Stellus Capital Investment Corporation (NYSE:SCM) has been given a consensus recommendation of “Buy” by the eight analysts that are currently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, four have given a buy rating and one has given a strong buy rating to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $13.50.

A number of research firms have issued reports on SCM. ValuEngine cut shares of Stellus Capital Investment Corporation from a “strong-buy” rating to a “buy” rating in a research report on Thursday, May 11th. Keefe, Bruyette & Woods restated a “hold” rating and issued a $14.50 price objective on shares of Stellus Capital Investment Corporation in a research report on Friday, March 10th. Raymond James Financial, Inc. upgraded shares of Stellus Capital Investment Corporation from a “market perform” rating to an “outperform” rating and set a $15.00 price target on the stock in a research report on Monday, April 10th. Zacks Investment Research cut shares of Stellus Capital Investment Corporation from a “hold” rating to a “sell” rating in a research report on Saturday, May 13th. Finally, Janney Montgomery Scott upgraded shares of Stellus Capital Investment Corporation from a “neutral” rating to a “buy” rating in a research report on Monday, March 13th.

Shares of Stellus Capital Investment Corporation (SCM) traded down 1.39% on Monday, hitting $13.47. 128,293 shares of the stock traded hands. Stellus Capital Investment Corporation has a 52 week low of $9.82 and a 52 week high of $14.82. The stock has a 50-day moving average price of $14.00 and a 200 day moving average price of $13.54.

The business also recently declared a monthly dividend, which was paid on Thursday, June 15th. Investors of record on Wednesday, May 31st were given a dividend of $0.1133 per share. This represents a $1.36 annualized dividend and a dividend yield of 10.09%. The ex-dividend date of this dividend was Friday, May 26th. Stellus Capital Investment Corporation’s dividend payout ratio is currently 63.55%.

In related news, Director Dean D’angelo purchased 6,500 shares of Stellus Capital Investment Corporation stock in a transaction that occurred on Tuesday, June 13th. The shares were bought at an average price of $13.35 per share, for a total transaction of $86,775.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Robert T. Ladd purchased 6,000 shares of Stellus Capital Investment Corporation stock in a transaction that occurred on Wednesday, May 10th. The shares were bought at an average price of $13.52 per share, for a total transaction of $81,120.00. The disclosure for this purchase can be found here. Insiders have purchased 26,500 shares of company stock worth $355,915 in the last quarter. 4.20% of the stock is owned by corporate insiders.

Several institutional investors have recently made changes to their positions in SCM. Janney Montgomery Scott LLC boosted its position in shares of Stellus Capital Investment Corporation by 6.7% in the first quarter. Janney Montgomery Scott LLC now owns 15,842 shares of the investment management company’s stock valued at $231,000 after buying an additional 988 shares in the last quarter. Morgan Stanley boosted its position in shares of Stellus Capital Investment Corporation by 3.1% in the first quarter. Morgan Stanley now owns 96,072 shares of the investment management company’s stock valued at $1,398,000 after buying an additional 2,896 shares in the last quarter. Two Sigma Investments LP boosted its position in shares of Stellus Capital Investment Corporation by 14.4% in the fourth quarter. Two Sigma Investments LP now owns 65,773 shares of the investment management company’s stock valued at $793,000 after buying an additional 8,289 shares in the last quarter. Goldman Sachs Group Inc. boosted its position in shares of Stellus Capital Investment Corporation by 127.6% in the first quarter. Goldman Sachs Group Inc. now owns 23,293 shares of the investment management company’s stock valued at $339,000 after buying an additional 13,061 shares in the last quarter. Finally, Sanders Morris Harris Inc. bought a new position in shares of Stellus Capital Investment Corporation during the first quarter valued at about $197,000. Institutional investors own 20.98% of the company’s stock.

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Stellus Capital Investment Corporation 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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