Stellus Capital Investment (SCM) Raised to Buy at ValuEngine

ValuEngine upgraded shares of Stellus Capital Investment (NYSE:SCM) from a hold rating to a buy rating in a research note released on Friday.

A number of other research firms have also recently commented on SCM. Zacks Investment Research cut Stellus Capital Investment from a hold rating to a sell rating in a research note on Friday, March 9th. Keefe, Bruyette & Woods reiterated a hold rating and issued a $13.00 price target on shares of Stellus Capital Investment in a research note on Tuesday, March 6th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the stock. The company presently has an average rating of Hold and a consensus target price of $14.17.

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Shares of Stellus Capital Investment (NYSE SCM) opened at $11.82 on Friday. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 0.61. Stellus Capital Investment has a 12 month low of $11.07 and a 12 month high of $14.67. The company has a market capitalization of $188.48, a PE ratio of 7.73 and a beta of 0.53.

Stellus Capital Investment (NYSE:SCM) last released its quarterly earnings results on Tuesday, March 6th. The investment management company reported $0.28 EPS for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.03). Stellus Capital Investment had a net margin of 57.04% and a return on equity of 8.67%. The business had revenue of $9.41 million during the quarter, compared to analysts’ expectations of $10.58 million. equities research analysts predict that Stellus Capital Investment will post 1.32 EPS for the current year.

The company also recently disclosed a monthly dividend, which will be paid on Friday, April 13th. Stockholders of record on Thursday, March 29th will be issued a $0.1133 dividend. This represents a $1.36 dividend on an annualized basis and a dividend yield of 11.50%. The ex-dividend date of this dividend is Wednesday, March 28th. Stellus Capital Investment’s dividend payout ratio is presently 88.89%.

In other news, insider Robert T. Ladd acquired 40,000 shares of the business’s stock in a transaction dated Monday, March 12th. The shares were acquired at an average cost of $11.68 per share, with a total value of $467,200.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Robert T. Ladd acquired 33,000 shares of the business’s stock in a transaction dated Thursday, March 8th. The stock was purchased at an average cost of $11.63 per share, for a total transaction of $383,790.00. The disclosure for this purchase can be found here. Insiders bought 107,000 shares of company stock worth $1,248,920 over the last three months. Corporate insiders own 4.20% of the company’s stock.

Several hedge funds have recently made changes to their positions in the company. Janney Montgomery Scott LLC increased its holdings in shares of Stellus Capital Investment by 26.2% in the third quarter. Janney Montgomery Scott LLC now owns 21,165 shares of the investment management company’s stock valued at $289,000 after purchasing an additional 4,389 shares during the period. OxFORD Asset Management LLP grew its holdings in Stellus Capital Investment by 18.8% during the third quarter. OxFORD Asset Management LLP now owns 36,956 shares of the investment management company’s stock worth $504,000 after acquiring an additional 5,840 shares during the period. BlackRock Inc. grew its holdings in Stellus Capital Investment by 9.5% during the fourth quarter. BlackRock Inc. now owns 101,800 shares of the investment management company’s stock worth $1,338,000 after acquiring an additional 8,800 shares during the period. Ladenburg Thalmann Financial Services Inc. grew its holdings in Stellus Capital Investment by 33.7% during the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 41,275 shares of the investment management company’s stock worth $564,000 after acquiring an additional 10,399 shares during the period. Finally, Two Sigma Investments LP grew its holdings in Stellus Capital Investment by 18.4% during the fourth quarter. Two Sigma Investments LP now owns 70,220 shares of the investment management company’s stock worth $923,000 after acquiring an additional 10,922 shares during the period. 28.92% of the stock is currently owned by institutional investors and hedge funds.

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Stellus Capital Investment 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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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