Stellus Capital Investment Co. (NYSE:SCM – Get Free Report) was the target of a large growth in short interest during the month of February. As of February 28th, there was short interest totalling 461,100 shares, a growth of 41.1% from the February 13th total of 326,800 shares. Currently, 1.8% of the shares of the stock are short sold. Based on an average daily trading volume, of 167,100 shares, the days-to-cover ratio is currently 2.8 days.
Analyst Ratings Changes
Separately, StockNews.com cut shares of Stellus Capital Investment from a “hold” rating to a “sell” rating in a research report on Friday, March 7th.
View Our Latest Analysis on Stellus Capital Investment
Institutional Inflows and Outflows
Stellus Capital Investment Price Performance
NYSE:SCM traded up $0.21 during trading hours on Friday, reaching $13.97. 332,543 shares of the company traded hands, compared to its average volume of 154,477. Stellus Capital Investment has a 1-year low of $12.92 and a 1-year high of $15.56. The stock has a market cap of $384.32 million, a P/E ratio of 7.13 and a beta of 1.07. The firm’s 50-day moving average is $14.57 and its 200-day moving average is $14.07. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.29 and a quick ratio of 0.29.
Stellus Capital Investment (NYSE:SCM – Get Free Report) last announced its earnings results 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 analyst estimates of $26.60 million. Equities research analysts expect that Stellus Capital Investment will post 1.74 earnings per share for the current fiscal year.
Stellus Capital Investment Announces Dividend
The company also recently announced a dividend, which was paid on Friday, February 14th. Shareholders of record on Monday, February 3rd were paid a $0.1333 dividend. The ex-dividend date of this dividend was Friday, January 31st. This represents a yield of 10.88%. Stellus Capital Investment’s payout ratio is currently 88.89%.
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.
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