Ladenburg Thalmann Financial Services assumed coverage on shares of Stellus Capital Investment Corporation (NYSE:SCM) in a report issued on Monday, Marketbeat reports. The firm set a “buy” rating and a $14.50 price target on the investment management company’s stock. Ladenburg Thalmann Financial Services’ price objective suggests a potential upside of 6.38% from the company’s current price.

Several other equities analysts have also recently weighed in on SCM. Zacks Investment Research raised Stellus Capital Investment Corporation from a “sell” rating to a “hold” rating in a report on Thursday, August 10th. ValuEngine cut Stellus Capital Investment Corporation from a “strong-buy” rating to a “buy” rating in a report on Thursday, August 10th. Finally, Keefe, Bruyette & Woods set a $15.00 target price on Stellus Capital Investment Corporation and gave the stock a “hold” rating in a report on Wednesday, May 31st. Two research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $14.13.

Shares of Stellus Capital Investment Corporation (NYSE:SCM) traded up 0.66% during trading on Monday, hitting $13.72. The stock had a trading volume of 82,126 shares. Stellus Capital Investment Corporation has a 1-year low of $10.22 and a 1-year high of $14.82. The stock’s 50-day moving average price is $13.55 and its 200 day moving average price is $13.85.

Stellus Capital Investment Corporation (NYSE:SCM) last released its quarterly earnings results on Thursday, August 3rd. The investment management company reported $0.32 earnings per share for the quarter, beating the consensus estimate of $0.31 by $0.01. The firm had revenue of $10.39 million for the quarter, compared to analysts’ expectations of $9.99 million. Stellus Capital Investment Corporation had a return on equity of 10.06% and a net margin of 68.17%. Equities research analysts anticipate that Stellus Capital Investment Corporation will post $1.29 EPS for the current fiscal year.

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In related news, Director Dean D’angelo bought 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 14th. The shares were bought at an average cost of $13.49 per share, with a total value of $67,450.00. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Robert T. Ladd bought 14,000 shares of the firm’s stock in a transaction that occurred on Monday, September 11th. The stock was bought at an average cost of $13.33 per share, for a total transaction of $186,620.00. The disclosure for this purchase can be found here. 4.20% of the stock is currently owned by company insiders.

Institutional investors have recently made changes to their positions in the stock. GSA Capital Partners LLP raised its holdings in Stellus Capital Investment Corporation by 1.0% in the 2nd quarter. GSA Capital Partners LLP now owns 10,300 shares of the investment management company’s stock worth $141,000 after purchasing an additional 100 shares during the period. Arrowstreet Capital Limited Partnership bought a new position in Stellus Capital Investment Corporation in the 2nd quarter worth $155,000. Sanders Morris Harris LLC raised its holdings in Stellus Capital Investment Corporation by 1.8% in the 2nd quarter. Sanders Morris Harris LLC now owns 13,776 shares of the investment management company’s stock worth $189,000 after purchasing an additional 239 shares during the period. Waldron LP bought a new position in Stellus Capital Investment Corporation in the 1st quarter worth $218,000. Finally, Janney Montgomery Scott LLC raised its holdings in Stellus Capital Investment Corporation by 5.9% in the 2nd quarter. Janney Montgomery Scott LLC now owns 16,776 shares of the investment management company’s stock worth $230,000 after purchasing an additional 934 shares during the period. 26.45% of the stock is currently owned by institutional investors.

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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