Shares of Stellus Capital Investment Corp (NYSE:SCM) have received an average rating of “Hold” from the five analysts that are currently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating and three have given a hold rating to the company.
SCM has been the subject of a number of research analyst reports. Oppenheimer cut Stellus Capital Investment from an “outperform” rating to a “market perform” rating in a research report on Monday, August 12th. CIBC reaffirmed a “market perform” rating on shares of Stellus Capital Investment in a research report on Monday, August 12th. TheStreet raised Stellus Capital Investment from a “c+” rating to a “b” rating in a research report on Wednesday, June 5th. Finally, Zacks Investment Research cut Stellus Capital Investment from a “hold” rating to a “sell” rating in a research report on Tuesday, September 3rd.
Institutional investors have recently bought and sold shares of the business. Gables Capital Management Inc. lifted its position in Stellus Capital Investment by 1.6% during the 2nd quarter. Gables Capital Management Inc. now owns 130,098 shares of the investment management company’s stock worth $1,799,000 after acquiring an additional 2,033 shares during the period. Raymond James & Associates lifted its position in Stellus Capital Investment by 88.5% during the 1st quarter. Raymond James & Associates now owns 182,641 shares of the investment management company’s stock worth $2,584,000 after acquiring an additional 85,763 shares during the period. Virtus ETF Advisers LLC acquired a new stake in Stellus Capital Investment during the 2nd quarter worth approximately $3,481,000. Icon Wealth Partners LLC acquired a new stake in Stellus Capital Investment during the 1st quarter worth approximately $42,000. Finally, Algert Global LLC acquired a new stake in Stellus Capital Investment during the 1st quarter worth approximately $308,000. 18.00% of the stock is owned by institutional investors.
Stellus Capital Investment (NYSE:SCM) last announced its 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 firm had revenue of $14.17 million during the quarter, compared to analyst estimates of $14.16 million. Stellus Capital Investment had a net margin of 47.43% and a return on equity of 9.79%. On average, equities analysts predict that Stellus Capital Investment will post 1.26 EPS for the current year.
The business also recently disclosed a dividend, which will be paid on Tuesday, October 15th. Shareholders 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 95.77%.
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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