Today: Today, Stellus Capital Investment Corp. (scm) to Issue Dividend of $0.11 on December 15th

Today, Stellus Capital Investment Corp. (scm) to Issue Dividend of $0.11 on  December 15th

Stellus Capital Investment Corp. (NYSE:scm) announced a dividend on Monday, October 10th. Shareholders of record on Wednesday, November 30th will be paid a dividend of 0.113 per share by the investment management company on Thursday, December 15th. The ex-dividend date is Monday, November 28th.

Shares of Stellus Capital Investment Corp. (NYSE:SCM) opened at 11.84 on Friday. Stellus Capital Investment Corp. has a 52 week low of $7.15 and a 52 week high of $12.00. The firm’s 50-day moving average price is $11.14 and its 200 day moving average price is $10.81. The company has a market capitalization of $147.75 million, a PE ratio of 25.35 and a beta of 0.48.

Several equities research analysts have weighed in on SCM shares. Oppenheimer Holdings Inc. set a $13.00 price target on Stellus Capital Investment Corp. and gave the stock a “buy” rating in a research report on Monday, August 8th. Zacks Investment Research raised Stellus Capital Investment Corp. from a “hold” rating to a “buy” rating and set a $12.00 price target on the stock in a research report on Thursday, August 11th. Finally, Raymond James Financial Inc. cut Stellus Capital Investment Corp. from an “outperform” rating to a “market perform” rating in a research report on Thursday, August 11th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $12.00.

In other Stellus Capital Investment Corp. news, insider Robert T. Ladd bought 3,000 shares of the company’s stock in a transaction dated Wednesday, November 9th. The shares were purchased at an average cost of $11.03 per share, for a total transaction of $33,090.00. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 3.80% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. KCG Holdings Inc. bought a new position in shares of Stellus Capital Investment Corp. during the third quarter worth $123,000. JPMorgan Chase & Co. raised its position in shares of Stellus Capital Investment Corp. by 172.2% in the third quarter. JPMorgan Chase & Co. now owns 17,257 shares of the investment management company’s stock worth $188,000 after buying an additional 10,917 shares in the last quarter. Two Sigma Advisers LP raised its position in shares of Stellus Capital Investment Corp. by 28.5% in the third quarter. Two Sigma Advisers LP now owns 50,000 shares of the investment management company’s stock worth $545,000 after buying an additional 11,100 shares in the last quarter. Nuveen Fund Advisors LLC bought a new position in shares of Stellus Capital Investment Corp. during the second quarter worth $746,000. Finally, Morgan Stanley raised its position in shares of Stellus Capital Investment Corp. by 15.3% in the third quarter. Morgan Stanley now owns 97,094 shares of the investment management company’s stock worth $1,057,000 after buying an additional 12,916 shares in the last quarter. 22.45% of the stock is currently owned by hedge funds and other institutional investors.

Stellus Capital Investment Corp. Company Profile

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