StockNews.com Downgrades Stellus Capital Investment (NYSE:SCM) to Sell

Stellus Capital Investment (NYSE:SCM – Get Rating) was downgraded by equities researchers at StockNews.com from a “hold” rating to a “sell” rating in a report released on Friday.

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

Stellus Capital Investment Stock Up 0.2 %

Stellus Capital Investment stock opened at $14.70 on Friday. The company has a debt-to-equity ratio of 1.47, a current ratio of 0.26 and a quick ratio of 0.26. The stock has a market capitalization of $306.29 million, a PE ratio of 19.86 and a beta of 1.21. The business has a 50 day simple moving average of $14.20 and a 200-day simple moving average of $14.05. Stellus Capital Investment has a 12 month low of $11.02 and a 12 month high of $16.08.

Stellus Capital Investment (NYSE:SCM – Get Rating) last released its earnings results on Tuesday, February 28th. The investment management company reported $0.44 earnings per share for the quarter, beating the consensus estimate of $0.39 by $0.05. Stellus Capital Investment had a return on equity of 9.63% and a net margin of 19.29%. On average, analysts anticipate that Stellus Capital Investment will post 1.78 EPS for the current fiscal year.

Institutional Investors Weigh In On Stellus Capital Investment

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Tower Research Capital LLC TRC purchased a new position in shares of Stellus Capital Investment during the first quarter worth approximately $28,000. UBS Group AG grew its position in 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 purchasing an additional 2,856 shares during the last quarter. BNP Paribas Arbitrage SNC purchased a new position in Stellus Capital Investment during the 1st quarter worth $62,000. Envestnet Asset Management Inc. acquired a new position in Stellus Capital Investment in the first quarter valued at $163,000. Finally, Jump Financial LLC purchased a new stake in shares of Stellus Capital Investment in the first quarter valued at about $170,000. 13.75% of the stock is owned by hedge funds and other 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. 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.