Keefe, Bruyette & Woods Has Lowered Expectations for Stellus Capital Investment (NYSE:SCM) Stock Price

Stellus Capital Investment (NYSE:SCM) had its price objective cut by research analysts at Keefe, Bruyette & Woods from $13.50 to $13.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm currently has a “market perform” rating on the investment management company’s stock. Keefe, Bruyette & Woods’ target price would suggest a potential upside of 7.90% from the company’s current price.

Separately, StockNews.com lowered Stellus Capital Investment from a “hold” rating to a “sell” rating in a research note on Thursday, March 27th.

Stellus Capital Investment Stock Performance

Stellus Capital Investment stock traded up $0.18 on Tuesday, reaching $12.05. 145,378 shares of the stock were exchanged, compared to its average volume of 161,922. The firm has a fifty day moving average price of $14.51 and a two-hundred day moving average price of $14.10. Stellus Capital Investment has a twelve month low of $11.53 and a twelve month high of $15.56. The stock has a market cap of $331.56 million, a PE ratio of 6.15 and a beta of 0.84. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 1.15.

Stellus Capital Investment (NYSE:SCM) last issued its quarterly earnings results on Tuesday, March 4th. The investment management company reported $0.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.41 by ($0.04). The firm had revenue of $25.62 million for the quarter, compared to the consensus estimate of $26.60 million. Stellus Capital Investment had a net margin of 45.39% and a return on equity of 13.49%. Sell-side analysts anticipate that Stellus Capital Investment will post 1.74 EPS for the current year.

Hedge Funds Weigh In On Stellus Capital Investment

Institutional investors have recently modified their holdings of the stock. PFG Investments LLC grew its stake in Stellus Capital Investment by 2.2% in the fourth quarter. PFG Investments LLC now owns 64,339 shares of the investment management company’s stock valued at $885,000 after acquiring an additional 1,385 shares during the period. Legal & General Group Plc raised its stake in shares of Stellus Capital Investment by 0.9% during the 4th quarter. Legal & General Group Plc now owns 173,702 shares of the investment management company’s stock worth $2,393,000 after purchasing an additional 1,527 shares in the last quarter. ORG Partners LLC bought a new stake in Stellus Capital Investment during the fourth quarter worth $29,000. Condor Capital Management raised its holdings in shares of Stellus Capital Investment by 1.5% in the 4th quarter. Condor Capital Management now owns 183,778 shares of the investment management company’s stock valued at $2,529,000 after purchasing an additional 2,664 shares during the period. Finally, Northern Trust Corp lifted its position in shares of Stellus Capital Investment by 30.1% in the fourth quarter. Northern Trust Corp now owns 22,973 shares of the investment management company’s stock valued at $316,000 after buying an additional 5,314 shares during the last quarter. 13.22% of the stock is currently owned by institutional investors and hedge funds.

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.