Stellus Capital Investment (NYSE:SCM – Get Rating) was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Friday.
Separately, Raymond James cut Stellus Capital Investment from an “outperform” rating to a “market perform” rating in a research report on Thursday, March 2nd.
Stellus Capital Investment Price Performance
SCM stock traded up $0.03 during trading on Friday, hitting $14.70. The company had a trading volume of 123,652 shares, compared to its average volume of 116,496. The company has a fifty day moving average price of $14.21 and a two-hundred day moving average price of $14.03. The company has a current ratio of 0.26, a quick ratio of 0.26 and a debt-to-equity ratio of 1.47. The company has a market cap of $306.29 million, a P/E ratio of 19.86 and a beta of 1.21. Stellus Capital Investment has a fifty-two week low of $11.02 and a fifty-two week high of $16.08.
Stellus Capital Investment (NYSE:SCM – Get Rating) last released its earnings results on Tuesday, February 28th. The investment management company reported $0.44 earnings per share for the quarter, topping analysts’ consensus estimates of $0.39 by $0.05. Stellus Capital Investment had a return on equity of 9.63% and a net margin of 19.29%. Equities research analysts expect that Stellus Capital Investment will post 1.78 earnings per share for the current fiscal year.
Institutional Trading of Stellus Capital Investment
Institutional investors have recently added to or reduced their stakes in the business. Cliffwater LLC grew its holdings in shares of Stellus Capital Investment by 2.0% during the first quarter. Cliffwater LLC now owns 267,152 shares of the investment management company’s stock valued at $3,764,000 after buying an additional 5,199 shares during the last quarter. Raymond James & Associates grew its holdings in shares of Stellus Capital Investment by 2.7% during the first quarter. Raymond James & Associates now owns 187,822 shares of the investment management company’s stock valued at $2,646,000 after buying an additional 4,989 shares during the last quarter. Advisors Asset Management Inc. grew its holdings in shares of Stellus Capital Investment by 7.1% during the first quarter. Advisors Asset Management Inc. now owns 159,368 shares of the investment management company’s stock valued at $2,245,000 after buying an additional 10,626 shares during the last quarter. Legal & General Group Plc grew its holdings in shares of Stellus Capital Investment by 2.1% during the fourth quarter. Legal & General Group Plc now owns 129,703 shares of the investment management company’s stock valued at $1,718,000 after buying an additional 2,631 shares during the last quarter. Finally, Condor Capital Management grew its holdings in shares of Stellus Capital Investment by 12.7% during the first quarter. Condor Capital Management now owns 114,424 shares of the investment management company’s stock valued at $1,612,000 after buying an additional 12,882 shares during the last quarter. 13.75% of the stock is currently owned by hedge funds and other institutional investors.
About Stellus Capital Investment
Stellus Capital Investment Corp., a traded business development company invests in companies located in the United States. The fund targets companies operating in the fields of aerospace/defense, business services, consumer products, distribution, education, energy/industrial services, financial services, healthcare, manufacturing, media & entertainment, restaurant/retail, software/technology, and telecommunications.