The Stellus Capital Investment Corp. (scm) Declares $0.11 Dividend

The Stellus Capital Investment Corp. (scm) Declares $0.11 Dividend

Stellus Capital Investment Corp. (NYSE:scm) declared a dividend on Monday, October 17th. Stockholders of record on Friday, December 30th will be given a dividend of 0.113 per share by the investment management company on Friday, January 13th. The ex-dividend date is Wednesday, December 28th.

Stellus Capital Investment Corp. (NYSE:SCM) traded up 1.08% on Friday, hitting $12.22. The stock had a trading volume of 10,397 shares. The stock’s 50-day moving average is $11.61 and its 200 day moving average is $11.04. Stellus Capital Investment Corp. has a 1-year low of $7.15 and a 1-year high of $12.75.

SCM has been the topic of several analyst reports. Zacks Investment Research raised Stellus Capital Investment Corp. from a “hold” rating to a “buy” rating and set a $12.00 price objective on the stock in a research note on Tuesday, October 11th. TheStreet raised Stellus Capital Investment Corp. from a “hold” rating to a “buy” rating in a research note on Friday, November 25th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Stellus Capital Investment Corp. currently has an average rating of “Buy” and a consensus price target of $12.00.

In other Stellus Capital Investment Corp. news, insider Robert T. Ladd bought 3,000 shares of the business’s stock in a transaction dated Wednesday, November 9th. The shares were purchased at an average price of $11.03 per share, with a total value of $33,090.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 3.80% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. KCG Holdings Inc. acquired a new position in Stellus Capital Investment Corp. during the third quarter worth approximately $123,000. JPMorgan Chase & Co. boosted its position in 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 boosted its position in 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 acquired a new position in Stellus Capital Investment Corp. during the second quarter worth approximately $746,000. Finally, Morgan Stanley boosted its position in 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. 24.98% of the stock is currently owned by hedge funds and other institutional investors.

Stellus Capital Investment Corp. Company Profile

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