Stellus Capital Investment (SCM) Rating Increased to Strong-Buy at ValuEngine
Stellus Capital Investment (NYSE:SCM) was upgraded by equities research analysts at ValuEngine from a “buy” rating to a “strong-buy” rating in a research report issued to clients and investors on Friday.
A number of other equities research analysts have also commented on SCM. Ladenburg Thalmann Financial Services initiated coverage on shares of Stellus Capital Investment in a report on Monday, September 25th. They set a “buy” rating and a $14.50 price objective on the stock. Keefe, Bruyette & Woods restated a “hold” rating and set a $14.00 price objective on shares of Stellus Capital Investment in a report on Friday, November 10th. Two investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $14.50.
Shares of Stellus Capital Investment (NYSE:SCM) opened at $13.80 on Friday. The company has a quick ratio of 0.44, a current ratio of 0.44 and a debt-to-equity ratio of 0.50. The firm has a market cap of $220.05, a price-to-earnings ratio of 10.53 and a beta of 0.53. Stellus Capital Investment has a twelve month low of $11.57 and a twelve month high of $14.82.
Stellus Capital Investment (NYSE:SCM) last issued its quarterly earnings data on Thursday, November 9th. The investment management company reported $0.29 EPS for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.02). Stellus Capital Investment had a return on equity of 9.35% and a net margin of 57.94%. The company had revenue of $9.98 million for the quarter. sell-side analysts anticipate that Stellus Capital Investment will post 1.25 EPS for the current year.
In other Stellus Capital Investment news, Director Dean D’angelo bought 12,500 shares of the firm’s stock in a transaction that occurred on Friday, December 8th. The stock was acquired at an average price of $12.31 per share, with a total value of $153,875.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Robert T. Ladd bought 55,693 shares of the firm’s stock in a transaction that occurred on Tuesday, November 14th. The stock was acquired at an average cost of $12.47 per share, with a total value of $694,491.71. The disclosure for this purchase can be found here. In the last ninety days, insiders purchased 196,686 shares of company stock valued at $2,439,120. 4.20% of the stock is owned by insiders.
Institutional investors have recently added to or reduced their stakes in the stock. Ares Management LLC grew its position in Stellus Capital Investment by 77.0% in the second quarter. Ares Management LLC now owns 338,937 shares of the investment management company’s stock valued at $4,646,000 after purchasing an additional 147,406 shares in the last quarter. Raymond James Financial Services Advisors Inc. grew its position in shares of Stellus Capital Investment by 7.4% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 35,593 shares of the investment management company’s stock valued at $488,000 after acquiring an additional 2,460 shares during the period. Muzinich & Co. Inc. grew its position in shares of Stellus Capital Investment by 23.8% in the 2nd quarter. Muzinich & Co. Inc. now owns 707,551 shares of the investment management company’s stock valued at $9,701,000 after acquiring an additional 135,828 shares during the period. Marshall Wace North America L.P. grew its position in shares of Stellus Capital Investment by 139.6% in the 2nd quarter. Marshall Wace North America L.P. now owns 42,070 shares of the investment management company’s stock valued at $589,000 after acquiring an additional 24,514 shares during the period. Finally, Dynamic Technology Lab Private Ltd bought a new position in shares of Stellus Capital Investment in the 2nd quarter valued at about $733,000. 27.11% of the stock is owned by institutional investors and hedge funds.
Stellus Capital Investment Company Profile
Stellus Capital Investment Corporation is a closed-end, non-diversified management investment company. The Company originates and invests primarily in private middle-market companies through first lien, second lien, unitranche and mezzanine debt financing, with corresponding equity co-investments. The Company’s investment objective is to maximize the total return to its stockholders in the form of current income and capital appreciation.
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