Stellus Capital Investment (NYSE:SCM) Price Target Lowered to $8.00 at Keefe, Bruyette & Woods

Stellus Capital Investment (NYSE:SCM) had its price objective decreased by Keefe, Bruyette & Woods from $9.00 to $8.00 in a research note released on Monday morning,Benzinga reports. Keefe, Bruyette & Woods currently has a market perform rating on the investment management company’s stock.

Other research analysts also recently issued reports about the company. Zacks Research raised Stellus Capital Investment from a “strong sell” rating to a “hold” rating in a research note on Friday, May 15th. LADENBURG THALM/SH SH reduced their price objective on Stellus Capital Investment from $12.00 to $11.00 and set a “buy” rating for the company in a research note on Wednesday, May 13th. Wall Street Zen upgraded Stellus Capital Investment from a “sell” rating to a “hold” rating in a report on Saturday, May 16th. Finally, Weiss Ratings raised Stellus Capital Investment from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday, July 10th. One investment analyst has rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, Stellus Capital Investment presently has an average rating of “Hold” and an average target price of $9.50.

Stellus Capital Investment Price Performance

Shares of NYSE SCM opened at $7.08 on Monday. The firm’s 50-day moving average price is $8.65 and its 200-day moving average price is $10.01. Stellus Capital Investment has a 1-year low of $6.83 and a 1-year high of $15.15. The firm has a market capitalization of $204.99 million, a P/E ratio of 8.64 and a beta of 0.64. The company has a current ratio of 0.04, a quick ratio of 0.04 and a debt-to-equity ratio of 1.05.

Stellus Capital Investment (NYSE:SCM) last released its quarterly earnings data on Monday, May 11th. The investment management company reported $0.27 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.27. The company had revenue of $17.45 million for the quarter, compared to analysts’ expectations of $24.80 million. Stellus Capital Investment had a net margin of 23.59% and a return on equity of 9.69%. Equities research analysts anticipate that Stellus Capital Investment will post 1.06 earnings per share for the current fiscal year.

Stellus Capital Investment Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Thursday, October 15th. Investors of record on Wednesday, September 30th will be given a dividend of $0.0833 per share. The ex-dividend date of this dividend is Wednesday, September 30th. This represents a c) annualized dividend and a dividend yield of 14.1%. Stellus Capital Investment’s payout ratio is presently 165.85%.

Insider Transactions at Stellus Capital Investment

In other news, Director J Tim Arnoult acquired 9,000 shares of Stellus Capital Investment stock in a transaction on Tuesday, May 19th. The stock was acquired at an average cost of $9.05 per share, with a total value of $81,450.00. Following the transaction, the director owned 50,869 shares of the company’s stock, valued at approximately $460,364.45. This trade represents a 21.50% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last ninety days, insiders have bought 10,700 shares of company stock valued at $96,523. Corporate insiders own 4.24% of the company’s stock.

Hedge Funds Weigh In On Stellus Capital Investment

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Geneos Wealth Management Inc. purchased a new stake in shares of Stellus Capital Investment during the second quarter valued at approximately $25,000. Laurel Wealth Advisors LLC bought a new stake in Stellus Capital Investment during the fourth quarter worth $26,000. JPMorgan Chase & Co. purchased a new position in Stellus Capital Investment in the third quarter worth $28,000. BNP Paribas Financial Markets purchased a new position in Stellus Capital Investment in the second quarter worth $60,000. Finally, Kestra Advisory Services LLC bought a new position in Stellus Capital Investment in the 4th quarter valued at $62,000. 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.