Stellus Capital Investment (NYSE:SCM) Stock Price Passes Below Two Hundred Day Moving Average – Here’s What Happened

Stellus Capital Investment Corporation (NYSE:SCM) shares passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $13.43 and traded as low as $12.55. Stellus Capital Investment shares last traded at $12.6850, with a volume of 77,694 shares traded.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. Zacks Research raised shares of Stellus Capital Investment from a “strong sell” rating to a “hold” rating in a research note on Thursday, November 13th. Wall Street Zen cut Stellus Capital Investment from a “hold” rating to a “sell” rating in a report on Sunday, November 9th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Stellus Capital Investment in a research report on Monday. Three research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $13.00.

Stellus Capital Investment Stock Up 0.3%

The firm’s fifty day simple moving average is $12.18 and its two-hundred day simple moving average is $13.43. The company has a current ratio of 0.10, a quick ratio of 0.10 and a debt-to-equity ratio of 1.24. The company has a market capitalization of $367.23 million, a price-to-earnings ratio of 11.64 and a beta of 0.66.

Stellus Capital Investment (NYSE:SCM) last released its quarterly earnings results on Tuesday, December 14th. The investment management company reported $0.31 EPS for the quarter. Stellus Capital Investment had a net margin of 29.77% and a return on equity of 10.72%. The firm had revenue of $27.03 million for the quarter. Sell-side analysts anticipate that Stellus Capital Investment Corporation will post 1.74 EPS for the current year.

Stellus Capital Investment Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Thursday, January 15th. Stockholders of record on Wednesday, December 31st will be paid a $0.1333 dividend. This represents a c) annualized dividend and a dividend yield of 12.6%. The ex-dividend date of this dividend is Wednesday, December 31st. Stellus Capital Investment’s dividend payout ratio is 146.79%.

Institutional Trading of Stellus Capital Investment

Hedge funds and other institutional investors have recently modified their holdings of the business. Brevan Howard Capital Management LP boosted its holdings in Stellus Capital Investment by 14.7% during the 3rd quarter. Brevan Howard Capital Management LP now owns 12,663 shares of the investment management company’s stock valued at $165,000 after acquiring an additional 1,622 shares during the period. Geneos Wealth Management Inc. acquired a new stake in shares of Stellus Capital Investment during the second quarter worth about $25,000. CANADA LIFE ASSURANCE Co boosted its stake in shares of Stellus Capital Investment by 8.5% in the second quarter. CANADA LIFE ASSURANCE Co now owns 26,769 shares of the investment management company’s stock valued at $373,000 after purchasing an additional 2,101 shares during the period. JPMorgan Chase & Co. acquired a new position in shares of Stellus Capital Investment in the third quarter valued at approximately $28,000. Finally, Ameritas Advisory Services LLC purchased a new stake in Stellus Capital Investment during the 2nd quarter worth approximately $34,000. 13.22% of the stock is owned by institutional investors and hedge funds.

Stellus Capital Investment Company Profile

Stellus Capital Investment Corporation is a business development company specializing in investments in private middle-market companies. It invests through first lien, second lien, unitranche, and mezzanine debt financing, often with a corresponding equity investment. The fund prefers to invest in US and Canada.