ValuEngine downgraded shares of Stellus Capital Investment Corporation (NYSE:SCM) from a strong-buy rating to a buy rating in a research report sent to investors on Friday.

A number of other brokerages have also recently issued reports on SCM. Ladenburg Thalmann Financial Services began coverage on Stellus Capital Investment Corporation in a research note on Monday, September 25th. They set a buy rating and a $14.50 price objective on the stock. Zacks Investment Research raised Stellus Capital Investment Corporation from a sell rating to a hold rating in a research note on Thursday, August 10th. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock currently has an average rating of Buy and a consensus target price of $14.50.

Stellus Capital Investment Corporation (NYSE:SCM) opened at $12.86 on Friday. The company has a market capitalization of $205.06, a price-to-earnings ratio of 9.82 and a beta of 0.57. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.28 and a quick ratio of 0.28. Stellus Capital Investment Corporation has a 12 month low of $11.20 and a 12 month high of $14.82.

Stellus Capital Investment Corporation (NYSE:SCM) last released its earnings results on Thursday, November 9th. The investment management company reported $0.29 EPS for the quarter, missing the Zacks’ consensus estimate of $0.31 by ($0.02). The firm had revenue of $9.98 million during the quarter. Stellus Capital Investment Corporation had a net margin of 57.94% and a return on equity of 9.76%. equities analysts forecast that Stellus Capital Investment Corporation will post 1.3 EPS for the current year.

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The business also recently disclosed a monthly dividend, which will be paid on Friday, January 12th. Stockholders of record on Friday, December 29th will be paid a dividend of $0.1133 per share. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 10.57%. Stellus Capital Investment Corporation’s dividend payout ratio (DPR) is currently 80.95%.

In related news, insider Robert T. Ladd acquired 14,000 shares of Stellus Capital Investment Corporation stock in a transaction dated Monday, September 11th. The shares were purchased at an average cost of $13.33 per share, with a total value of $186,620.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Dean D’angelo acquired 5,000 shares of Stellus Capital Investment Corporation stock in a transaction dated Thursday, September 14th. The shares were bought at an average cost of $13.49 per share, for a total transaction of $67,450.00. The disclosure for this purchase can be found here. 4.20% of the stock is currently owned by company insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. GSA Capital Partners LLP grew its stake in shares of Stellus Capital Investment Corporation by 1.0% in the second quarter. GSA Capital Partners LLP now owns 10,300 shares of the investment management company’s stock worth $141,000 after purchasing an additional 100 shares during the last quarter. Arrowstreet Capital Limited Partnership bought a new stake in shares of Stellus Capital Investment Corporation in the second quarter worth about $155,000. Macquarie Group Ltd. bought a new stake in shares of Stellus Capital Investment Corporation in the third quarter worth about $188,000. Sanders Morris Harris LLC grew its stake in shares of Stellus Capital Investment Corporation by 1.8% in the second quarter. Sanders Morris Harris LLC now owns 13,776 shares of the investment management company’s stock worth $189,000 after purchasing an additional 239 shares during the last quarter. Finally, Janney Montgomery Scott LLC grew its stake in shares of Stellus Capital Investment Corporation by 5.9% in the second quarter. Janney Montgomery Scott LLC now owns 16,776 shares of the investment management company’s stock worth $230,000 after purchasing an additional 934 shares during the last quarter. 26.60% of the stock is currently owned by institutional investors.

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.

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

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