Stellus Capital Investment Corporation (SCM) Cut to Buy at ValuEngine

ValuEngine lowered shares of Stellus Capital Investment Corporation (NYSE:SCM) from a strong-buy rating to a buy rating in a research note released on Friday morning.

SCM has been the topic of several other reports. Ladenburg Thalmann Financial Services assumed coverage on Stellus Capital Investment Corporation in a research report on Monday, September 25th. They issued a buy rating and a $14.50 price objective on the stock. Zacks Investment Research raised Stellus Capital Investment Corporation from a sell rating to a hold rating in a research report on Thursday, August 10th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock has an average rating of Buy and a consensus price target of $14.50.

Shares of Stellus Capital Investment Corporation (NYSE:SCM) opened at $12.23 on Friday. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.28 and a quick ratio of 0.28. Stellus Capital Investment Corporation has a 12-month low of $11.20 and a 12-month high of $14.82. The company has a market capitalization of $205.06, a P/E ratio of 9.82 and a beta of 0.57.

Stellus Capital Investment Corporation (NYSE:SCM) last issued its quarterly earnings results on Thursday, November 9th. The investment management company reported $0.29 EPS for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.02). The company had revenue of $9.98 million during the quarter. Stellus Capital Investment Corporation had a return on equity of 9.76% and a net margin of 57.94%. research analysts predict that Stellus Capital Investment Corporation will post 1.3 earnings per share for the current year.

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The business also recently disclosed a monthly dividend, which will be paid on Friday, January 12th. Stockholders of record on Friday, December 29th will be paid a $0.1133 dividend. The ex-dividend date is Thursday, December 28th. This represents a $1.36 annualized dividend and a dividend yield of 11.12%. Stellus Capital Investment Corporation’s dividend payout ratio (DPR) is 80.95%.

In related news, insider Robert T. Ladd acquired 14,000 shares of the company’s stock in a transaction on Monday, September 11th. The stock was acquired at an average price of $13.33 per share, with a total value of $186,620.00. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Dean D’angelo acquired 5,000 shares of the company’s stock in a transaction on Thursday, September 14th. The shares were bought at an average cost of $13.49 per share, with a total value of $67,450.00. The disclosure for this purchase can be found here. Corporate insiders own 4.20% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in SCM. GSA Capital Partners LLP lifted its stake in Stellus Capital Investment Corporation by 1.0% in the second quarter. GSA Capital Partners LLP now owns 10,300 shares of the investment management company’s stock worth $141,000 after purchasing an additional 100 shares during the last quarter. Arrowstreet Capital Limited Partnership purchased a new position in shares of Stellus Capital Investment Corporation during the second quarter worth approximately $155,000. Macquarie Group Ltd. purchased a new position in shares of Stellus Capital Investment Corporation during the third quarter worth approximately $188,000. Sanders Morris Harris LLC increased its position in shares of Stellus Capital Investment Corporation by 1.8% during the second quarter. Sanders Morris Harris LLC now owns 13,776 shares of the investment management company’s stock worth $189,000 after acquiring an additional 239 shares during the period. Finally, Janney Montgomery Scott LLC increased its position in shares of Stellus Capital Investment Corporation by 5.9% during the second quarter. Janney Montgomery Scott LLC now owns 16,776 shares of the investment management company’s stock worth $230,000 after acquiring an additional 934 shares during the period. 26.60% of the stock is owned by institutional investors and hedge funds.

About Stellus Capital Investment Corporation

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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