Stellus Capital Investment (NYSE:SCM) Rating Lowered to “Sell” at Wall Street Zen

Stellus Capital Investment (NYSE:SCM) was downgraded by stock analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research report issued on Saturday.

Separately, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Stellus Capital Investment in a research report on Saturday, September 27th. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $13.00.

Stellus Capital Investment Price Performance

NYSE SCM opened at $12.05 on Friday. The company has a market cap of $342.46 million, a PE ratio of 8.31 and a beta of 0.90. The firm’s 50 day moving average price is $13.99 and its 200-day moving average price is $13.72. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.28 and a current ratio of 0.28. Stellus Capital Investment has a 52-week low of $11.19 and a 52-week high of $15.56.

Stellus Capital Investment (NYSE:SCM) last posted its earnings results on Tuesday, December 14th. The investment management company reported $0.31 earnings per share for the quarter. Stellus Capital Investment had a return on equity of 11.06% and a net margin of 38.24%.The company had revenue of $27.03 million during the quarter. Sell-side analysts forecast that Stellus Capital Investment will post 1.74 EPS for the current fiscal year.

Institutional Investors Weigh In On Stellus Capital Investment

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SCM. Sumitomo Mitsui Trust Group Inc. boosted its holdings in Stellus Capital Investment by 33.7% in the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 84,762 shares of the investment management company’s stock worth $1,187,000 after acquiring an additional 21,355 shares in the last quarter. Oppenheimer & Co. Inc. raised its position in shares of Stellus Capital Investment by 27.7% in the 1st quarter. Oppenheimer & Co. Inc. now owns 15,440 shares of the investment management company’s stock valued at $216,000 after purchasing an additional 3,352 shares during the last quarter. HighTower Advisors LLC boosted its stake in Stellus Capital Investment by 115.9% in the 1st quarter. HighTower Advisors LLC now owns 39,305 shares of the investment management company’s stock worth $550,000 after purchasing an additional 21,097 shares in the last quarter. XTX Topco Ltd acquired a new stake in Stellus Capital Investment in the 1st quarter worth approximately $150,000. Finally, Condor Capital Management grew its position in Stellus Capital Investment by 4.1% during the 1st quarter. Condor Capital Management now owns 191,392 shares of the investment management company’s stock worth $2,679,000 after purchasing an additional 7,614 shares during the last quarter. 13.22% of the stock is currently owned by hedge funds and other institutional investors.

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.