With over 0.2 million Stellus Capital Investment Corporation (SCM) shares trading Monday and a closing price of $14.00 on the day, the dollar volume was approximately $2.8 million. The shares have shown a positive half year performance of 11.06% and its price on 01/23/23 gained nearly 2.26%. Currently, there are 19.55M common shares owned by the public and among those 18.46M shares have been available to trade.
An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 6 analysts who have offered their price forecasts for SCM have a consensus price objective of $14.08. The analysts have set the share’s price value over the next 12 months at a high of $15.00 and a low of $13.50. The average price target is 0.57% above its recent price level and a downside to the estimated low will see the stock lose -3.7% over that period. But an upside of 6.67% will see the stock hit the forecast high price target while median target price for the stock is $14.00.
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Insiders at the company have transacted a total of 17 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 17 of these insider trades were purchases, accounting for 35,877 shares. Insider sales of the common stock occurred on 0 occasions, with total insider shares sold totaling 0 shares.
The top 3 mutual fund holders in Stellus Capital Investment Corporation are First Trust Specialty Finance & F, iShares II Plc – Listed Private E, and AZ Fundd 1 – Global Macro Opport. First Trust Specialty Finance & F owns 0.2 million shares of the company’s stock, all valued at over $2.61 million. AZ Fundd 1 – Global Macro Opport now owns shares totaling to 0.41% of the shares outstanding.
Shares of Stellus Capital Investment Corporation (NYSE: SCM) opened at $13.74, up $0.05 from a prior closing price of $13.69. However, the script later moved the day high at 14.00, up 2.26%. The company’s stock has a 5-day price change of 1.45% and 10.38% over the past three months. SCM shares are trading 5.58% year to date (YTD), with the 12-month market performance up to 5.60% higher. It has a 12-month low price of $10.90 and touched a high of $14.06 over the same period. SCM has an average intraday trading volume of 59.89K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 4.94%, 4.08%, and 7.97% respectively.
Institutional ownership of Stellus Capital Investment Corporation (NYSE: SCM) shares accounts for 15.25% of the company’s 19.55M shares outstanding. Mutual fund holders own –, while other institutional holders and individual stakeholders account for — and — respectively.
It has a market capitalization of $273.64M. The stock’s trailing 12-month PE ratio is 13.21, while the earnings-per-share (ttm) stands at $1.06. Price movements for the stock have been influenced by the stock’s volatility, which stands at 1.66% over the week and 1.81% over the month.
Analysts forecast that Stellus Capital Investment Corporation (SCM) will achieve an EPS of $0.3 for the current quarter, $0.31 for the next quarter and $1.29 for 2023. The lowest estimate earnings-per-share for the quarter is $0.29 while analysts give the company a high EPS estimate of $0.31. Comparatively, EPS for the current quarter was $0.21 a year ago. Earnings per share for the fiscal year are expected to increase by 33.70%, and 18.50% over the next financial year.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 6 brokerage firm advisors rate Stellus Capital Investment Corporation (SCM) as a “Moderate Buy” at a consensus score of 2.20. Specifically, 2 Wall Street analysts polled rate the stock as a buy, while 3 of the 6 advise that investors “hold,” and 0 rated it as a “Sell.”
Looking at the support for the SCM, a number of firms have released research notes about the stock. Janney stated their Neutral rating for the stock in a research note on October 05, 2022, with the firm’s price target at $11. Oppenheimer coverage for the Stellus Capital Investment Corporation (SCM) stock in a research note released on November 01, 2021 offered a Outperform rating with a price target of $15. Oppenheimer on their part issued Perform rating on August 12, 2019.
