The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 4 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the closed end funds peer group is "hold"
Wall Street's median 12-month price target for Stellus Capital Investment Corp is $11.00, about 29.9% above its August 10 closing price of $8.47
The stock recently traded at 8 times the next 12-month earnings vs. a P/E of 9 three months ago
Result drivers and key details
Lower investment income - Co said investment income fell to $22.3 mln from $25.7 mln in the prior yr qtr, mainly due to lower interest income from portfolio investments
- Co reported net realized losses on investments of in Q2, up from a yr ago