Stellus Capital Investment Corporation (NYSE:SCM) Receives $13.50 Average Price Target from Brokerages

Stellus Capital Investment Corporation (NYSE:SCM) has earned a consensus recommendation of “Buy” from the seven ratings firms that are presently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. The average 1 year price target among brokers that have covered the stock in the last year is $14.33.

Several equities analysts recently commented on SCM shares. ValuEngine raised shares of Stellus Capital Investment Corporation from a “buy” rating to a “strong-buy” rating in a report on Friday, June 2nd. Raymond James Financial, Inc. raised shares of Stellus Capital Investment Corporation from a “market perform” rating to an “outperform” rating and set a $15.00 target price on the stock in a report on Monday, April 10th. Zacks Investment Research lowered shares of Stellus Capital Investment Corporation from a “hold” rating to a “sell” rating in a report on Saturday, May 13th. Finally, Keefe, Bruyette & Woods set a $15.00 target price on shares of Stellus Capital Investment Corporation and gave the company a “hold” rating in a report on Wednesday, May 31st.

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In other news, insider Robert T. Ladd purchased 6,000 shares of the company’s stock in a transaction on Wednesday, May 10th. The stock was acquired at an average price of $13.52 per share, with a total value of $81,120.00. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Dean D’angelo purchased 6,500 shares of the company’s stock in a transaction on Tuesday, June 13th. The shares were purchased at an average cost of $13.35 per share, with a total value of $86,775.00. The disclosure for this purchase can be found here. In the last ninety days, insiders have purchased 35,400 shares of company stock worth $473,738. 4.20% of the stock is owned by insiders.

A number of large investors have recently made changes to their positions in SCM. Sanders Morris Harris LLC boosted its stake in shares of 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 valued at $189,000 after buying an additional 239 shares during the last quarter. Sanders Morris Harris Inc. purchased a new stake in shares of Stellus Capital Investment Corporation during the first quarter valued at $197,000. Waldron LP purchased a new stake in shares of Stellus Capital Investment Corporation during the first quarter valued at $218,000. Janney Montgomery Scott LLC boosted its stake in shares of Stellus Capital Investment Corporation by 6.7% in the first quarter. Janney Montgomery Scott LLC now owns 15,842 shares of the investment management company’s stock valued at $231,000 after buying an additional 988 shares during the last quarter. Finally, Marshall Wace North America L.P. purchased a new stake in shares of Stellus Capital Investment Corporation during the first quarter valued at $263,000. 22.68% of the stock is owned by institutional investors and hedge funds.

Stellus Capital Investment Corporation (SCM) opened at 13.74 on Monday. The stock’s 50 day moving average is $13.86 and its 200-day moving average is $13.66. Stellus Capital Investment Corporation has a one year low of $10.22 and a one year high of $14.82.

The firm also recently announced a monthly dividend, which will be paid on Friday, September 15th. Investors of record on Thursday, August 31st will be issued a dividend of $0.1133 per share. This represents a $1.36 annualized dividend and a dividend yield of 9.90%. The ex-dividend date is Tuesday, August 29th. Stellus Capital Investment Corporation’s dividend payout ratio is currently 63.55%.

About Stellus Capital Investment Corporation

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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