Stellus Capital Investment (NYSE:SCM) Share Price Crosses Above 200 Day Moving Average – Time to Sell?

Shares of Stellus Capital Investment Co. (NYSE:SCM) passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $13.88 and traded as high as $14.99. Stellus Capital Investment shares last traded at $14.96, with a volume of 190,954 shares changing hands.

Stellus Capital Investment Trading Up 0.8 %

The firm has a market cap of $404.68 million, a price-to-earnings ratio of 7.63 and a beta of 1.12. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.29 and a quick ratio of 0.29. The firm’s fifty day moving average is $13.88 and its 200-day moving average is $13.88.

Stellus Capital Investment (NYSE:SCM) last released its earnings results on Thursday, November 7th. The investment management company reported $0.40 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.46 by ($0.06). Stellus Capital Investment had a net margin of 45.39% and a return on equity of 13.49%. The firm had revenue of $26.50 million during the quarter, compared to analyst estimates of $27.36 million. During the same quarter in the previous year, the firm earned $0.49 EPS. Equities analysts anticipate that Stellus Capital Investment Co. will post 1.74 earnings per share for the current year.

Stellus Capital Investment Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Saturday, March 29th will be issued a dividend of $0.1333 per share. The ex-dividend date of this dividend is Friday, March 28th. This represents a $1.60 annualized dividend and a dividend yield of 10.70%. Stellus Capital Investment’s dividend payout ratio is currently 81.63%.

Hedge Funds Weigh In On Stellus Capital Investment

Several institutional investors have recently made changes to their positions in the stock. PFG Investments LLC raised its holdings in shares of Stellus Capital Investment by 2.2% during the fourth quarter. PFG Investments LLC now owns 64,339 shares of the investment management company’s stock valued at $885,000 after purchasing an additional 1,385 shares during the period. ORG Partners LLC acquired a new position in shares of Stellus Capital Investment during the fourth quarter valued at about $29,000. JPMorgan Chase & Co. raised its holdings in shares of Stellus Capital Investment by 70.8% during the third quarter. JPMorgan Chase & Co. now owns 14,949 shares of the investment management company’s stock valued at $205,000 after purchasing an additional 6,197 shares during the period. Paloma Partners Management Co acquired a new position in shares of Stellus Capital Investment during the third quarter valued at about $226,000. Finally, Prime Capital Investment Advisors LLC bought a new stake in shares of Stellus Capital Investment during the third quarter worth about $223,000. Institutional investors and hedge funds own 13.22% of the company’s stock.

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.