Stellus Capital Investment (NYSE:SCM) Price Target Lowered to $9.00 at Keefe, Bruyette & Woods

Stellus Capital Investment (NYSE:SCM) had its price target decreased by Keefe, Bruyette & Woods from $13.00 to $9.00 in a research report released on Monday,Benzinga reports. Keefe, Bruyette & Woods currently has a market perform rating on the investment management company’s stock.

Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Stellus Capital Investment in a report on Monday, December 29th. Three investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, Stellus Capital Investment has an average rating of “Hold” and an average target price of $9.00.

Stellus Capital Investment Stock Down 0.6%

Shares of SCM stock opened at $8.72 on Monday. Stellus Capital Investment has a 12 month low of $8.43 and a 12 month high of $15.39. The stock has a market cap of $252.44 million, a P/E ratio of 9.28 and a beta of 0.68. The company has a current ratio of 0.14, a quick ratio of 0.14 and a debt-to-equity ratio of 1.13. The company has a 50 day simple moving average of $11.56 and a two-hundred day simple moving average of $12.33.

Stellus Capital Investment (NYSE:SCM) last issued its quarterly earnings results on Wednesday, March 11th. The investment management company reported $0.29 earnings per share for the quarter, missing the consensus estimate of $0.31 by ($0.02). Stellus Capital Investment had a return on equity of 10.28% and a net margin of 26.48%.The business had revenue of $23.98 million for the quarter, compared to analysts’ expectations of $26.33 million. On average, research analysts expect that Stellus Capital Investment will post 1.74 earnings per share for the current year.

Stellus Capital Investment Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st will be paid a dividend of $0.1133 per share. The ex-dividend date is Tuesday, March 31st. This represents a c) dividend on an annualized basis and a yield of 15.6%. Stellus Capital Investment’s dividend payout ratio (DPR) is presently 144.68%.

Hedge Funds Weigh In On Stellus Capital Investment

A number of hedge funds have recently modified their holdings of SCM. Royal Bank of Canada increased its stake in shares of Stellus Capital Investment by 15.8% in the first quarter. Royal Bank of Canada now owns 27,882 shares of the investment management company’s stock worth $390,000 after purchasing an additional 3,808 shares in the last quarter. Jane Street Group LLC purchased a new position in shares of Stellus Capital Investment during the 1st quarter valued at $157,000. Inspire Advisors LLC lifted its stake in shares of Stellus Capital Investment by 155.5% during the 2nd quarter. Inspire Advisors LLC now owns 62,530 shares of the investment management company’s stock valued at $872,000 after buying an additional 38,059 shares in the last quarter. Legal & General Group Plc boosted its holdings in Stellus Capital Investment by 3.0% in the 2nd quarter. Legal & General Group Plc now owns 184,006 shares of the investment management company’s stock worth $2,565,000 after buying an additional 5,417 shares during the period. Finally, Laurel Wealth Advisors LLC bought a new position in Stellus Capital Investment in the 2nd quarter worth $405,000. 13.22% of the stock is currently owned by institutional investors.

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.