Stellus Capital Investment (NYSE:SCM - Get Free Report) was upgraded by stock analysts at StockNews.com from a "sell" rating to a "hold" rating in a note issued to investors on Wednesday.
Stellus Capital Investment Stock Performance
Shares of SCM traded down $0.10 during mid-day trading on Wednesday, reaching $14.25. 138,917 shares of the company's stock traded hands, compared to its average volume of 155,718. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.29 and a current ratio of 0.29. The business's 50-day moving average price is $14.62 and its 200-day moving average price is $14.09. The stock has a market capitalization of $392.08 million, a P/E ratio of 7.27 and a beta of 1.07. Stellus Capital Investment has a 12 month low of $12.92 and a 12 month high of $15.56.
Stellus Capital Investment (NYSE:SCM - Get Free Report) last announced 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). Stellus Capital Investment had a net margin of 45.39% and a return on equity of 13.49%. The business had revenue of $25.62 million for the quarter, compared to the consensus estimate of $26.60 million. Equities analysts predict that Stellus Capital Investment will post 1.74 earnings per share for the current year.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently made changes to their positions in the stock. ORG Partners LLC acquired a new stake in Stellus Capital Investment in the fourth quarter worth approximately $29,000. JPMorgan Chase & Co. lifted 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 valued at $205,000 after buying an additional 6,197 shares during the period. Paloma Partners Management Co bought a new position in Stellus Capital Investment during the third quarter valued at about $226,000. Aquatic Capital Management LLC acquired a new position in Stellus Capital Investment during the fourth quarter worth about $244,000. Finally, HighTower Advisors LLC bought a new stake in Stellus Capital Investment in the fourth quarter worth about $251,000. 13.22% of the stock is currently owned by institutional investors.
Stellus Capital Investment Company Profile
(
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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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