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.
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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