Stellus Capital Investment Corp (SCM) Receives Consensus Recommendation of “Buy” from Analysts

Shares of Stellus Capital Investment Corp (NYSE:SCM) have earned an average recommendation of “Buy” from the six brokerages that are currently covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a hold recommendation, three have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $14.50.

Several equities research analysts recently issued reports on SCM shares. ValuEngine cut Stellus Capital Investment from a “strong-buy” rating to a “buy” rating in a report on Friday, November 10th. Ladenburg Thalmann Financial Services started coverage on Stellus Capital Investment in a report on Monday, September 25th. They set a “buy” rating and a $14.50 target price on the stock. Finally, Keefe, Bruyette & Woods restated a “hold” rating and set a $14.00 target price on shares of Stellus Capital Investment in a report on Friday, November 10th.

In related news, Director Dean D’angelo bought 12,500 shares of the stock in a transaction dated Friday, December 8th. The shares were acquired at an average cost of $12.31 per share, for a total transaction of $153,875.00. Following the acquisition, the director now directly owns 76,327 shares in the company, valued at approximately $939,585.37. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Joshua T. Davis bought 50,000 shares of the stock in a transaction dated Wednesday, November 15th. The shares were bought at an average price of $12.35 per share, for a total transaction of $617,500.00. The disclosure for this purchase can be found here. Over the last 90 days, insiders have bought 196,686 shares of company stock worth $2,439,120. Insiders own 4.20% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. GSA Capital Partners LLP lifted its holdings in Stellus Capital Investment by 1.0% in the second quarter. GSA Capital Partners LLP now owns 10,300 shares of the investment management company’s stock valued at $141,000 after acquiring an additional 100 shares during the last quarter. Arrowstreet Capital Limited Partnership acquired a new position in Stellus Capital Investment in the second quarter valued at approximately $155,000. Susquehanna International Group LLP acquired a new position in Stellus Capital Investment in the third quarter valued at approximately $164,000. Macquarie Group Ltd. acquired a new position in Stellus Capital Investment in the third quarter valued at approximately $188,000. Finally, Janney Montgomery Scott LLC lifted its holdings in 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 acquiring an additional 4,389 shares during the last quarter. Hedge funds and other institutional investors own 27.10% of the company’s stock.

Stellus Capital Investment (NYSE SCM) traded down $0.29 during mid-day trading on Friday, reaching $12.68. The company had a trading volume of 155,100 shares, compared to its average volume of 138,333. The company has a current ratio of 0.44, a quick ratio of 0.44 and a debt-to-equity ratio of 0.50. Stellus Capital Investment has a 12 month low of $11.57 and a 12 month high of $14.82. The firm has a market cap of $197.09, a PE ratio of 7.50 and a beta of 0.53.

Stellus Capital Investment (NYSE:SCM) last posted its quarterly earnings data 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 had a return on equity of 9.35% and a net margin of 57.94%. The firm had revenue of $9.98 million during the quarter. equities research analysts anticipate that Stellus Capital Investment will post 1.26 earnings per share for the current fiscal year.

The business also recently announced a monthly dividend, which will be paid on Friday, January 12th. Stockholders of record on Friday, December 29th will be issued a dividend of $0.1133 per share. This represents a $1.36 annualized dividend and a dividend yield of 10.72%. The ex-dividend date is Thursday, December 28th. Stellus Capital Investment’s dividend payout ratio is currently 80.47%.

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About Stellus Capital Investment

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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