Stellus Capital Investment Corp (NYSE:SCM) has been given a consensus rating of “Buy” by the six ratings firms that are presently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $14.50.
A number of equities research analysts have recently commented on the stock. ValuEngine cut shares of Stellus Capital Investment from a “strong-buy” rating to a “buy” rating in a research note on Friday, February 2nd. Zacks Investment Research cut shares of Stellus Capital Investment from a “hold” rating to a “sell” rating in a research note on Thursday, January 11th. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $14.00 price objective on shares of Stellus Capital Investment in a research note on Friday, November 10th.
In other news, Director Dean D’angelo acquired 12,500 shares of the company’s stock in a transaction dated Friday, December 8th. The shares were acquired at an average price of $12.31 per share, with a total value of $153,875.00. Following the purchase, the director now directly owns 76,327 shares of the company’s stock, valued at $939,585.37. The purchase was disclosed in a legal filing with the SEC, which is available at this link. 4.20% of the stock is owned by company insiders.
A number of institutional investors have recently added to or reduced their stakes in SCM. Arrowstreet Capital Limited Partnership grew its stake in Stellus Capital Investment by 77.6% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 215,896 shares of the investment management company’s stock valued at $2,837,000 after acquiring an additional 94,300 shares during the period. Acadian Asset Management LLC grew its stake in Stellus Capital Investment by 29.4% in the 4th quarter. Acadian Asset Management LLC now owns 229,102 shares of the investment management company’s stock valued at $3,010,000 after acquiring an additional 52,055 shares during the period. LSV Asset Management acquired a new stake in Stellus Capital Investment in the 4th quarter valued at $592,000. AXA grew its stake in Stellus Capital Investment by 253.8% in the 4th quarter. AXA now owns 46,700 shares of the investment management company’s stock valued at $614,000 after acquiring an additional 33,500 shares during the period. Finally, Bank of Montreal Can grew its stake in Stellus Capital Investment by 16.1% in the 4th quarter. Bank of Montreal Can now owns 209,000 shares of the investment management company’s stock valued at $2,746,000 after acquiring an additional 29,000 shares during the period. 27.65% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Stellus Capital Investment (NYSE SCM) traded down $0.04 during trading hours on Friday, reaching $11.75. 131,208 shares of the company traded hands, compared to its average volume of 93,332. The firm has a market cap of $188.00, a P/E ratio of 6.99 and a beta of 0.51. Stellus Capital Investment has a one year low of $11.25 and a one year high of $14.82. The company has a current ratio of 0.44, a quick ratio of 0.44 and a debt-to-equity ratio of 0.50.
The company also recently disclosed a monthly dividend, which will be paid on Friday, April 13th. Stockholders of record on Thursday, March 29th will be paid a dividend of $0.1133 per share. The ex-dividend date of this dividend is Wednesday, March 28th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 11.57%. Stellus Capital Investment’s payout ratio is 80.95%.
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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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