Stellus Capital Investment (NYSE:SCM) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report issued on Saturday. The firm currently has a $15.00 target price on the investment management company’s stock. Zacks Investment Research‘s price objective suggests a potential upside of 14.68% from the company’s current price.
According to Zacks, “Stellus Capital Investment Corporation is a closed-end, non-diversified management investment company. The Company’s investment objective is to maximize the total return to its stockholders in the form of current income and capital appreciation by investing primarily in private middle-market companies. “
A number of other research analysts have also recently issued reports on the company. ValuEngine raised Stellus Capital Investment from a “sell” rating to a “hold” rating in a report on Tuesday, September 4th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $14.00 price target on shares of Stellus Capital Investment in a report on Thursday, August 9th.
Stellus Capital Investment stock opened at $13.08 on Friday. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.21 and a quick ratio of 0.21. Stellus Capital Investment has a 12-month low of $11.07 and a 12-month high of $14.10. The stock has a market capitalization of $208.52 million, a P/E ratio of 10.81 and a beta of 0.68.
Stellus Capital Investment (NYSE:SCM) last released its quarterly earnings results on Wednesday, November 7th. The investment management company reported $0.35 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.34 by $0.01. Stellus Capital Investment had a return on equity of 8.65% and a net margin of 60.59%. The business had revenue of $14.49 million during the quarter, compared to analysts’ expectations of $13.58 million. As a group, sell-side analysts predict that Stellus Capital Investment will post 1.28 EPS for the current fiscal year.
A hedge fund recently bought a new stake in Stellus Capital Investment stock. LPL Financial LLC acquired a new position in shares of Stellus Capital Investment Corp (NYSE:SCM) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 11,970 shares of the investment management company’s stock, valued at approximately $138,000. LPL Financial LLC owned about 0.08% of Stellus Capital Investment at the end of the most recent quarter. 20.76% of the stock is currently owned by institutional investors and hedge funds.
About Stellus Capital Investment
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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