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

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

Stellus Capital Investment Price Performance

Shares of NYSE SCM opened at $14.53 on Thursday. The stock’s 50-day simple moving average is $14.66 and its two-hundred day simple moving average is $14.10. Stellus Capital Investment has a twelve month low of $12.92 and a twelve month high of $15.56. The firm has a market capitalization of $399.87 million, a P/E ratio of 7.41 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 (NYSE:SCM) last issued its quarterly earnings results on Tuesday, March 4th. The investment management company reported $0.37 EPS for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.04). The business had revenue of $25.62 million for the quarter, compared to the consensus estimate of $26.60 million. Stellus Capital Investment had a net margin of 45.39% and a return on equity of 13.49%. As a group, equities analysts anticipate that Stellus Capital Investment will post 1.74 EPS for the current fiscal year.

Institutional Investors Weigh In On Stellus Capital Investment

A number of large investors have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. boosted its position in shares of Stellus Capital Investment by 70.8% during the third quarter. JPMorgan Chase & Co. now owns 14,949 shares of the investment management company’s stock valued at $205,000 after purchasing an additional 6,197 shares in the last quarter. Corient Private Wealth LLC lifted its holdings in shares of Stellus Capital Investment by 48.3% during the fourth quarter. Corient Private Wealth LLC now owns 171,467 shares of the investment management company’s stock valued at $2,359,000 after purchasing an additional 55,841 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of Stellus Capital Investment in the 4th quarter worth approximately $345,000. ORG Partners LLC bought a new position in Stellus Capital Investment during the 4th quarter valued at approximately $29,000. Finally, Paloma Partners Management Co bought a new position in Stellus Capital Investment during the 3rd quarter valued at approximately $226,000. Institutional investors own 13.22% 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 prefers to invest in US and Canada.