Stellus Capital Investment (NYSE:SCM) Rating Lowered to Sell at StockNews.com

Stellus Capital Investment (NYSE:SCM) was downgraded by research analysts at StockNews.com from a “hold” rating to a “sell” rating in a research note issued on Thursday.

Stellus Capital Investment Stock Down 1.7 %

SCM stock opened at $14.26 on Thursday. The business’s 50-day moving average price is $14.67 and its 200-day moving average price is $14.11. The stock has a market cap of $392.44 million, a P/E ratio of 7.28 and a beta of 1.07. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 1.15. Stellus Capital Investment has a twelve month low of $12.92 and a twelve month high of $15.56.

Stellus Capital Investment (NYSE:SCM) last issued its quarterly 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 firm had revenue of $25.62 million for the quarter, compared to analysts’ expectations of $26.60 million. Stellus Capital Investment had a net margin of 45.39% and a return on equity of 13.49%. On average, equities research analysts forecast that Stellus Capital Investment will post 1.74 EPS for the current year.

Hedge Funds Weigh In On Stellus Capital Investment

Several large investors have recently made changes to their positions in the business. Paloma Partners Management Co purchased a new stake in shares of Stellus Capital Investment during the third quarter worth about $226,000. JPMorgan Chase & Co. lifted its holdings in Stellus Capital Investment by 70.8% in 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 in the last quarter. ORG Partners LLC bought a new position in Stellus Capital Investment in the 4th quarter worth approximately $29,000. PFG Investments LLC grew its holdings in Stellus Capital Investment by 2.2% during the 4th quarter. PFG Investments LLC now owns 64,339 shares of the investment management company’s stock valued at $885,000 after buying an additional 1,385 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in Stellus Capital Investment during the 4th quarter valued at approximately $3,328,000. 13.22% of the stock is currently owned by hedge funds and other institutional investors.

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.