Stellus Capital Investment (NYSE:SCM) Upgraded to “Neutral” at B. Riley

B. Riley upgraded shares of Stellus Capital Investment (NYSE:SCMFree Report) from a sell rating to a neutral rating in a research report sent to investors on Monday morning, MarketBeat.com reports. The firm currently has $13.25 target price on the investment management company’s stock, up from their prior target price of $12.50.

SCM has been the subject of a number of other research reports. StockNews.com upgraded shares of Stellus Capital Investment from a sell rating to a hold rating in a research note on Wednesday, March 13th. Oppenheimer reissued a market perform rating and issued a $14.00 price target on shares of Stellus Capital Investment in a research report on Wednesday, March 6th.

Get Our Latest Analysis on Stellus Capital Investment

Stellus Capital Investment Stock Performance

NYSE:SCM opened at $14.26 on Monday. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.31 and a current ratio of 0.31. The firm’s 50-day moving average is $13.49 and its 200-day moving average is $13.09. Stellus Capital Investment has a 52-week low of $12.19 and a 52-week high of $15.40. The company has a market cap of $344.09 million, a price-to-earnings ratio of 13.20 and a beta of 1.14.

Stellus Capital Investment (NYSE:SCMGet Free Report) last posted its quarterly earnings results on Thursday, May 9th. The investment management company reported $0.44 EPS for the quarter, missing the consensus estimate of $0.46 by ($0.02). The firm had revenue of $26.00 million during the quarter, compared to analyst estimates of $25.98 million. Stellus Capital Investment had a net margin of 24.08% and a return on equity of 14.08%. During the same period last year, the company earned $0.45 EPS. Equities research analysts anticipate that Stellus Capital Investment will post 1.76 earnings per share for the current year.

Stellus Capital Investment Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Monday, July 15th. Investors of record on Friday, June 28th will be issued a $0.1333 dividend. This represents a $1.60 annualized dividend and a yield of 11.22%. The ex-dividend date is Friday, June 28th. Stellus Capital Investment’s dividend payout ratio is 148.15%.

Institutional Investors Weigh In On Stellus Capital Investment

A number of institutional investors and hedge funds have recently modified their holdings of SCM. Raymond James & Associates lifted its stake in Stellus Capital Investment by 19.0% in the third quarter. Raymond James & Associates now owns 234,291 shares of the investment management company’s stock valued at $3,186,000 after buying an additional 37,427 shares during the period. Raymond James Financial Services Advisors Inc. acquired a new position in Stellus Capital Investment during the third quarter valued at approximately $160,000. Sigma Planning Corp increased its stake in Stellus Capital Investment by 41.0% in the third quarter. Sigma Planning Corp now owns 41,494 shares of the investment management company’s stock valued at $564,000 after purchasing an additional 12,066 shares in the last quarter. Virtus ETF Advisers LLC raised its holdings in Stellus Capital Investment by 129.8% in the third quarter. Virtus ETF Advisers LLC now owns 43,058 shares of the investment management company’s stock worth $586,000 after purchasing an additional 24,317 shares during the period. Finally, Oppenheimer & Co. Inc. bought a new position in shares of Stellus Capital Investment during the third quarter worth $171,000. 13.22% of the stock is owned by institutional investors.

About Stellus Capital Investment

(Get Free Report)

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.

Further Reading

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