Stellus Capital Investment (NYSE:SCM) Stock Rating Upgraded by StockNews.com

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

Stellus Capital Investment Stock Up 0.0 %

Shares of SCM traded up $0.01 during midday trading on Wednesday, reaching $14.23. 252,642 shares of the stock were exchanged, compared to its average volume of 155,492. Stellus Capital Investment has a 52 week low of $12.92 and a 52 week high of $15.56. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 1.15. The company’s 50 day moving average is $14.60 and its two-hundred day moving average is $14.08. The company has a market capitalization of $391.47 million, a P/E ratio of 7.26 and a beta of 1.07.

Stellus Capital Investment (NYSE:SCM) last posted its quarterly earnings results on Tuesday, March 4th. The investment management company reported $0.37 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.04). Stellus Capital Investment had a return on equity of 13.49% and a net margin of 45.39%. The firm had revenue of $25.62 million for the quarter, compared to the consensus estimate of $26.60 million. On average, sell-side analysts anticipate that Stellus Capital Investment will post 1.74 earnings per share for the current year.

Institutional Investors Weigh In On Stellus Capital Investment

A number of hedge funds have recently made changes to their positions in SCM. ORG Partners LLC purchased a new stake in shares of Stellus Capital Investment during the 4th quarter worth $29,000. JPMorgan Chase & Co. lifted its stake in shares of 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 purchasing an additional 6,197 shares during the last quarter. Paloma Partners Management Co purchased a new stake in shares of Stellus Capital Investment during the 3rd quarter worth $226,000. Aquatic Capital Management LLC purchased a new stake in Stellus Capital Investment in the fourth quarter valued at about $244,000. Finally, HighTower Advisors LLC purchased a new stake in Stellus Capital Investment in the fourth quarter valued at about $251,000. 13.22% of the stock is currently owned by hedge funds and other institutional investors.

About Stellus Capital Investment

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.