Shares of Stellus Capital Investment Corp. (NYSE:SCM) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $11.48 and last traded at $11.48, with a volume of 26,197 shares traded. The stock had previously closed at $11.38.

A number of analysts have issued reports on the stock. Zacks Investment Research lowered shares of Stellus Capital Investment Corp. from a “buy” rating to a “hold” rating in a research note on Friday, August 12th. 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. Oppenheimer Holdings Inc. set a $13.00 price target on shares of Stellus Capital Investment Corp. and gave the stock a “buy” rating in a research note on Monday, August 8th. Finally, Robert W. Baird lowered shares of Stellus Capital Investment Corp. from an “outperform” rating to a “neutral” rating and set a $11.00 price target on the stock. in a research note on Thursday, July 14th. 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 has an average rating of “Hold” and a consensus target price of $12.13.

The firm has a 50 day moving average price of $11.12 and a 200-day moving average price of $10.45.

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

A number of hedge funds have recently modified their holdings of SCM. GSA Capital Partners LLP raised its stake in shares of 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 worth $132,000 after buying an additional 2,700 shares during the last quarter. Lakeview Capital Partners LLC raised its stake in shares of 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 worth $246,000 after buying an additional 246 shares during the last quarter. Limestone Value Partners LLC raised its stake in shares of 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 worth $375,000 after buying an additional 15,000 shares during the last quarter. Oppenheimer & Co. Inc. raised its stake in shares of 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 worth $466,000 after buying an additional 598 shares during the last quarter. Finally, Nuveen Fund Advisors LLC acquired a new stake in shares of Stellus Capital Investment Corp. during the second quarter worth about $746,000. 23.64% of the stock is currently owned by hedge funds and other institutional investors.

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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