ValuEngine upgraded shares of Stellus Capital Investment (NYSE:SCM) from a sell rating to a hold rating in a research note issued to investors on Monday.
SCM has been the topic of several other reports. Zacks Investment Research raised Stellus Capital Investment from a hold rating to a buy rating and set a $15.00 price objective on the stock in a research report on Saturday, November 10th. Keefe, Bruyette & Woods reissued a hold rating and issued a $14.00 price objective on shares of Stellus Capital Investment in a research report on Thursday, August 9th.
Stellus Capital Investment stock traded down $0.03 during midday trading on Monday, reaching $13.12. The stock had a trading volume of 11,089 shares, compared to its average volume of 87,714. Stellus Capital Investment has a twelve month low of $11.07 and a twelve month high of $14.10. The stock has a market capitalization of $204.05 million, a P/E ratio of 10.84 and a beta of 0.68. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.85.
The firm also recently announced a monthly dividend, which will be paid on Tuesday, January 15th. Stockholders of record on Monday, December 31st will be given a dividend of $0.1133 per share. This represents a $1.36 dividend on an annualized basis and a dividend yield of 10.37%. The ex-dividend date of this dividend is Friday, December 28th. Stellus Capital Investment’s payout ratio is 112.40%.
In other Stellus Capital Investment news, insider Robert T. Ladd bought 6,500 shares of the company’s stock in a transaction dated Monday, November 12th. The shares were acquired at an average cost of $12.87 per share, with a total value of $83,655.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 5.40% of the stock is currently owned by insiders.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Freestone Capital Holdings LLC purchased a new stake in shares of Stellus Capital Investment during the third quarter worth about $4,311,000. Stephens Inc. AR purchased a new stake in shares of Stellus Capital Investment during the second quarter worth about $257,000. Finally, LPL Financial LLC purchased a new stake in shares of Stellus Capital Investment during the first quarter worth about $138,000. 20.48% of the stock is currently 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 seeks to invest in companies with an EBITDA between $5 million and $50 million.
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