Stellus Capital Investment (NYSE:SCM) stock price breaks below the 200-day moving average of $13.19

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Stellus Capital Investment Co. (NYSE:SCM – Get Rating) fell below its 200-day moving average during Monday’s trading. The stock has a 200-day moving average of $13.19 and is trading as low as $12.01. Shares of Stellus Capital Investment last traded at $12.08, with volume traded at 52,057 shares.

The SCM has been the subject of several analyst reports. StockNews.com began covering Stellus Capital Investment stocks in a research report on Thursday, March 31. They issued a “holding” rating on the stock. The Hovde Group downgraded shares of Stellus Capital Investment from an “outperforming” rating to a “market performing” rating in a research report on Wednesday, March 23.

The company’s fifty-day simple moving average is $12.33 and its 200-day simple moving average is $13.19. The company has a current ratio of 0.14, a quick ratio of 0.14 and a debt ratio of 1.27. The stock has a market capitalization of $236.12 million, a P/E ratio of 6.90 and a beta of 1.17.

Stellus Capital Investment (NYSE:SCM – Get Rating) last released its results on Wednesday, May 11. The investment management firm reported earnings per share (EPS) of $0.29 for the quarter, missing analyst consensus estimates of $0.31 per ($0.02). The company posted revenue of $15.49 million for the quarter, versus analyst estimates of $16.73 million. Stellus Capital Investment posted a net margin of 51.94% and a return on equity of 8.61%. In the same quarter a year earlier, the company posted earnings per share of $0.28. On average, analysts expect Stellus Capital Investment Co. to post 1.18 earnings per share for the current fiscal year.

The company also recently declared a monthly dividend, which will be paid on Friday, July 15. Shareholders of record on Thursday, June 30 will receive a dividend of $0.0933 per share. The ex-date of this dividend is Wednesday, June 29. This represents an annualized dividend of $1.12 and a dividend yield of 9.27%. Stellus Capital Investment’s dividend payout ratio is currently 64.00%.

Separately, director Dean D’angelo purchased 2,500 shares of the company in a transaction dated Thursday, June 16. The shares were purchased at an average price of $11.38 per share, with a total value of $28,450.00. Following the completion of the acquisition, the director now owns 196,682 shares of the company, valued at $2,238,241.16. The purchase was disclosed in a document filed with the SEC, which is available via this link. Additionally, CEO Robert T. Ladd acquired 8,834 shares in a trade dated Wednesday, May 18. The shares were purchased at an average cost of $12.86 per share, with a total value of $113,605.24. As a result of the purchase, the CEO now directly owns 626,581 shares of the company, valued at $8,057,831.66. Disclosure of this purchase can be found here. Insiders have purchased 18,334 shares of the company valued at $223,515 over the past three months. 5.30% of the shares are held by insiders of the company.

Hedge funds have recently changed their positions in the business. Envestnet Asset Management Inc. bought a new stock position in Stellus Capital Investment in Q1 worth $163,000. Eagle Global Advisors LLC increased its stake in Stellus Capital Investment by 68.5% during the 4th quarter. Eagle Global Advisors LLC now owns 18,550 shares of the investment management firm valued at $242,000 after acquiring an additional 7,540 shares last quarter. Buckingham Strategic Partners purchased a new equity stake from Stellus Capital Investment during Q1 valued at $275,000. Raymond James Financial Services Advisors Inc. increased its stake in shares of Stellus Capital Investment by 47.5% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 27,279 shares of the investment management company worth $379,000 after purchasing 8,784 additional shares during the period. Finally, US Capital Wealth Advisors LLC increased its stake in Stellus Capital Investment by 58.6% in the 4th quarter. US Capital Wealth Advisors LLC now owns 40,600 shares of the investment management company worth $529,000 after acquiring 15,000 additional shares in the last quarter. 16.41% of the shares are held by institutional investors.

Stellus Capital Investment Company Profile (NYSE: SCM)

Stellus Capital Investment Corporation is a business development firm specializing in investing in middle market private companies. It invests through senior, second-tier, unitranche and mezzanine debt, often with a matching equity investment. The fund prefers to invest in the United States and Canada.

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