Stellus Capital Investment (NYSE:SCM) Stock Crosses Above 200-Day Moving Average – What’s Next?

Shares of Stellus Capital Investment Co. (NYSE:SCM) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $13.88 and traded as high as $14.34. Stellus Capital Investment shares last traded at $14.26, with a volume of 136,257 shares changing hands.

Stellus Capital Investment Trading Up 0.9 %

The firm has a market capitalization of $345.73 million, a PE ratio of 13.27 and a beta of 1.15. The company’s 50-day simple moving average is $13.80 and its 200 day simple moving average is $13.88. The company has a quick ratio of 0.26, a current ratio of 0.26 and a debt-to-equity ratio of 1.21.

Stellus Capital Investment (NYSE:SCM) last announced its quarterly earnings data on Wednesday, August 7th. The investment management company reported $0.50 EPS for the quarter, beating the consensus estimate of $0.44 by $0.06. The firm had revenue of $26.63 million during the quarter, compared to analyst estimates of $26.41 million. Stellus Capital Investment had a net margin of 28.55% and a return on equity of 14.15%. As a group, sell-side analysts expect that Stellus Capital Investment Co. will post 1.84 EPS for the current year.

Stellus Capital Investment Increases Dividend

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be given a $0.1333 dividend. This is a positive change from Stellus Capital Investment’s previous monthly dividend of $0.13. This represents a $1.60 annualized dividend and a dividend yield of 11.16%. The ex-dividend date of this dividend is Tuesday, December 31st. Stellus Capital Investment’s dividend payout ratio (DPR) is presently 148.15%.

Hedge Funds Weigh In On Stellus Capital Investment

Hedge funds and other institutional investors have recently modified their holdings of the stock. PSI Advisors LLC raised its position in Stellus Capital Investment by 91.7% during the 2nd quarter. PSI Advisors LLC now owns 2,300 shares of the investment management company’s stock worth $32,000 after buying an additional 1,100 shares during the last quarter. Chilton Capital Management LLC raised its position in Stellus Capital Investment by 15.2% during the 2nd quarter. Chilton Capital Management LLC now owns 7,600 shares of the investment management company’s stock worth $104,000 after buying an additional 1,000 shares during the last quarter. Virtu Financial LLC purchased a new position in Stellus Capital Investment during the 1st quarter worth approximately $143,000. Edge Financial Advisors LLC purchased a new position in Stellus Capital Investment during the 1st quarter worth approximately $160,000. Finally, Concurrent Investment Advisors LLC purchased a new position in Stellus Capital Investment during the 2nd quarter worth approximately $211,000. 13.22% of the stock is owned by hedge funds and other institutional investors.

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.