Stellus Capital Investment (NYSE:SCM) Stock Price Crosses Above Two Hundred Day Moving Average of $13.05

Stellus Capital Investment Co. (NYSE:SCM)’s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $13.05 and traded as high as $14.23. Stellus Capital Investment shares last traded at $14.00, with a volume of 142,761 shares changing hands.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on SCM shares. B. Riley reiterated a “sell” rating and issued a $12.50 price target (down previously from $13.00) on shares of Stellus Capital Investment in a report on Wednesday, March 6th. StockNews.com upgraded shares of Stellus Capital Investment from a “sell” rating to a “hold” rating in a report on Wednesday, March 13th. Finally, Oppenheimer reissued a “market perform” rating and issued a $14.00 price objective on shares of Stellus Capital Investment in a research report on Wednesday, March 6th.

Stellus Capital Investment Stock Performance

The stock’s 50-day moving average price is $13.33 and its 200 day moving average price is $13.05. The company has a debt-to-equity ratio of 1.31, a current ratio of 0.20 and a quick ratio of 0.20. The firm has a market cap of $337.82 million, a P/E ratio of 17.95 and a beta of 1.14.

Stellus Capital Investment (NYSE:SCM) last announced its quarterly earnings data on Tuesday, March 5th. The investment management company reported $0.45 EPS for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.01). The business had revenue of $28.02 million during the quarter, compared to the consensus estimate of $27.20 million. Stellus Capital Investment had a return on equity of 14.01% and a net margin of 16.56%. During the same period in the prior year, the firm earned $0.44 EPS. As a group, equities analysts predict that Stellus Capital Investment Co. will post 1.77 EPS for the current year.

Stellus Capital Investment Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, July 15th. Shareholders of record on Friday, June 28th will be given a dividend of $0.1333 per share. This represents a $1.60 annualized dividend and a yield of 11.43%. The ex-dividend date of this dividend is Friday, June 28th. Stellus Capital Investment’s dividend payout ratio (DPR) is currently 205.13%.

Institutional Trading of Stellus Capital Investment

Several institutional investors and hedge funds have recently added to or reduced their stakes in SCM. Icon Wealth Advisors LLC bought a new stake in Stellus Capital Investment during the fourth quarter worth $1,684,000. PFG Investments LLC bought a new stake in Stellus Capital Investment during the first quarter worth $814,000. Raymond James & Associates raised its position in Stellus Capital Investment by 19.0% during the third quarter. Raymond James & Associates now owns 234,291 shares of the investment management company’s stock worth $3,186,000 after acquiring an additional 37,427 shares in the last quarter. Trexquant Investment LP bought a new stake in Stellus Capital Investment during the fourth quarter worth $377,000. Finally, Virtus ETF Advisers LLC raised its position in Stellus Capital Investment by 129.8% during the third quarter. Virtus ETF Advisers LLC now owns 43,058 shares of the investment management company’s stock worth $586,000 after acquiring an additional 24,317 shares in the last quarter. 13.22% of the stock is owned by institutional investors.

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 prefers to invest in US and Canada.