Stellus Capital Investment (NYSE:SCM) Share Price Passes Below 200-Day Moving Average – Here’s What Happened

Stellus Capital Investment Corporation (NYSE:SCM) shares crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $13.24 and traded as low as $12.60. Stellus Capital Investment shares last traded at $12.87, with a volume of 265,029 shares traded.

Wall Street Analyst Weigh In

SCM has been the topic of a number of recent research reports. Weiss Ratings restated a “hold (c)” rating on shares of Stellus Capital Investment in a research report on Monday, December 29th. Zacks Research upgraded Stellus Capital Investment from a “strong sell” rating to a “hold” rating in a report on Thursday, November 13th. Finally, Wall Street Zen downgraded Stellus Capital Investment from a “hold” rating to a “sell” rating in a research report on Sunday, November 9th. Three equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat, Stellus Capital Investment currently has an average rating of “Hold” and an average target price of $13.00.

Stellus Capital Investment Stock Down 0.2%

The firm has a market cap of $372.59 million, a PE ratio of 11.81 and a beta of 0.66. The company has a 50-day simple moving average of $12.63 and a 200-day simple moving average of $13.24. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.10 and a quick ratio of 0.10.

Stellus Capital Investment (NYSE:SCM) last issued its quarterly earnings results on Monday, November 10th. The investment management company reported $0.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.30 by $0.04. Stellus Capital Investment had a return on equity of 10.72% and a net margin of 29.77%.The firm had revenue of $26.28 million during the quarter, compared to analyst estimates of $25.97 million. Analysts expect that Stellus Capital Investment Corporation will post 1.74 earnings per share for the current fiscal year.

Stellus Capital Investment Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st will be given a dividend of $0.1133 per share. This represents a c) annualized dividend and a dividend yield of 10.6%. The ex-dividend date is Tuesday, March 31st. Stellus Capital Investment’s dividend payout ratio (DPR) is 146.79%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in SCM. Muzinich & Co. Inc. lifted its holdings in Stellus Capital Investment by 22.5% during the 4th quarter. Muzinich & Co. Inc. now owns 253,534 shares of the investment management company’s stock valued at $3,215,000 after buying an additional 46,641 shares in the last quarter. TrueMark Investments LLC purchased a new position in shares of Stellus Capital Investment during the fourth quarter worth approximately $315,000. JPMorgan Chase & Co. purchased a new position in shares of Stellus Capital Investment during the third quarter worth approximately $28,000. Sunbelt Securities Inc. raised its stake in shares of Stellus Capital Investment by 390.7% during the third quarter. Sunbelt Securities Inc. now owns 146,133 shares of the investment management company’s stock valued at $1,909,000 after acquiring an additional 116,352 shares in the last quarter. Finally, CANADA LIFE ASSURANCE Co raised its position in Stellus Capital Investment by 34.7% during the 3rd quarter. CANADA LIFE ASSURANCE Co now owns 36,056 shares of the investment management company’s stock valued at $470,000 after purchasing an additional 9,287 shares in the last quarter. Hedge funds and other institutional investors own 13.22% of the company’s stock.

About Stellus Capital Investment

Stellus Capital Investment Corporation (NYSE: SCM) is a closed-end, externally managed business development company that provides debt and equity financing to middle market companies in the United States. As an investment vehicle specializing in private credit, Stellus focuses on originating and structuring senior secured loans, unitranche facilities, mezzanine debt, and equity co-investments tailored to the unique needs of growing businesses. Its flexible capital solutions are designed to support acquisitions, recapitalizations, growth initiatives, and balance sheet refinancings.

Operating under an evergreen structure, Stellus Capital Investment partners with a diverse group of portfolio companies across industries such as manufacturing, healthcare, business services, and specialty finance.