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.
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