Stellus Capital Investment Corporation (SCM) Lowered to Buy at ValuEngine

ValuEngine cut shares of Stellus Capital Investment Corporation (NYSE:SCM) from a strong-buy rating to a buy rating in a research report released on Thursday.

Several other equities analysts have also recently issued reports on SCM. Zacks Investment Research cut Stellus Capital Investment Corporation from a hold rating to a sell rating in a research note on Wednesday, July 12th. Keefe, Bruyette & Woods set a $15.00 price objective on Stellus Capital Investment Corporation and gave the company a hold rating in a research note on Wednesday, May 31st. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Stellus Capital Investment Corporation currently has a consensus rating of Buy and an average target price of $14.00.

Stellus Capital Investment Corporation (SCM) traded up 0.60% during mid-day trading on Thursday, hitting $13.40. The company had a trading volume of 67,486 shares. Stellus Capital Investment Corporation has a 52-week low of $10.22 and a 52-week high of $14.82. The company has a 50-day moving average price of $13.65 and a 200 day moving average price of $13.89.

Stellus Capital Investment Corporation (NYSE:SCM) last announced its quarterly earnings data on Thursday, August 3rd. The investment management company reported $0.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.01. The business had revenue of $10.39 million during the quarter, compared to analysts’ expectations of $9.99 million. Stellus Capital Investment Corporation had a return on equity of 10.06% and a net margin of 68.17%. On average, analysts forecast that Stellus Capital Investment Corporation will post $1.29 EPS for the current fiscal year.

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The firm also recently announced a monthly dividend, which will be paid on Friday, September 15th. Stockholders of record on Thursday, August 31st will be given a dividend of $0.1133 per share. This represents a $1.36 annualized dividend and a dividend yield of 10.15%. The ex-dividend date is Tuesday, August 29th. Stellus Capital Investment Corporation’s dividend payout ratio (DPR) is presently 64.15%.

In other Stellus Capital Investment Corporation news, Director Dean D’angelo bought 6,500 shares of the business’s stock in a transaction dated Tuesday, June 13th. The shares were acquired at an average price of $13.35 per share, with a total value of $86,775.00. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Robert T. Ladd bought 7,400 shares of the business’s stock in a transaction dated Tuesday, June 20th. The shares were acquired at an average cost of $13.22 per share, for a total transaction of $97,828.00. The disclosure for this purchase can be found here. Insiders have bought a total of 29,400 shares of company stock worth $392,618 in the last three months. Corporate insiders own 4.20% of the company’s stock.

Large investors have recently modified their holdings of the company. Muzinich & Co. Inc. raised its stake in shares of Stellus Capital Investment Corporation by 23.8% in the second quarter. Muzinich & Co. Inc. now owns 707,551 shares of the investment management company’s stock valued at $9,701,000 after buying an additional 135,828 shares during the period. Advisors Asset Management Inc. raised its stake in shares of Stellus Capital Investment Corporation by 3.6% in the second quarter. Advisors Asset Management Inc. now owns 635,570 shares of the investment management company’s stock valued at $8,714,000 after buying an additional 21,935 shares during the period. Confluence Investment Management LLC raised its stake in shares of Stellus Capital Investment Corporation by 20.0% in the second quarter. Confluence Investment Management LLC now owns 511,858 shares of the investment management company’s stock valued at $7,017,000 after buying an additional 85,217 shares during the period. UBS Group AG raised its stake in shares of Stellus Capital Investment Corporation by 20.7% in the first quarter. UBS Group AG now owns 318,007 shares of the investment management company’s stock valued at $4,627,000 after buying an additional 54,552 shares during the period. Finally, Bank of Montreal Can acquired a new stake in shares of Stellus Capital Investment Corporation during the second quarter valued at $2,468,000. 23.95% of the stock is currently owned by institutional investors and hedge funds.

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.

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

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