Stellus Capital Investment Corp (NYSE:SCM) Given Average Rating of “Buy” by Brokerages

Shares of Stellus Capital Investment Corp (NYSE:SCM) have been given a consensus rating of “Buy” by the seven ratings firms that are presently covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation, four have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $14.33.

Several equities research analysts have weighed in on SCM shares. ValuEngine upgraded Stellus Capital Investment Corp from a “buy” rating to a “strong-buy” rating in a report on Friday, June 2nd. Raymond James Financial, Inc. raised Stellus Capital Investment Corp from a “market perform” rating to an “outperform” rating and set a $15.00 price objective for the company in a research report on Monday, April 10th. Zacks Investment Research cut Stellus Capital Investment Corp from a “hold” rating to a “sell” rating in a research report on Saturday, May 13th. Finally, Keefe, Bruyette & Woods set a $15.00 price objective on Stellus Capital Investment Corp and gave the stock a “hold” rating in a research report on Wednesday, May 31st.

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In other Stellus Capital Investment Corp news, Director Dean D’angelo acquired 6,500 shares of the stock in a transaction dated Tuesday, June 13th. The stock was acquired at an average cost of $13.35 per share, with a total value of $86,775.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Robert T. Ladd acquired 6,000 shares of the stock in a transaction dated Wednesday, May 10th. The shares were acquired at an average cost of $13.52 per share, with a total value of $81,120.00. The disclosure for this purchase can be found here. Over the last ninety days, insiders have bought 35,400 shares of company stock valued at $473,738. Insiders own 4.20% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Advisors Asset Management Inc. increased its stake in shares of Stellus Capital Investment Corp by 3.6% in the second quarter. Advisors Asset Management Inc. now owns 635,570 shares of the investment management company’s stock valued at $8,714,000 after buying an additional 21,935 shares during the last quarter. Bank of Montreal Can bought a new stake in shares of Stellus Capital Investment Corp during the second quarter valued at approximately $2,468,000. Acadian Asset Management LLC bought a new stake in shares of Stellus Capital Investment Corp during the second quarter valued at approximately $2,042,000. Sanders Morris Harris LLC increased its stake in shares of Stellus Capital Investment Corp by 1.8% in the second quarter. Sanders Morris Harris LLC now owns 13,776 shares of the investment management company’s stock valued at $189,000 after buying an additional 239 shares during the last quarter. Finally, Confluence Investment Management LLC increased its stake in shares of Stellus Capital Investment Corp by 20.0% in the second quarter. Confluence Investment Management LLC now owns 511,858 shares of the investment management company’s stock valued at $7,017,000 after buying an additional 85,217 shares during the last quarter. 23.95% of the stock is owned by institutional investors and hedge funds.

Shares of Stellus Capital Investment Corp (NYSE SCM) traded down 0.44% during midday trading on Tuesday, reaching $13.61. The company had a trading volume of 49,011 shares. Stellus Capital Investment Corp has a 52 week low of $10.22 and a 52 week high of $14.82. The company’s 50 day moving average price is $13.63 and its 200-day moving average price is $13.89.

Stellus Capital Investment Corp (NYSE:SCM) last issued its quarterly earnings results on Thursday, August 3rd. The investment management company reported $0.32 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.31 by $0.01. Stellus Capital Investment Corp had a return on equity of 12.46% and a net margin of 58.15%. The company had revenue of $10.39 million for the quarter, compared to the consensus estimate of $9.99 million. On average, analysts anticipate that Stellus Capital Investment Corp will post $1.29 EPS for the current fiscal year.

The firm also recently disclosed a monthly dividend, which will be paid on Friday, September 15th. Stockholders of record on Thursday, August 31st will be given a dividend of $0.1133 per share. The ex-dividend date of this dividend is Tuesday, August 29th. This represents a $1.36 annualized dividend and a dividend yield of 9.99%. Stellus Capital Investment Corp’s dividend payout ratio is currently 64.15%.

Stellus Capital Investment Corp Company Profile

Stellus Capital Investment Corporation is a closed-end, non-diversified management investment company. The Company 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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