Stellus Capital Investment (NYSE:SCM) Upgraded to Hold at StockNews.com

Stellus Capital Investment (NYSE:SCM) was upgraded by equities researchers at StockNews.com from a “sell” rating to a “hold” rating in a research report issued on Wednesday.

Stellus Capital Investment Stock Up 0.7 %

NYSE SCM opened at $14.34 on Wednesday. The business has a fifty day moving average price of $14.61 and a two-hundred day moving average price of $14.08. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.29 and a quick ratio of 0.29. Stellus Capital Investment has a fifty-two week low of $12.92 and a fifty-two week high of $15.56. The stock has a market capitalization of $394.50 million, a PE ratio of 7.31 and a beta of 1.07.

Stellus Capital Investment (NYSE:SCM) last released its earnings results on Tuesday, March 4th. The investment management company reported $0.37 earnings per share for the quarter, missing the consensus estimate of $0.41 by ($0.04). The business had revenue of $25.62 million for the quarter, compared to the consensus estimate of $26.60 million. Stellus Capital Investment had a return on equity of 13.49% and a net margin of 45.39%. Equities analysts expect that Stellus Capital Investment will post 1.74 earnings per share for the current fiscal year.

Institutional Trading of Stellus Capital Investment

A number of institutional investors and hedge funds have recently bought and sold shares of SCM. ORG Partners LLC acquired a new stake in Stellus Capital Investment during the 4th quarter worth about $29,000. JPMorgan Chase & Co. grew its holdings in Stellus Capital Investment by 70.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 14,949 shares of the investment management company’s stock worth $205,000 after acquiring an additional 6,197 shares during the period. Paloma Partners Management Co acquired a new stake in Stellus Capital Investment during the 3rd quarter worth about $226,000. Aquatic Capital Management LLC acquired a new stake in Stellus Capital Investment during the 4th quarter worth about $244,000. Finally, HighTower Advisors LLC bought a new position in shares of Stellus Capital Investment during the 4th quarter worth about $251,000. 13.22% of the stock is currently owned by institutional investors and hedge funds.

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.