According to Zacks, “Stellus Capital Investment Corporation is a closed-end, non-diversified management investment company. The Company’s investment objective is to maximize the total return to its stockholders in the form of current income and capital appreciation by investing primarily in private middle-market companies. “
SCM has been the topic of several other reports. Oppenheimer downgraded shares of Stellus Capital Investment from an “outperform” rating to a “market perform” rating in a report on Monday, August 12th. CIBC reaffirmed a “market perform” rating on shares of Stellus Capital Investment in a research note on Monday, August 12th.
SCM stock traded up $0.01 during midday trading on Wednesday, hitting $14.27. 37,234 shares of the company’s stock were exchanged, compared to its average volume of 85,531. Stellus Capital Investment has a one year low of $11.65 and a one year high of $15.30. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.19 and a current ratio of 0.19. The company has a market cap of $269.09 million, a PE ratio of 10.05 and a beta of 0.71. The stock’s fifty day moving average price is $14.01 and its 200-day moving average price is $13.83.
Stellus Capital Investment (NYSE:SCM) last released its quarterly earnings results on Thursday, November 7th. The investment management company reported $0.31 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.31. Stellus Capital Investment had a return on equity of 9.44% and a net margin of 45.89%. The company had revenue of $15.52 million for the quarter, compared to analyst estimates of $14.61 million. On average, analysts expect that Stellus Capital Investment will post 1.32 EPS for the current year.
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. NEXT Financial Group Inc bought a new stake in Stellus Capital Investment in the 2nd quarter valued at approximately $41,000. Stifel Financial Corp acquired a new stake in Stellus Capital Investment in the 3rd quarter valued at $144,000. Eagle Global Advisors LLC acquired a new stake in Stellus Capital Investment in the 2nd quarter valued at $177,000. Resources Investment Advisors LLC. bought a new stake in Stellus Capital Investment during the 2nd quarter worth about $201,000. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new stake in Stellus Capital Investment during the 2nd quarter worth about $234,000. 16.43% 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 seeks to invest in companies with an EBITDA between $5 million and $50 million.
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