According to Zacks, “Stellus Capital Investment Corporation is a closed-end, non-diversified management investment company. The Company’s investment objective is to maximize the total return to its stockholders in the form of current income and capital appreciation by investing primarily in private middle-market companies. “
A number of other equities analysts also recently issued reports on SCM. CIBC reaffirmed a market perform rating on shares of Stellus Capital Investment in a research report on Monday, August 12th. Oppenheimer downgraded Stellus Capital Investment from an outperform rating to a market perform rating in a research report on Monday, August 12th. Finally, TheStreet raised Stellus Capital Investment from a c+ rating to a b rating in a research report on Wednesday, June 5th. One equities research analyst has rated the stock with a sell rating and three have issued a hold rating to the stock. Stellus Capital Investment has a consensus rating of Hold and a consensus price target of $15.00.
Shares of SCM stock opened at $13.59 on Friday. The business’s fifty day simple moving average is $13.52 and its 200-day simple moving average is $13.98. The company has a market cap of $256.99 million, a PE ratio of 9.57 and a beta of 0.70. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.72. Stellus Capital Investment has a 12-month low of $11.65 and a 12-month high of $15.30.
Stellus Capital Investment (NYSE:SCM) last issued its quarterly earnings results on Friday, August 9th. The investment management company reported $0.29 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.03). The business had revenue of $14.17 million for the quarter, compared to analyst estimates of $14.16 million. Stellus Capital Investment had a return on equity of 9.79% and a net margin of 47.43%. On average, equities analysts forecast that Stellus Capital Investment will post 1.26 earnings per share for the current year.
The firm also recently declared a dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be given a dividend of $0.113 per share. The ex-dividend date is Friday, September 27th. Stellus Capital Investment’s payout ratio is presently 95.77%.
Several institutional investors and hedge funds have recently made changes to their positions in SCM. TCG Advisors LP purchased a new stake in shares of Stellus Capital Investment during the first quarter valued at $35,000. NEXT Financial Group Inc purchased a new stake in shares of Stellus Capital Investment during the second quarter valued at $41,000. Icon Wealth Partners LLC purchased a new stake in shares of Stellus Capital Investment during the first quarter valued at $42,000. Eagle Global Advisors LLC purchased a new stake in shares of Stellus Capital Investment during the second quarter valued at $177,000. Finally, Resources Investment Advisors LLC. purchased a new stake in shares of Stellus Capital Investment during the second quarter valued at $201,000. 17.94% 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 seeks to invest in companies with an EBITDA between $5 million and $50 million.
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