Stellus Capital Investment Corporation (NYSE:SCM) has been assigned an average rating of “Buy” from the seven brokerages that are presently covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold recommendation, four have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price target among analysts that have covered the stock in the last year is $14.83.

A number of brokerages have recently weighed in on SCM. ValuEngine lowered shares of Stellus Capital Investment Corporation from a “strong-buy” rating to a “buy” rating in a research note on Thursday, August 10th. Ladenburg Thalmann Financial Services assumed coverage on shares of Stellus Capital Investment Corporation in a research report on Monday, September 25th. They set a “buy” rating and a $14.50 price target for the company. Finally, Zacks Investment Research cut shares of Stellus Capital Investment Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th.

In other news, Director Dean D’angelo bought 5,000 shares of the firm’s stock in a transaction on Thursday, September 14th. The stock was acquired at an average cost of $13.49 per share, with a total value of $67,450.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Robert T. Ladd bought 14,000 shares of the firm’s stock in a transaction on Monday, September 11th. The stock was purchased at an average cost of $13.33 per share, with a total value of $186,620.00. The disclosure for this purchase can be found here. Company insiders own 4.20% of the company’s stock.

Institutional investors have recently modified their holdings of the business. Sanders Morris Harris LLC raised its holdings in Stellus Capital Investment Corporation by 1.8% in the second quarter. Sanders Morris Harris LLC now owns 13,776 shares of the investment management company’s stock worth $189,000 after buying an additional 239 shares during the last quarter. Marshall Wace North America L.P. purchased a new position in Stellus Capital Investment Corporation in the first quarter worth about $263,000. Ares Management LLC raised its holdings in Stellus Capital Investment Corporation by 77.0% in the second quarter. Ares Management LLC now owns 338,937 shares of the investment management company’s stock worth $4,646,000 after buying an additional 147,406 shares during the last quarter. Wells Fargo & Company MN raised its holdings in Stellus Capital Investment Corporation by 15,872.9% in the first quarter. Wells Fargo & Company MN now owns 70,760 shares of the investment management company’s stock worth $1,030,000 after buying an additional 70,317 shares during the last quarter. Finally, Muzinich & Co. Inc. raised its holdings in Stellus Capital Investment Corporation by 23.8% in the second quarter. Muzinich & Co. Inc. now owns 707,551 shares of the investment management company’s stock worth $9,701,000 after buying an additional 135,828 shares during the last quarter. 26.45% of the stock is owned by institutional investors and hedge funds.

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Shares of Stellus Capital Investment Corporation (SCM) traded down 0.57% during trading on Friday, hitting $14.06. 60,295 shares of the stock traded hands. The company has a 50 day moving average price of $13.70 and a 200 day moving average price of $13.80. The firm’s market cap is $219.93 million. Stellus Capital Investment Corporation has a 12 month low of $10.22 and a 12 month high of $14.82.

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

The firm also recently declared a monthly dividend, which will be paid on Friday, January 12th. Investors of record on Friday, December 29th will be given a dividend of $0.1133 per share. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $1.36 dividend on an annualized basis and a yield of 9.67%. Stellus Capital Investment Corporation’s dividend payout ratio (DPR) is currently 64.15%.

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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