Stellus Capital Investment Corporation (SCM) Rating Lowered to Buy at ValuEngine
Stellus Capital Investment Corporation (NYSE:SCM) was downgraded by research analysts at ValuEngine from a “strong-buy” rating to a “buy” rating in a research note issued on Friday.
A number of other equities analysts have also recently commented on SCM. Zacks Investment Research upgraded Stellus Capital Investment Corporation from a “sell” rating to a “hold” rating in a report on Thursday, August 10th. Ladenburg Thalmann Financial Services assumed coverage on Stellus Capital Investment Corporation in a research note on Monday, September 25th. They issued a “buy” rating and a $14.50 price objective for the company. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $14.83.
Shares of Stellus Capital Investment Corporation (NYSE:SCM) traded down $1.10 during trading on Friday, reaching $12.86. The company had a trading volume of 470,571 shares, compared to its average volume of 96,240. Stellus Capital Investment Corporation has a 12 month low of $11.20 and a 12 month high of $14.82. The stock has a market cap of $216.49, a PE ratio of 9.96 and a beta of 0.57. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.41.
Stellus Capital Investment Corporation (NYSE:SCM) last announced its earnings results on Thursday, November 9th. The investment management company reported $0.29 EPS for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.02). Stellus Capital Investment Corporation had a net margin of 68.17% and a return on equity of 10.06%. The firm had revenue of $9.98 million for the quarter. equities research analysts anticipate that Stellus Capital Investment Corporation will post 1.3 EPS for the current year.
In related news, insider Robert T. Ladd acquired 14,000 shares of the firm’s stock in a transaction dated Monday, September 11th. The stock was acquired at an average price of $13.33 per share, for a total transaction of $186,620.00. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Dean D’angelo acquired 5,000 shares of the firm’s stock in a transaction dated Thursday, September 14th. The stock was bought at an average price of $13.49 per share, with a total value of $67,450.00. The disclosure for this purchase can be found here. Company insiders own 4.20% of the company’s stock.
Several institutional investors and hedge funds have recently made changes to their positions in the company. Muzinich & Co. Inc. boosted its stake in shares of Stellus Capital Investment Corporation by 23.8% in the 2nd quarter. Muzinich & Co. Inc. now owns 707,551 shares of the investment management company’s stock valued at $9,701,000 after buying an additional 135,828 shares during the period. Advisors Asset Management Inc. raised its position in shares of Stellus Capital Investment Corporation by 3.6% during the 2nd quarter. Advisors Asset Management Inc. now owns 635,570 shares of the investment management company’s stock worth $8,714,000 after acquiring an additional 21,935 shares in the last quarter. Ares Management LLC raised its position in shares of Stellus Capital Investment Corporation by 77.0% during the 2nd quarter. Ares Management LLC now owns 338,937 shares of the investment management company’s stock worth $4,646,000 after acquiring an additional 147,406 shares in the last quarter. Bank of Montreal Can acquired a new stake in shares of Stellus Capital Investment Corporation during the 2nd quarter worth about $2,468,000. Finally, Acadian Asset Management LLC acquired a new stake in shares of Stellus Capital Investment Corporation during the 2nd quarter worth about $2,042,000. Institutional investors and hedge funds own 26.76% of the company’s stock.
About Stellus Capital Investment Corporation
Stellus Capital Investment Corporation is a closed-end, non-diversified management investment company. The Company originates and invests primarily in private middle-market companies through first lien, second lien, unitranche and mezzanine debt financing, with corresponding equity co-investments. The Company’s investment objective is to maximize the total return to its stockholders in the form of current income and capital appreciation.
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