Stellus Capital Investment Corp. (NYSE:SCM) shares traded up 2.5% during trading on Tuesday . The company traded as high as $11.37 and last traded at $11.35, with a volume of 61,242 shares. The stock had previously closed at $11.07.

A number of research analysts have recently commented on the stock. Zacks Investment Research cut shares of Stellus Capital Investment Corp. from a “buy” rating to a “hold” rating in a report on Friday, August 12th. Oppenheimer Holdings Inc. set a $13.00 price objective on shares of Stellus Capital Investment Corp. and gave the stock a “buy” rating in a research note on Monday, August 8th. Robert W. Baird lowered shares of Stellus Capital Investment Corp. from an “outperform” rating to a “neutral” rating and set a $11.00 price objective for the company. in a research note on Thursday, July 14th. Finally, Raymond James Financial Inc. lowered shares of Stellus Capital Investment Corp. from an “outperform” rating to a “market perform” rating in a research note on Thursday, August 11th. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $12.13.

The company’s 50 day moving average is $11.12 and its 200-day moving average is $10.45.

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The business also recently declared a dividend, which will be paid on Friday, October 14th. Stockholders of record on Friday, September 30th will be issued a dividend of $0.113 per share. The ex-dividend date of this dividend is Wednesday, September 28th. Stellus Capital Investment Corp.’s dividend payout ratio is presently 289.37%.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. GSA Capital Partners LLP raised its position in Stellus Capital Investment Corp. by 26.5% in the second quarter. GSA Capital Partners LLP now owns 12,900 shares of the investment management company’s stock valued at $132,000 after buying an additional 2,700 shares in the last quarter. Lakeview Capital Partners LLC raised its position in Stellus Capital Investment Corp. by 1.0% in the second quarter. Lakeview Capital Partners LLC now owns 24,290 shares of the investment management company’s stock valued at $246,000 after buying an additional 246 shares in the last quarter. Limestone Value Partners LLC raised its position in Stellus Capital Investment Corp. by 78.3% in the second quarter. Limestone Value Partners LLC now owns 34,153 shares of the investment management company’s stock valued at $375,000 after buying an additional 15,000 shares in the last quarter. Oppenheimer & Co. Inc. raised its position in Stellus Capital Investment Corp. by 1.3% in the second quarter. Oppenheimer & Co. Inc. now owns 45,529 shares of the investment management company’s stock valued at $466,000 after buying an additional 598 shares in the last quarter. Finally, Nuveen Fund Advisors LLC bought a new position in Stellus Capital Investment Corp. during the second quarter valued at approximately $746,000. Institutional investors and hedge funds own 23.64% of the company’s stock.

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.

5 Day Chart for NYSE:SCM

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