Keefe, Bruyette & Woods Reaffirms Hold Rating for Stellus Capital Investment Corporation (SCM)
Keefe, Bruyette & Woods restated their hold rating on shares of Stellus Capital Investment Corporation (NYSE:SCM) in a research report sent to investors on Friday morning. The firm currently has a $14.00 target price on the investment management company’s stock.
Several other analysts have also issued reports on the stock. ValuEngine lowered shares of Stellus Capital Investment Corporation from a strong-buy rating to a buy rating in a research note on Friday. Ladenburg Thalmann Financial Services assumed coverage on shares of Stellus Capital Investment Corporation in a research note on Monday, September 25th. They issued a buy rating and a $14.50 target price for the company. Finally, Zacks Investment Research upgraded shares of Stellus Capital Investment Corporation from a sell rating to a hold rating in a research report on Thursday, August 10th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock currently has a consensus rating of Buy and an average price target of $14.50.
Shares of Stellus Capital Investment Corporation (NYSE:SCM) opened at $12.86 on Friday. Stellus Capital Investment Corporation has a one year low of $11.20 and a one year high of $14.82. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.41. The stock has a market cap of $205.06, a price-to-earnings ratio of 9.82 and a beta of 0.57.
Stellus Capital Investment Corporation (NYSE:SCM) last posted its earnings results on Thursday, November 9th. The investment management company reported $0.29 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.31 by ($0.02). Stellus Capital Investment Corporation had a return on equity of 9.76% and a net margin of 57.94%. The firm had revenue of $9.98 million during the quarter. research analysts expect that Stellus Capital Investment Corporation will post 1.3 earnings per share for the current year.
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The business also recently declared a monthly dividend, which will be paid on Friday, January 12th. Investors of record on Friday, December 29th will be given a dividend of $0.1133 per share. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $1.36 annualized dividend and a yield of 10.57%. Stellus Capital Investment Corporation’s payout ratio is currently 80.95%.
In related news, insider Robert T. Ladd purchased 14,000 shares of Stellus Capital Investment Corporation stock in a transaction that occurred on Monday, September 11th. The stock was bought at an average price of $13.33 per share, for a total transaction of $186,620.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Dean D’angelo purchased 5,000 shares of Stellus Capital Investment Corporation stock in a transaction that occurred on Thursday, September 14th. The shares were bought at an average price of $13.49 per share, with a total value of $67,450.00. The disclosure for this purchase can be found here. 4.20% of the stock is currently owned by corporate insiders.
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. JPMorgan Chase & Co. grew its position in Stellus Capital Investment Corporation by 36.3% during the third quarter. JPMorgan Chase & Co. now owns 80,973 shares of the investment management company’s stock valued at $1,105,000 after buying an additional 21,584 shares during the period. Macquarie Group Ltd. purchased a new stake in Stellus Capital Investment Corporation during the third quarter valued at about $188,000. Dynamic Technology Lab Private Ltd purchased a new stake in Stellus Capital Investment Corporation during the second quarter valued at about $733,000. Raymond James Financial Services Advisors Inc. lifted its holdings in Stellus Capital Investment Corporation by 7.4% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 35,593 shares of the investment management company’s stock valued at $488,000 after purchasing an additional 2,460 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership purchased a new stake in Stellus Capital Investment Corporation during the second quarter valued at about $155,000. Institutional investors own 26.60% of the company’s stock.
Stellus Capital Investment Corporation 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.
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