Stellus Capital Investment (NYSE:SCM) Upgraded by Zacks Research to Hold Rating

Stellus Capital Investment (NYSE:SCM) was upgraded by equities research analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a report issued on Thursday,Zacks.com reports.

A number of other equities analysts have also recently commented on the company. Weiss Ratings cut Stellus Capital Investment from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, October 30th. Wall Street Zen cut Stellus Capital Investment from a “hold” rating to a “sell” rating in a research report on Sunday, November 9th. Three analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $13.00.

Stellus Capital Investment Price Performance

Stellus Capital Investment stock traded up $0.02 during trading on Thursday, reaching $12.01. The company had a trading volume of 221,989 shares, compared to its average volume of 202,552. The firm has a market capitalization of $347.65 million, a PE ratio of 11.02 and a beta of 0.88. The firm’s 50-day simple moving average is $12.76 and its 200 day simple moving average is $13.58. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.28 and a current ratio of 0.10. Stellus Capital Investment has a 1-year low of $11.19 and a 1-year high of $15.56.

Stellus Capital Investment (NYSE:SCM) last announced its earnings results on Tuesday, December 14th. The investment management company reported $0.31 earnings per share (EPS) for the quarter. The business had revenue of $27.03 million for the quarter. Stellus Capital Investment had a net margin of 29.77% and a return on equity of 10.72%. As a group, equities research analysts anticipate that Stellus Capital Investment will post 1.74 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Stellus Capital Investment

Institutional investors have recently added to or reduced their stakes in the stock. Geneos Wealth Management Inc. purchased a new stake in Stellus Capital Investment in the 2nd quarter valued at $25,000. CANADA LIFE ASSURANCE Co increased its position in Stellus Capital Investment by 8.5% during the second quarter. CANADA LIFE ASSURANCE Co now owns 26,769 shares of the investment management company’s stock worth $373,000 after purchasing an additional 2,101 shares during the last quarter. JPMorgan Chase & Co. purchased a new position in Stellus Capital Investment during the third quarter worth about $28,000. Ameritas Advisory Services LLC purchased a new position in Stellus Capital Investment during the second quarter worth about $34,000. Finally, Royal Bank of Canada boosted its holdings in Stellus Capital Investment by 15.8% in the 1st quarter. Royal Bank of Canada now owns 27,882 shares of the investment management company’s stock valued at $390,000 after purchasing an additional 3,808 shares during the last quarter. Hedge funds and other institutional investors own 13.22% of the company’s stock.

Stellus Capital Investment Company Profile

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.