Stellus Capital Investment (NYSE:SCM) Downgraded to “Market Perform” at Oppenheimer

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Oppenheimer lowered shares of Stellus Capital Investment (NYSE:SCM) from an outperform rating to a market perform rating in a report published on Monday, BenzingaRatingsTable reports.

Other research analysts have also issued reports about the stock. TheStreet upgraded shares of Stellus Capital Investment from a c+ rating to a b rating in a research note on Wednesday, June 5th. Zacks Investment Research lowered shares of Stellus Capital Investment from a hold rating to a sell rating in a research note on Thursday, July 11th. One analyst has rated the stock with a sell rating and three have assigned a hold rating to the company’s stock. Stellus Capital Investment has a consensus rating of Hold and a consensus price target of $15.00.

NYSE SCM opened at $12.80 on Monday. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.36 and a current ratio of 0.36. The firm has a market cap of $246.91 million, a PE ratio of 9.01 and a beta of 0.67. Stellus Capital Investment has a one year low of $11.65 and a one year high of $15.30. The firm’s fifty day moving average is $14.07 and its two-hundred day moving average is $14.20.

Stellus Capital Investment (NYSE:SCM) last posted its quarterly earnings data on Friday, August 9th. The investment management company reported $0.29 EPS for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.03). The business had revenue of $14.17 million during the quarter, compared to analyst estimates of $14.16 million. Stellus Capital Investment had a net margin of 47.43% and a return on equity of 10.09%. Research analysts predict that Stellus Capital Investment will post 1.29 earnings per share for the current year.

The firm also recently disclosed a dividend, which will be paid on Friday, September 13th. Shareholders of record on Friday, August 30th will be paid a $0.113 dividend. The ex-dividend date is Thursday, August 29th. Stellus Capital Investment’s dividend payout ratio is presently 95.77%.

A number of hedge funds and other institutional investors have recently bought and sold shares of SCM. Advantage Investment Management LLC boosted its holdings in shares of Stellus Capital Investment by 9.5% in the second quarter. Advantage Investment Management LLC now owns 19,912 shares of the investment management company’s stock valued at $275,000 after acquiring an additional 1,733 shares in the last quarter. Oppenheimer & Co. Inc. boosted its holdings in Stellus Capital Investment by 5.1% during the first quarter. Oppenheimer & Co. Inc. now owns 40,804 shares of the investment management company’s stock worth $577,000 after buying an additional 1,977 shares in the last quarter. Gables Capital Management Inc. boosted its holdings in Stellus Capital Investment by 1.6% during the second quarter. Gables Capital Management Inc. now owns 130,098 shares of the investment management company’s stock worth $1,799,000 after buying an additional 2,033 shares in the last quarter. TCG Advisors LP purchased a new stake in Stellus Capital Investment during the first quarter worth about $35,000. Finally, Icon Wealth Partners LLC purchased a new stake in Stellus Capital Investment during the first quarter worth about $42,000. Institutional investors own 17.24% of the company’s stock.

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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