Stellus Capital Investment Corporation (SCM) Earns “Hold” Rating from Keefe, Bruyette & Woods

Keefe, Bruyette & Woods reissued their hold rating on shares of Stellus Capital Investment Corporation (NYSE:SCM) in a research note published on Friday morning. They currently have a $14.00 price objective on the investment management company’s stock.

A number of other research firms have also issued reports on SCM. Zacks Investment Research upgraded Stellus Capital Investment Corporation from a sell rating to a hold rating in a research report on Thursday, August 10th. ValuEngine lowered Stellus Capital Investment Corporation from a strong-buy rating to a buy rating in a research report on Friday. Finally, Ladenburg Thalmann Financial Services started coverage on Stellus Capital Investment Corporation in a research report on Monday, September 25th. They set a buy rating and a $14.50 price target for the company. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Stellus Capital Investment Corporation has an average rating of Buy and a consensus target price of $14.50.

Stellus Capital Investment Corporation (SCM) opened at $12.23 on Friday. Stellus Capital Investment Corporation has a 12-month low of $11.20 and a 12-month high of $14.82. The stock has a market capitalization of $205.06, a P/E ratio of 9.82 and a beta of 0.57. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.28 and a current ratio of 0.28.

Stellus Capital Investment Corporation (NYSE:SCM) last released its quarterly earnings data on Thursday, November 9th. The investment management company reported $0.29 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.31 by ($0.02). Stellus Capital Investment Corporation had a net margin of 57.94% and a return on equity of 9.76%. The company had revenue of $9.98 million for the quarter. equities analysts forecast that Stellus Capital Investment Corporation will post 1.3 earnings per share for the current fiscal year.

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The firm also recently declared a monthly dividend, which will be paid on Friday, January 12th. Shareholders of record on Friday, December 29th will be given a dividend of $0.1133 per share. The ex-dividend date is Thursday, December 28th. This represents a $1.36 dividend on an annualized basis and a yield of 11.12%. Stellus Capital Investment Corporation’s dividend payout ratio (DPR) is presently 80.95%.

In other Stellus Capital Investment Corporation news, insider Robert T. Ladd purchased 14,000 shares of Stellus Capital Investment Corporation stock in a transaction on Monday, September 11th. The stock was bought at an average price of $13.33 per share, for a total transaction of $186,620.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Dean D’angelo purchased 5,000 shares of Stellus Capital Investment Corporation stock in a transaction on Thursday, September 14th. The shares were acquired at an average price of $13.49 per share, with a total value of $67,450.00. The disclosure for this purchase can be found here. Insiders own 4.20% of the company’s stock.

A number of hedge funds have recently made changes to their positions in the business. GSA Capital Partners LLP raised its stake in shares of Stellus Capital Investment Corporation by 1.0% in the 2nd quarter. GSA Capital Partners LLP now owns 10,300 shares of the investment management company’s stock worth $141,000 after buying an additional 100 shares in the last quarter. Arrowstreet Capital Limited Partnership bought a new stake in shares of Stellus Capital Investment Corporation in the 2nd quarter worth $155,000. Macquarie Group Ltd. bought a new stake in shares of Stellus Capital Investment Corporation in the 3rd quarter worth $188,000. Sanders Morris Harris LLC raised its stake in shares of Stellus Capital Investment Corporation by 1.8% in the 2nd quarter. Sanders Morris Harris LLC now owns 13,776 shares of the investment management company’s stock worth $189,000 after buying an additional 239 shares in the last quarter. Finally, Janney Montgomery Scott LLC raised its stake in shares of Stellus Capital Investment Corporation by 5.9% in the 2nd quarter. Janney Montgomery Scott LLC now owns 16,776 shares of the investment management company’s stock worth $230,000 after buying an additional 934 shares in the last quarter. Institutional investors own 26.60% of the company’s stock.

Stellus Capital Investment Corporation Company Profile

Stellus Capital Investment Corporation is a closed-end, non-diversified management investment company. The Company originates and invests primarily in private middle-market companies through first lien, second lien, unitranche and mezzanine debt financing, with corresponding equity co-investments. The Company’s investment objective is to maximize the total return to its stockholders in the form of current income and capital appreciation.

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