Stellus Capital Investment (NYSE:SCM) Raised to Hold at StockNews.com

StockNews.com upgraded shares of Stellus Capital Investment (NYSE:SCM) from a sell rating to a hold rating in a report published on Saturday.

Other equities research analysts also recently issued research reports about the stock. Oppenheimer downgraded shares of Stellus Capital Investment from an outperform rating to a market perform rating in a research note on Monday, August 14th. B. Riley boosted their price objective on shares of Stellus Capital Investment from $14.00 to $14.25 and gave the company a neutral rating in a research report on Monday, August 14th.

Stellus Capital Investment Price Performance

Stellus Capital Investment stock opened at $12.81 on Friday. The company has a market cap of $309.11 million, a price-to-earnings ratio of 25.62 and a beta of 1.20. The firm’s fifty day moving average is $13.26 and its 200 day moving average is $13.96. The company has a quick ratio of 0.16, a current ratio of 0.16 and a debt-to-equity ratio of 1.32. Stellus Capital Investment has a 52-week low of $12.19 and a 52-week high of $16.08.

Stellus Capital Investment Increases Dividend

The business also recently declared a dividend, which was paid on Wednesday, November 15th. Stockholders of record on Tuesday, October 31st were issued a $0.1333 dividend. The ex-dividend date of this dividend was Monday, October 30th. This is a boost from Stellus Capital Investment’s previous dividend of $0.11. This represents a dividend yield of 12.96%. Stellus Capital Investment’s dividend payout ratio is presently 320.00%.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Tower Research Capital LLC TRC purchased a new position in Stellus Capital Investment in the 1st quarter worth about $28,000. UBS Group AG increased its stake in Stellus Capital Investment by 261.5% in the 2nd quarter. UBS Group AG now owns 3,948 shares of the investment management company’s stock worth $44,000 after buying an additional 2,856 shares during the period. BNP Paribas Arbitrage SNC purchased a new position in Stellus Capital Investment in the 1st quarter worth about $62,000. Chilton Capital Management LLC purchased a new position in Stellus Capital Investment in the 1st quarter worth about $93,000. Finally, Raymond James Financial Services Advisors Inc. purchased a new position in Stellus Capital Investment in the 3rd quarter worth about $160,000. Hedge funds and other institutional investors own 14.69% of the company’s stock.

About Stellus Capital Investment

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.