Stellus Capital Investment (NYSE:SCM) Downgraded to “Market Perform” at Oppenheimer

Oppenheimer lowered shares of Stellus Capital Investment (NYSE:SCM) from an outperform rating to a market perform rating in a research note released on Monday morning, BenzingaRatingsTable reports.

A number of other equities analysts have also recently weighed in on the stock. Zacks Investment Research cut shares of Stellus Capital Investment from a hold rating to a sell rating in a research report on Thursday, July 11th. TheStreet raised shares of Stellus Capital Investment from a c+ rating to a b rating in a research report on Wednesday, June 5th. One research analyst has rated the stock with a sell rating and three have issued a hold rating to the stock. The stock has a consensus rating of Hold and a consensus target price of $15.00.

Stellus Capital Investment stock opened at $12.80 on Monday. The firm has a 50 day simple moving average of $14.07 and a 200-day simple moving average of $14.20. Stellus Capital Investment has a 1-year low of $11.65 and a 1-year high of $15.30. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.36 and a quick ratio of 0.36. The stock has a market cap of $246.91 million, a price-to-earnings ratio of 9.01 and a beta of 0.67.

Stellus Capital Investment (NYSE:SCM) last posted its quarterly earnings results on Friday, August 9th. The investment management company reported $0.29 earnings per share for the quarter, missing the consensus estimate of $0.32 by ($0.03). The firm had revenue of $14.17 million during the quarter, compared to analysts’ expectations of $14.16 million. Stellus Capital Investment had a net margin of 47.43% and a return on equity of 10.09%. Equities analysts expect that Stellus Capital Investment will post 1.29 earnings per share for the current fiscal year.

The business also recently disclosed a dividend, which will be paid on Friday, September 13th. Investors of record on Friday, August 30th will be given a dividend of $0.113 per share. The ex-dividend date of this dividend is Thursday, August 29th. Stellus Capital Investment’s payout ratio is currently 95.77%.

Several large investors have recently bought and sold shares of SCM. Virtus ETF Advisers LLC purchased a new position in shares of Stellus Capital Investment during the 2nd quarter worth approximately $3,481,000. Raymond James & Associates boosted its position in Stellus Capital Investment by 88.5% in the 1st quarter. Raymond James & Associates now owns 182,641 shares of the investment management company’s stock valued at $2,584,000 after buying an additional 85,763 shares during the period. Acadian Asset Management LLC boosted its position in Stellus Capital Investment by 205.0% in the 2nd quarter. Acadian Asset Management LLC now owns 95,540 shares of the investment management company’s stock valued at $1,321,000 after buying an additional 64,217 shares during the period. Raymond James Financial Services Advisors Inc. purchased a new position in Stellus Capital Investment in the 1st quarter valued at approximately $816,000. Finally, Algert Global LLC purchased a new position in Stellus Capital Investment in the 1st quarter valued at approximately $308,000. 17.24% of the stock is owned by hedge funds and other institutional investors.

About Stellus Capital Investment

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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