Stellus Capital Investment Corp. (NYSE:scm) announced a dividend on Monday, July 18th. Investors of record on Friday, September 30th will be paid a dividend of 0.113 per share by the investment management company on Friday, October 14th. The ex-dividend date is Wednesday, September 28th.
An institutional investor recently bought a new position in Stellus Capital Investment Corp. stock. Nuveen Fund Advisors LLC acquired a new stake in Stellus Capital Investment Corp. (NYSE:SCM) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 72,869 shares of the investment management company’s stock, valued at approximately $746,000. Institutional investors and hedge funds own 23.64% of the company’s stock.
SCM has been the subject of a number of recent research reports. Zacks Investment Research raised shares of Stellus Capital Investment Corp. from a “sell” rating to a “hold” rating in a research report on Friday, May 27th. Raymond James Financial Inc. downgraded shares of Stellus Capital Investment Corp. from an “outperform” rating to a “market perform” rating in a research report on Thursday, August 11th. Oppenheimer Holdings Inc. set a $13.00 price objective on shares of Stellus Capital Investment Corp. and gave the company a “buy” rating in a research report on Monday, August 8th. Finally, Robert W. Baird downgraded shares of Stellus Capital Investment Corp. from an “outperform” rating to a “neutral” rating and set a $11.00 price objective for the company. in a research report on Thursday, July 14th. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $12.13.
Stellus Capital Investment Corp. (NYSE:SCM) opened at 11.54 on Friday. Stellus Capital Investment Corp. has a 1-year low of $7.15 and a 1-year high of $11.67. The firm’s 50-day moving average is $11.15 and its 200-day moving average is $10.46.
Stellus Capital Investment Corp. 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.
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