Keefe, Bruyette & Woods Has Lowered Expectations for Stellus Capital Investment (NYSE:SCM) Stock Price

Stellus Capital Investment (NYSE:SCM) had its target price lowered by investment analysts at Keefe, Bruyette & Woods from $13.50 to $13.00 in a report issued on Tuesday,Benzinga reports. The brokerage presently has a “market perform” rating on the investment management company’s stock. Keefe, Bruyette & Woods’ target price suggests a potential upside of 7.90% from the company’s previous close.

Separately, StockNews.com downgraded shares of Stellus Capital Investment from a “hold” rating to a “sell” rating in a report on Thursday, March 27th.

Stellus Capital Investment Stock Performance

SCM traded up $0.18 during trading on Tuesday, reaching $12.05. 145,378 shares of the company were exchanged, compared to its average volume of 161,922. Stellus Capital Investment has a 52 week low of $11.53 and a 52 week high of $15.56. The stock has a market cap of $331.56 million, a P/E ratio of 6.15 and a beta of 0.84. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 1.15. The firm has a 50 day moving average of $14.51 and a 200 day moving average of $14.10.

Stellus Capital Investment (NYSE:SCM) last issued its quarterly earnings data on Tuesday, March 4th. The investment management company reported $0.37 earnings per share for the quarter, missing the consensus estimate of $0.41 by ($0.04). Stellus Capital Investment had a net margin of 45.39% and a return on equity of 13.49%. The firm had revenue of $25.62 million during the quarter, compared to the consensus estimate of $26.60 million. On average, sell-side analysts forecast that Stellus Capital Investment will post 1.74 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. ORG Partners LLC acquired a new stake in shares of Stellus Capital Investment during the 4th quarter valued at $29,000. JPMorgan Chase & Co. raised its holdings 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 worth $205,000 after acquiring an additional 6,197 shares in the last quarter. Aquatic Capital Management LLC acquired a new stake in Stellus Capital Investment during the fourth quarter valued at $244,000. HighTower Advisors LLC acquired a new position in Stellus Capital Investment in the 4th quarter worth about $251,000. Finally, Northern Trust Corp raised its stake in shares of Stellus Capital Investment by 30.1% during the 4th quarter. Northern Trust Corp now owns 22,973 shares of the investment management company’s stock worth $316,000 after purchasing an additional 5,314 shares in the last quarter. 13.22% of the stock is owned by hedge funds and other institutional investors.

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 prefers to invest in US and Canada.