Stellus Capital Investment Corporation (NYSE:SCM) Lifted to “Strong-Buy” at ValuEngine

Stellus Capital Investment Corporation (NYSE:SCM) was upgraded by analysts at ValuEngine from a “buy” rating to a “strong-buy” rating in a research report issued on Friday, September 1st.

A number of other brokerages have also weighed in on SCM. 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. Keefe, Bruyette & Woods set a $15.00 price target on shares of Stellus Capital Investment Corporation and gave the company a “hold” rating in a report on Wednesday, May 31st. Two research analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $14.00.

Stellus Capital Investment Corporation (NYSE SCM) traded up 0.29% during trading on Friday, reaching $13.71. The company had a trading volume of 85,733 shares. The firm’s 50 day moving average is $13.55 and its 200-day moving average is $13.85. 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 posted its earnings results on Thursday, August 3rd. The investment management company reported $0.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.31 by $0.01. The company had revenue of $10.39 million during the quarter, compared to analysts’ expectations 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 EPS for the current year.

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In other Stellus Capital Investment Corporation news, insider Robert T. Ladd bought 14,000 shares of the firm’s stock in a transaction on Monday, September 11th. The shares were purchased at an average price of $13.33 per share, for a total transaction of $186,620.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Dean D’angelo bought 5,000 shares of the firm’s stock in a transaction on Thursday, September 14th. The shares were acquired at an average price of $13.49 per share, for a total transaction of $67,450.00. The disclosure for this purchase can be found here. 4.20% of the stock is owned by insiders.

Large investors have recently modified their holdings of the stock. GSA Capital Partners LLP lifted its stake in Stellus Capital Investment Corporation by 1.0% in the 2nd quarter. GSA Capital Partners LLP now owns 10,300 shares of the investment management company’s stock valued at $141,000 after purchasing an additional 100 shares during the last quarter. Arrowstreet Capital Limited Partnership bought a new position in Stellus Capital Investment Corporation in the 2nd quarter valued at approximately $155,000. Sanders Morris Harris LLC lifted its stake in Stellus Capital Investment Corporation by 1.8% in the 2nd quarter. Sanders Morris Harris LLC now owns 13,776 shares of the investment management company’s stock valued at $189,000 after purchasing an additional 239 shares during the last quarter. Waldron LP bought a new position in Stellus Capital Investment Corporation in the 1st quarter valued at approximately $218,000. Finally, Janney Montgomery Scott LLC lifted its stake in Stellus Capital Investment Corporation by 5.9% in the 2nd quarter. Janney Montgomery Scott LLC now owns 16,776 shares of the investment management company’s stock valued at $230,000 after purchasing an additional 934 shares during the last quarter. 26.45% of the stock is owned by institutional investors and hedge funds.

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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