Raymond James Reiterates “Buy” Rating for Stellus Capital Investment (NYSE:SCM)

Stellus Capital Investment (NYSE:SCM)‘s stock had its “buy” rating reaffirmed by Raymond James in a note issued to investors on Tuesday, AnalystRatings.com reports.

A number of other research firms have also recently weighed in on SCM. National Securities upgraded Stellus Capital Investment to a “buy” rating in a research note on Monday, August 3rd. Zacks Investment Research raised Stellus Capital Investment from a “sell” rating to a “hold” rating in a research note on Tuesday, July 14th. Finally, TheStreet downgraded Stellus Capital Investment from a “c” rating to a “d+” rating in a research note on Thursday, May 28th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $12.00.

Shares of SCM traded down $0.28 during mid-day trading on Tuesday, hitting $8.44. 89,333 shares of the company traded hands, compared to its average volume of 166,857. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.14 and a current ratio of 0.14. Stellus Capital Investment has a 1 year low of $4.10 and a 1 year high of $15.04. The stock has a market cap of $164.46 million, a price-to-earnings ratio of 27.23 and a beta of 1.29. The stock has a 50-day moving average price of $8.18 and a two-hundred day moving average price of $8.24.

Stellus Capital Investment (NYSE:SCM) last issued its quarterly earnings data on Friday, July 31st. The investment management company reported $0.29 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.24 by $0.05. Stellus Capital Investment had a return on equity of 9.60% and a net margin of 10.29%. The company had revenue of $13.84 million during the quarter, compared to analyst estimates of $14.49 million. On average, analysts forecast that Stellus Capital Investment will post 1.1 EPS for the current year.

In related news, CEO Robert T. Ladd purchased 10,000 shares of the company’s stock in a transaction that occurred on Thursday, August 6th. The stock was bought at an average price of $8.05 per share, for a total transaction of $80,500.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Dean D’angelo acquired 5,000 shares of Stellus Capital Investment stock in a transaction on Tuesday, September 1st. The shares were bought at an average cost of $8.12 per share, for a total transaction of $40,600.00. The disclosure for this purchase can be found here. Insiders purchased 35,000 shares of company stock worth $280,700 in the last 90 days. 5.41% of the stock is currently owned by company insiders.

A number of institutional investors and hedge funds have recently modified their holdings of SCM. Advisor Group Holdings Inc. bought a new stake in shares of Stellus Capital Investment during the first quarter worth $242,000. Rockefeller Capital Management L.P. bought a new stake in Stellus Capital Investment during the 2nd quarter valued at about $310,000. Tower Research Capital LLC TRC boosted its position in Stellus Capital Investment by 1,727.2% in the 1st quarter. Tower Research Capital LLC TRC now owns 31,281 shares of the investment management company’s stock valued at $228,000 after buying an additional 29,569 shares during the period. Legal & General Group Plc grew its stake in Stellus Capital Investment by 33.7% in the 1st quarter. Legal & General Group Plc now owns 108,484 shares of the investment management company’s stock worth $794,000 after acquiring an additional 27,317 shares in the last quarter. Finally, Acadian Asset Management LLC increased its position in shares of Stellus Capital Investment by 26.8% during the first quarter. Acadian Asset Management LLC now owns 30,616 shares of the investment management company’s stock worth $223,000 after acquiring an additional 6,477 shares during the period. Institutional investors own 15.66% of the company’s stock.

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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