Stellus Capital Investment (NYSE:SCM) Shares Cross Below 200 Day Moving Average – What’s Next?

Stellus Capital Investment Corporation (NYSE:SCM)’s stock price crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $8.86 and traded as low as $8.12. Stellus Capital Investment shares last traded at $8.1580, with a volume of 120,995 shares traded.

Analyst Ratings Changes

A number of research analysts have commented on the company. LADENBURG THALM/SH SH lowered their target price on Stellus Capital Investment from $11.00 to $10.50 and set a “buy” rating on the stock in a research note on Wednesday, August 12th. Weiss Ratings raised Stellus Capital Investment from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, August 11th. Finally, Keefe, Bruyette & Woods reduced their price target on Stellus Capital Investment from $9.00 to $8.00 and set a “market perform” rating for the company in a report on Monday, July 20th. One investment analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, Stellus Capital Investment has an average rating of “Hold” and an average target price of $9.25.

Stellus Capital Investment Stock Performance

The firm has a market cap of $221.57 million, a price-to-earnings ratio of 7.63 and a beta of 0.67. The firm’s 50 day moving average is $8.21 and its 200-day moving average is $8.84. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.06 and a current ratio of 0.06.

Stellus Capital Investment (NYSE:SCM) last posted its earnings results on Monday, August 10th. The investment management company reported $0.26 EPS for the quarter, hitting the consensus estimate of $0.26. Stellus Capital Investment had a net margin of 30.66% and a return on equity of 9.09%. The firm had revenue of $30.98 million for the quarter, compared to the consensus estimate of $24.38 million. Sell-side analysts anticipate that Stellus Capital Investment Corporation will post 1.05 earnings per share for the current fiscal year.

Stellus Capital Investment Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th will be issued a dividend of $0.0833 per share. The ex-dividend date of this dividend is Wednesday, September 30th. This represents a c) dividend on an annualized basis and a dividend yield of 12.8%. Stellus Capital Investment’s dividend payout ratio is currently 98.04%.

Institutional Investors Weigh In On Stellus Capital Investment

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Integrated Wealth Concepts LLC bought a new position in shares of Stellus Capital Investment in the second quarter valued at approximately $26,000. Sanders Morris Harris LLC bought a new stake in shares of Stellus Capital Investment during the 2nd quarter worth $117,000. Gallagher Capital Advisors LLC acquired a new position in Stellus Capital Investment in the 1st quarter valued at $313,000. Janney Montgomery Scott LLC acquired a new position in Stellus Capital Investment in the 1st quarter valued at $399,000. Finally, Doliver Advisors LP grew its stake in Stellus Capital Investment by 452.9% in the 2nd quarter. Doliver Advisors LP now owns 55,292 shares of the investment management company’s stock valued at $466,000 after buying an additional 45,292 shares during the last quarter. 13.22% of the stock is currently owned by institutional investors and hedge funds.

Stellus Capital Investment Company Profile

Stellus Capital Investment Corporation (NYSE: SCM) is a business development company that provides customized financing to privately owned middle-market companies. The company primarily invests in debt, including first-lien, second-lien and unitranche loans, and may also make equity investments alongside its loans.

Stellus Capital Investment typically focuses on established companies across a range of industries, with investments designed to support acquisitions, recapitalizations, growth initiatives and other corporate purposes.