Stellus Capital Investment (NYSE:SCM) Stock Price Passes Above 200-Day Moving Average – Here’s What Happened

Stellus Capital Investment Corporation (NYSE:SCM)’s stock price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $13.32 and traded as high as $13.35. Stellus Capital Investment shares last traded at $13.2870, with a volume of 156,944 shares traded.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of Stellus Capital Investment in a research report on Monday, December 29th. Zacks Research raised shares of Stellus Capital Investment from a “strong sell” rating to a “hold” rating in a research note on Thursday, November 13th. Finally, Wall Street Zen cut Stellus Capital Investment from a “hold” rating to a “sell” rating in a research report on Sunday, November 9th. Three research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $13.00.

Stellus Capital Investment Stock Performance

The company has a current ratio of 0.10, a quick ratio of 0.10 and a debt-to-equity ratio of 1.24. The firm has a market capitalization of $384.62 million, a P/E ratio of 12.19 and a beta of 0.66. The business’s 50 day simple moving average is $12.44 and its two-hundred day simple moving average is $13.32.

Stellus Capital Investment (NYSE:SCM) last posted its quarterly earnings results on Monday, November 10th. The investment management company reported $0.34 EPS for the quarter, beating analysts’ consensus estimates of $0.30 by $0.04. Stellus Capital Investment had a net margin of 29.77% and a return on equity of 10.72%. The firm had revenue of $26.28 million for the quarter, compared to analysts’ expectations of $25.97 million. Sell-side analysts anticipate that Stellus Capital Investment Corporation will post 1.74 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Muzinich & Co. Inc. boosted its holdings in shares of Stellus Capital Investment by 65.3% during the 2nd quarter. Muzinich & Co. Inc. now owns 144,005 shares of the investment management company’s stock valued at $2,007,000 after acquiring an additional 56,885 shares during the last quarter. Inspire Advisors LLC lifted its position in Stellus Capital Investment by 155.5% during the second quarter. Inspire Advisors LLC now owns 62,530 shares of the investment management company’s stock valued at $872,000 after purchasing an additional 38,059 shares during the period. Corient Private Wealth LLC boosted its holdings in Stellus Capital Investment by 19.4% in the second quarter. Corient Private Wealth LLC now owns 253,763 shares of the investment management company’s stock worth $3,537,000 after purchasing an additional 41,305 shares during the last quarter. Condor Capital Management boosted its holdings in Stellus Capital Investment by 3.2% in the second quarter. Condor Capital Management now owns 197,552 shares of the investment management company’s stock worth $2,754,000 after purchasing an additional 6,160 shares during the last quarter. Finally, Ameritas Advisory Services LLC bought a new stake in Stellus Capital Investment in the 2nd quarter worth approximately $34,000. Hedge funds and other institutional investors own 13.22% of the company’s stock.

Stellus Capital Investment Company Profile

Stellus Capital Investment Corporation (NYSE: SCM) is a closed-end, externally managed business development company that provides debt and equity financing to middle market companies in the United States. As an investment vehicle specializing in private credit, Stellus focuses on originating and structuring senior secured loans, unitranche facilities, mezzanine debt, and equity co-investments tailored to the unique needs of growing businesses. Its flexible capital solutions are designed to support acquisitions, recapitalizations, growth initiatives, and balance sheet refinancings.

Operating under an evergreen structure, Stellus Capital Investment partners with a diverse group of portfolio companies across industries such as manufacturing, healthcare, business services, and specialty finance.