Zacks Investment Research Downgrades Stellus Capital Investment (NYSE:SCM) to Hold

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Stellus Capital Investment (NYSE:SCM) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued on Wednesday, Zacks.com reports.

According to Zacks, “Stellus Capital Investment Corporation is a closed-end, non-diversified management investment company. The Company’s investment objective is to maximize the total return to its stockholders in the form of current income and capital appreciation by investing primarily in private middle-market companies. “

A number of other equities analysts also recently issued reports on the company. Oppenheimer downgraded Stellus Capital Investment from an “outperform” rating to a “market perform” rating in a research note on Monday, August 12th. CIBC reissued a “market perform” rating on shares of Stellus Capital Investment in a research note on Monday, August 12th.

Shares of SCM stock traded up $0.06 during trading hours on Wednesday, reaching $14.20. 856 shares of the company’s stock were exchanged, compared to its average volume of 110,025. The company has a market cap of $267.33 million, a P/E ratio of 10.00 and a beta of 0.70. The company’s 50 day moving average is $13.67 and its two-hundred day moving average is $13.83. Stellus Capital Investment has a 1 year low of $11.65 and a 1 year high of $15.30. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.28 and a quick ratio of 0.28.

Stellus Capital Investment (NYSE:SCM) last issued its earnings results on Thursday, November 7th. The investment management company reported $0.31 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.31. The business had revenue of $15.52 million during the quarter, compared to the consensus estimate of $14.61 million. Stellus Capital Investment had a return on equity of 9.61% and a net margin of 45.89%. As a group, analysts predict that Stellus Capital Investment will post 1.26 EPS for the current fiscal year.

Several institutional investors and hedge funds have recently added to or reduced their stakes in SCM. Virtus ETF Advisers LLC acquired a new stake in shares of Stellus Capital Investment in the 2nd quarter worth approximately $3,481,000. Acadian Asset Management LLC grew its holdings in Stellus Capital Investment by 205.0% during the 2nd quarter. Acadian Asset Management LLC now owns 95,540 shares of the investment management company’s stock valued at $1,321,000 after buying an additional 64,217 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in Stellus Capital Investment by 81.2% during the 2nd quarter. JPMorgan Chase & Co. now owns 43,536 shares of the investment management company’s stock valued at $601,000 after buying an additional 19,507 shares during the last quarter. BlackRock Inc. grew its holdings in Stellus Capital Investment by 26.3% during the 2nd quarter. BlackRock Inc. now owns 89,105 shares of the investment management company’s stock valued at $1,232,000 after buying an additional 18,534 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Stellus Capital Investment during the 2nd quarter valued at $234,000. Institutional investors and hedge funds own 17.84% 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 seeks to invest in companies with an EBITDA between $5 million and $50 million.

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