Skip to main content

Market Overview

UPDATE: Stifel Nicolaus Initiates Stellus Capital to Buy on Yield Return

Share:

Stifel Nicolaus initiated coverage on Stellus Capital (NYSE: SCM) with a Buy rating and a $16 price target.

Stifel Nicolaus noted, "SCM's sizable IPO portfolio removes the cash-drag of deploying its IPO capital and provides immediate earnings and dividends for shareholders. SCM has agreed to a minimum 9.0% dividend yield on its IPO price of $15.00/share, which is equivalent to $1.35/share. Management has indicated it will waive their incentive fee as necessary to achieve the 9.0% yield. We estimate SCM will generate $1.45/share in NOI earnings for full year 2013, allowing them to more than fully cover their initial dividend yield of 9.0%."

Stellus Capital closed at $15.32 on Friday.

Latest Ratings for SCM

DateFirmActionFromTo
Mar 2021Raymond JamesMaintainsOutperform
Jan 2021Raymond JamesMaintainsOutperform
May 2020National SecuritiesInitiates Coverage OnNeutral

View More Analyst Ratings for SCM
View the Latest Analyst Ratings

 

Related Articles (SCM)

View Comments and Join the Discussion!

Posted-In: Stifel NicolausAnalyst Color Initiation Intraday Update Analyst Ratings

Latest Ratings

StockFirmActionPT
SCYXAegis CapitalMaintains40.0
ARGOBoenning & ScattergoodDowngrades
TLSAZacks Investment ResearchInitiates Coverage On7.5
TOTJP MorganUpgrades
WSOMorgan StanleyMaintains244.0
View the Latest Analytics Ratings
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
SPAC
Everything you need to know about the latest SPAC news.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com