Stellus Capital Investment (NYSE:SCM) downgraded by Zacks Investment Research for sale


Stellus Private Equity (NYSE: SCMGet a rating) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report released on Tuesday, Zacks.com reports.

According to Zacks, “Stellus Capital Investment Corporation is a closed-end, non-diversified investment company. The Company’s investment objective is to maximize total return to its shareholders in the form of current income and capital appreciation by investing primarily in private, middle-market companies. “

The SCM has been the subject of several other reports. StockNews.com launched coverage on Stellus Capital Investment in a research note on Thursday, March 31. They issued a “holding” rating on the stock. The Hovde Group downgraded shares of Stellus Capital Investment from an “outperforming” rating to a “market performing” rating in a research report on Wednesday, March 23. One equity research analyst gave the stock a sell rating, two gave the company a hold rating and two gave the company a buy rating. According to data from MarketBeat.com, Stellus Capital Investment currently has a consensus rating of “Hold” and a consensus target price of $15.17.

NYSE SCM traded down $0.16 during Tuesday’s trading, hitting $13.18. The company had a trading volume of 231 shares, compared to its average volume of 73,463. The company’s fifty-day moving average is $13.74 and its 200-day moving average is $13.60 . Stellus Capital Investment has a one-year low of $12.10 and a one-year high of $14.74. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt ratio of 1.20. The company has a market capitalization of $257.67 million, a price-earnings ratio of 7.53 and a beta of 1.16.

Stellus Private Equity (NYSE: SCMGet a rating) last released its quarterly results on Wednesday, May 11. The investment management firm reported earnings per share (EPS) of $0.28 for the quarter, missing analyst consensus estimates of $0.30 per ($0.02). Stellus Capital Investment achieved a return on equity of 11.55% and a net margin of 51.94%. In the same quarter of the previous year, the company had earned earnings per share of $0.28. As a group, stock analysts expect Stellus Capital Investment to post EPS of 1.21 for the current year.

Several large investors have recently changed their positions in SCM. Raymond James & Associates increased its position in shares of Stellus Capital Investment by 11.5% in the fourth quarter. Raymond James & Associates now owns 231,246 shares of the investment management firm valued at $3,011,000 after acquiring an additional 23,924 shares last quarter. Eagle Global Advisors LLC increased its holdings of Stellus Capital Investment shares by 68.5% in Q4. Eagle Global Advisors LLC now owns 18,550 shares of the investment management firm worth $242,000 after acquiring an additional 7,540 shares in the last quarter. Ares Management LLC increased its stake in Stellus Capital Investment by 1.4% during the third quarter. Ares Management LLC now owns 849,378 shares of the investment management company valued at $11,093,000 after purchasing an additional 12,002 shares in the last quarter. Rockefeller Capital Management LP increased its position in Stellus Capital Investment by 2.2% in the third quarter. Rockefeller Capital Management LP now owns 47,851 shares of the investment management company worth $624,000 after buying 1,021 additional shares during the period. Finally, Two Sigma Advisers LP increased its stake in Stellus Capital Investment by 41.9% in the third quarter. Two Sigma Advisers LP now owns 64,000 shares of the investment management company worth $836,000 after buying an additional 18,900 shares in the last quarter. 16.41% of the shares are currently held by hedge funds and other institutional investors.

About Stellus Capital Investment (Get a rating)

Stellus Capital Investment Corporation is a business development firm specializing in investing in middle market private companies. It invests through senior, second-tier, unitranche and mezzanine debt, often with a matching equity investment. The fund prefers to invest in the United States and Canada.

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