- Raymond James on Thursday downgraded Stellus Capital Investment (NYSE:SCM) to Market Perform from Outperform after the middle-market investment firm's earnings report as it believes the stock is fairly valued at 1.1x NAV.
- Shares of Stellus (SCM) fell as much as 6% in morning trade.
- "We believe there is very low risk to the dividend over the 2023-2024 period, and the income opportunity remains attractive," the research firm noted. "But we believe there is limited capital appreciation upside."
- Raymond James said Stellus' (SCM) net investment income beat was driven by greater than expected fee income.
- Its estimates for Stellus' (SCM) core NII/share are $1.84 in 2023 and $1.56 in 2024.
- Meanwhile, SA Quant rates the stock Hold while sell-side ratings are largely bullish.
- Dig into details of Stellus' (SCM) earnings report.
Stellus Capital cut to Market Perform at RayJay as stock is fairly valued
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About SCM Ticker
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Symbol | Last Price | % Chg |
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SCM | - | - |
Stellus Capital Investment Corporation |