Stellus Capital Investment (NYSE:SCM) Stock Price Crosses Above Two Hundred Day Moving Average of $13.43

Stellus Capital Investment Co. (NYSE:SCM) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $13.43 and traded as high as $14.17. Stellus Capital Investment shares last traded at $14.12, with a volume of 125,331 shares.

Analysts Set New Price Targets

Separately, B. Riley upgraded Stellus Capital Investment from a “sell” rating to a “neutral” rating and upped their target price for the stock from $12.50 to $13.25 in a research report on Monday, May 13th.

Stellus Capital Investment Stock Performance

The firm’s 50 day simple moving average is $13.92 and its 200-day simple moving average is $13.43. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.31 and a current ratio of 0.31. The company has a market capitalization of $340.59 million, a price-to-earnings ratio of 13.07 and a beta of 1.17.

Stellus Capital Investment (NYSE:SCM) last announced its earnings results on Thursday, May 9th. The investment management company reported $0.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.46 by ($0.02). Stellus Capital Investment had a net margin of 24.08% and a return on equity of 14.08%. The firm had revenue of $26.00 million for the quarter, compared to analyst estimates of $25.98 million. During the same period last year, the firm earned $0.45 earnings per share. Analysts expect that Stellus Capital Investment Co. will post 1.73 EPS for the current year.

Institutional Investors Weigh In On Stellus Capital Investment

Large investors have recently bought and sold shares of the business. Virtu Financial LLC bought a new stake in Stellus Capital Investment during the first quarter valued at about $143,000. Edge Financial Advisors LLC bought a new stake in Stellus Capital Investment during the first quarter valued at about $160,000. Jump Financial LLC boosted its holdings in Stellus Capital Investment by 5.8% during the fourth quarter. Jump Financial LLC now owns 19,600 shares of the investment management company’s stock valued at $252,000 after acquiring an additional 1,081 shares during the period. CANADA LIFE ASSURANCE Co boosted its holdings in Stellus Capital Investment by 4.2% during the first quarter. CANADA LIFE ASSURANCE Co now owns 20,395 shares of the investment management company’s stock valued at $267,000 after acquiring an additional 827 shares during the period. Finally, Trexquant Investment LP acquired a new position in shares of Stellus Capital Investment during the fourth quarter valued at about $377,000. 13.22% of the stock is currently owned by 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.