Stellus Capital Investment Corporation (SCM) Given Average Recommendation of “Buy” by Analysts
Stellus Capital Investment Corporation (NYSE:SCM) has been assigned an average rating of “Buy” from the seven brokerages that are presently covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold recommendation, four have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price target among analysts that have covered the stock in the last year is $14.83.
A number of brokerages have recently weighed in on SCM. ValuEngine lowered shares of Stellus Capital Investment Corporation from a “strong-buy” rating to a “buy” rating in a research note on Thursday, August 10th. Ladenburg Thalmann Financial Services assumed coverage on shares of Stellus Capital Investment Corporation in a research report on Monday, September 25th. They set a “buy” rating and a $14.50 price target for the company. Finally, Zacks Investment Research cut shares of Stellus Capital Investment Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th.
In other news, Director Dean D’angelo bought 5,000 shares of the firm’s stock in a transaction on Thursday, September 14th. The stock was acquired at an average cost of $13.49 per share, with a total value of $67,450.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Robert T. Ladd bought 14,000 shares of the firm’s stock in a transaction on Monday, September 11th. The stock was purchased at an average cost of $13.33 per share, with a total value of $186,620.00. The disclosure for this purchase can be found here. Company insiders own 4.20% of the company’s stock.
COPYRIGHT VIOLATION WARNING: “Stellus Capital Investment Corporation (SCM) Given Average Recommendation of “Buy” by Analysts” was posted by American Banking News and is owned by of American Banking News. If you are viewing this report on another site, it was illegally copied and republished in violation of United States and international copyright & trademark legislation. The correct version of this report can be read at https://www.americanbankingnews.com/2017/10/22/stellus-capital-investment-corporation-scm-given-average-recommendation-of-buy-by-analysts.html.
Shares of Stellus Capital Investment Corporation (SCM) traded down 0.57% during trading on Friday, hitting $14.06. 60,295 shares of the stock traded hands. The company has a 50 day moving average price of $13.70 and a 200 day moving average price of $13.80. The firm’s market cap is $219.93 million. Stellus Capital Investment Corporation has a 12 month low of $10.22 and a 12 month high of $14.82.
Stellus Capital Investment Corporation (NYSE:SCM) last announced its earnings results on Thursday, August 3rd. The investment management company reported $0.32 earnings per share for the quarter, beating analysts’ consensus estimates of $0.31 by $0.01. The firm had revenue of $10.39 million for the quarter, compared to analyst estimates of $9.99 million. Stellus Capital Investment Corporation had a net margin of 68.17% and a return on equity of 10.06%. Analysts anticipate that Stellus Capital Investment Corporation will post $1.29 earnings per share for the current fiscal year.
The firm 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 dividend on an annualized basis and a yield of 9.67%. Stellus Capital Investment Corporation’s dividend payout ratio (DPR) is currently 64.15%.
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.
Receive News & Ratings for Stellus Capital Investment Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Stellus Capital Investment Corporation and related companies with MarketBeat.com's FREE daily email newsletter.