Stellus Capital Investment (NYSE:SCM) Research Coverage Started at StockNews.com

Equities research analysts at StockNews.com assumed coverage on shares of Stellus Capital Investment (NYSE:SCM – Get Rating) in a note issued to investors on Friday. The brokerage set a “hold” rating on the investment management company’s stock.

Separately, Raymond James lowered Stellus Capital Investment from an “outperform” rating to a “market perform” rating in a research report on Thursday, March 2nd.

Stellus Capital Investment Stock Up 0.1 %

NYSE SCM opened at $14.01 on Friday. The firm has a market cap of $273.90 million, a PE ratio of 18.93 and a beta of 1.22. Stellus Capital Investment has a one year low of $11.02 and a one year high of $16.08. The stock’s 50 day simple moving average is $14.61 and its 200 day simple moving average is $13.65. The company has a debt-to-equity ratio of 1.47, a current ratio of 0.26 and a quick ratio of 0.26.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of SCM. Envestnet Asset Management Inc. bought a new position in Stellus Capital Investment in the 1st quarter valued at $163,000. Raymond James Financial Services Advisors Inc. grew its position in shares of Stellus Capital Investment by 47.5% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 27,279 shares of the investment management company’s stock worth $379,000 after buying an additional 8,784 shares during the period. UBS Group AG grew its position in shares of Stellus Capital Investment by 261.5% during the 2nd quarter. UBS Group AG now owns 3,948 shares of the investment management company’s stock worth $44,000 after buying an additional 2,856 shares during the period. U.S. Capital Wealth Advisors LLC grew its position in shares of Stellus Capital Investment by 3.0% during the 2nd quarter. U.S. Capital Wealth Advisors LLC now owns 41,800 shares of the investment management company’s stock worth $465,000 after buying an additional 1,200 shares during the period. Finally, Millennium Management LLC grew its position in shares of Stellus Capital Investment by 184.3% during the 2nd quarter. Millennium Management LLC now owns 32,573 shares of the investment management company’s stock worth $363,000 after buying an additional 21,116 shares during the period. 13.75% of the stock is currently owned by institutional investors.

About Stellus Capital Investment

(Get Rating)

Stellus Capital Investment Corp., a traded business development company invests in companies located in the United States with an EBITDA of $5 to $50 million. 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.