Trade Report: Today, Stellus Capital Investment Corp. (SCM) Upgraded at Zacks Investment Research

Today, Stellus Capital Investment Corp. (SCM) Upgraded at Zacks Investment Research

Zacks Investment Research upgraded shares of Stellus Capital Investment Corp. (NYSE:SCM) from a hold rating to a buy rating in a research report released on Tuesday. Zacks Investment Research currently has $12.00 price objective on the investment management company’s stock.

According to Zacks, “Stellus Capital Investment Corporation is a closed-end, non-diversified management investment company. The Company’s investment objective is to maximize the total return to its stockholders in the form of current income and capital appreciation by investing primarily in private middle-market companies. “

Several other research analysts also recently commented on the company. Raymond James Financial Inc. downgraded 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 target price on Stellus Capital Investment Corp. and gave the stock a buy rating in a research note on Monday, August 8th. Finally, Robert W. Baird downgraded Stellus Capital Investment Corp. from an outperform rating to a neutral rating and set a $11.00 target price for the company. in a research note on Thursday, July 14th. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Stellus Capital Investment Corp. currently has an average rating of Hold and an average target price of $12.13.

Stellus Capital Investment Corp. (NYSE:SCM) opened at 11.11 on Tuesday. The company’s 50-day moving average is $11.10 and its 200 day moving average is $10.60. Stellus Capital Investment Corp. has a 1-year low of $7.15 and a 1-year high of $11.67.

The company also recently disclosed a dividend, which will be paid on Tuesday, November 15th. Stockholders of record on Monday, October 31st will be paid a $0.113 dividend. The ex-dividend date is Thursday, October 27th. Stellus Capital Investment Corp.’s dividend payout ratio is currently 289.37%.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. UBS Group AG increased its position in Stellus Capital Investment Corp. by 2.9% in the first quarter. UBS Group AG now owns 225,948 shares of the investment management company’s stock valued at $2,309,000 after buying an additional 6,293 shares in the last quarter. Confluence Investment Management LLC increased its position in Stellus Capital Investment Corp. by 1.2% in the second quarter. Confluence Investment Management LLC now owns 391,917 shares of the investment management company’s stock valued at $4,013,000 after buying an additional 4,679 shares in the last quarter. GSA Capital Partners LLP increased 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. Limestone Value Partners LLC increased 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. Finally, Oppenheimer & Co. Inc. increased 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. 23.64% of the stock is owned by institutional investors.

About Stellus Capital Investment Corp.

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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