Exclusive: After Touching 52-Week High, Is Stellus Capital Investment Corp’s Near-Term Analysis Positive?

Exclusive: After Touching 52 Week High, Is Stellus Capital Investment Corp's Near Term Analysis Positive?

The stock of Stellus Capital Investment Corp (NYSE:SCM) hit a new 52-week high and has $12.56 target or 6.00% above today’s $11.85 share price. The 9 months bullish chart indicates low risk for the $150.18 million company. The 1-year high was reported on Nov, 25 by Barchart.com. If the $12.56 price target is reached, the company will be worth $9.01 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. The stock increased 0.42% or $0.05 on November 25, hitting $11.85. About 40,154 shares traded hands. Stellus Capital Investment Corp (NYSE:SCM) has risen 14.45% since April 22, 2016 and is uptrending. It has outperformed by 9.04% the S&P500.

Analysts await Stellus Capital Investment Corp (NYSE:SCM) to report earnings on March, 2. They expect $0.35 earnings per share, down 10.26% or $0.04 from last year’s $0.39 per share. SCM’s profit will be $4.44 million for 8.46 P/E if the $0.35 EPS becomes a reality. After $0.37 actual earnings per share reported by Stellus Capital Investment Corp for the previous quarter, Wall Street now forecasts -5.41% negative EPS growth.

Stellus Capital Investment Corp (NYSE:SCM) Ratings Coverage

Out of 4 analysts covering Stellus Capital (NYSE:SCM), 0 rate it a “Buy”, 0 “Sell”, while 4 “Hold”. This means 0 are positive. Stellus Capital has been the topic of 6 analyst reports since August 10, 2015 according to StockzIntelligence Inc. The rating was downgraded by Robert W. Baird to “Neutral” on Thursday, July 14. The stock of Stellus Capital Investment Corp (NYSE:SCM) earned “Neutral” rating by Janney Capital on Wednesday, April 27. The stock of Stellus Capital Investment Corp (NYSE:SCM) earned “Market Perform” rating by Raymond James on Thursday, August 11. The rating was upgraded by Robert W. Baird to “Outperform” on Wednesday, January 20.

According to Zacks Investment Research, “Stellus Capital Investment Corporation is a closed-end, non-diversified management investment company. The Company’s investment objective is to maximize the total return to its stockholders in the form of current income and capital appreciation by investing primarily in private middle-market companies.”

Insitutional Activity: The institutional sentiment decreased to 1.54 in 2016 Q2. Its down 1.17, from 2.71 in 2016Q1. The ratio worsened, as 2 funds sold all Stellus Capital Investment Corp shares owned while 5 reduced positions. 5 funds bought stakes while 14 increased positions. They now own 2.66 million shares or 3.52% more from 2.57 million shares in 2016Q1.
Bank & Trust Of America De, a North Carolina-based fund reported 44,720 shares. Muzinich And, a New York-based fund reported 125,262 shares. Arcadia Mngmt Mi has 0.01% invested in the company for 1,955 shares. Ares Management Limited Liability accumulated 110,563 shares or 0.09% of the stock. Deutsche Fincl Bank Ag has 7,449 shares for 0% of their US portfolio. Lakeview Ltd Liability Co accumulated 24,290 shares or 0.15% of the stock. Ladenburg Thalmann Financial Svcs Inc has 0% invested in the company for 700 shares. The Ontario – Canada-based Royal Bankshares Of Canada has invested 0% in Stellus Capital Investment Corp (NYSE:SCM). Caxton accumulated 29,728 shares or 0.34% of the stock. Gsa Capital Ptnrs Llp last reported 0.01% of its portfolio in the stock. Fincl Bank Of Montreal Can owns 3,234 shares or 0% of their US portfolio. Jpmorgan Chase And holds 0% or 6,340 shares in its portfolio. Pnc Fincl Gru Incorporated has 0% invested in the company for 25,000 shares. Vsr Inc has 45,891 shares for 0.08% of their US portfolio. Oppenheimer & Inc accumulated 0.01% or 45,529 shares.

More important recent Stellus Capital Investment Corp (NYSE:SCM) news were published by: Nasdaq.com which released: “Stellus Capital Investment Corporation (SCM) Ex-Dividend Date Scheduled for …” on November 25, 2016, also Prnewswire.com published article titled: “Stellus Capital Investment Corporation Reports Results for its third fiscal …”, Marketwatch.com published: “Stellus Capital Investment downgraded to neutral at outperform at RW Baird” on August 02, 2011. More interesting news about Stellus Capital Investment Corp (NYSE:SCM) was released by: Reuters.com and their article: “BRIEF-Stellus Capital Investment Corp reports Q3 results” with publication date: November 04, 2016.

SCM Company Profile

Stellus Capital Investment Corporation, incorporated on May 18, 2012, is a closed-end, non-diversified management investment company. The Firm originates and invests primarily in private middle-market companies through first lien, second lien, unitranche and mezzanine debt financing, with corresponding equity co-investments. The Company’s investment objective is to maximize the total return to its stockholders in the form of current income and capital appreciation.

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