ValuEngine upgraded shares of Stellus Capital Investment (NYSE:SCM) from a hold rating to a buy rating in a research report released on Wednesday.
Several other analysts have also recently commented on the company. Keefe, Bruyette & Woods reissued a hold rating and issued a $13.00 price target on shares of Stellus Capital Investment in a report on Tuesday. Zacks Investment Research cut Stellus Capital Investment from a hold rating to a sell rating in a report on Thursday, January 11th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the company. The stock presently has a consensus rating of Buy and an average price target of $14.17.
Shares of Stellus Capital Investment (NYSE SCM) opened at $11.91 on Wednesday. Stellus Capital Investment has a 1 year low of $11.07 and a 1 year high of $14.82. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.44 and a current ratio of 0.71. The firm has a market capitalization of $188.48, a P/E ratio of 9.69 and a beta of 0.53.
The firm also recently declared a monthly dividend, which will be paid on Friday, April 13th. Stockholders of record on Thursday, March 29th will be issued a $0.1133 dividend. The ex-dividend date of this dividend is Wednesday, March 28th. This represents a $1.36 annualized dividend and a dividend yield of 11.42%. Stellus Capital Investment’s dividend payout ratio is currently 88.89%.
In other Stellus Capital Investment news, Director Joshua T. Davis purchased 5,000 shares of Stellus Capital Investment stock in a transaction dated Thursday, March 8th. The stock was acquired at an average cost of $11.65 per share, with a total value of $58,250.00. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. 4.20% of the stock is owned by company insiders.
Institutional investors and hedge funds have recently bought and sold shares of the company. Susquehanna International Group LLP acquired a new stake in shares of Stellus Capital Investment in the 3rd quarter valued at approximately $164,000. Macquarie Group Ltd. purchased a new position in Stellus Capital Investment in the 3rd quarter valued at approximately $188,000. Janney Montgomery Scott LLC increased its stake in Stellus Capital Investment by 26.2% in the 3rd quarter. Janney Montgomery Scott LLC now owns 21,165 shares of the investment management company’s stock valued at $289,000 after purchasing an additional 4,389 shares in the last quarter. OxFORD Asset Management LLP increased its stake in Stellus Capital Investment by 18.8% in the 3rd quarter. OxFORD Asset Management LLP now owns 36,956 shares of the investment management company’s stock valued at $504,000 after purchasing an additional 5,840 shares in the last quarter. Finally, Ladenburg Thalmann Financial Services Inc. increased its stake in Stellus Capital Investment by 33.7% in the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 41,275 shares of the investment management company’s stock valued at $564,000 after purchasing an additional 10,399 shares in the last quarter. 28.92% of the stock is owned by institutional investors and hedge funds.
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About Stellus Capital Investment
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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