Stellus Capital Investment Corp. (SCM) Sees Strong Trading Volume
Shares of Stellus Capital Investment Corp. (NYSE:SCM) saw an uptick in trading volume on Tuesday . 63,457 shares were traded during mid-day trading, an increase of 25% from the previous session’s volume of 50,648 shares.The stock last traded at $11.24 and had previously closed at $11.17.
Several brokerages recently weighed in on SCM. Zacks Investment Research upgraded shares of Stellus Capital Investment Corp. from a “sell” rating to a “hold” rating in a research report on Wednesday, June 8th. 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 on the stock. in a research report on Thursday, July 14th. Finally, Janney Montgomery Scott reiterated a “hold” rating on shares of Stellus Capital Investment Corp. in a research report on Wednesday, April 27th.
The company’s 50-day moving average is $10.43 and its 200-day moving average is $9.75.
Stellus Capital Investment Corp. (NYSE:SCM) last posted its quarterly earnings data on Friday, May 6th. The investment management company reported $0.33 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.33. Analysts forecast that Stellus Capital Investment Corp. will post $1.31 earnings per share for the current fiscal year.
The business also recently disclosed a dividend, which will be paid on Monday, August 15th. Investors of record on Friday, July 29th will be paid a $0.113 dividend. The ex-dividend date is Wednesday, July 27th.
A hedge fund recently raised its stake in Stellus Capital Investment Corp. stock. Buckhead Capital Management LLC increased its position in Stellus Capital Investment Corp. (NYSE:SCM) by 5.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 293,574 shares of the investment management company’s stock after buying an additional 14,138 shares during the period. Buckhead Capital Management LLC’s holdings in Stellus Capital Investment Corp. were worth $2,830,000 as of its most recent SEC filing.
Stellus Capital Investment Corporation is an externally managed, closed-end, non-diversified management investment Company that has elected to be regulated as a business development company. The Company’s investment objective is to maximize the total return to its stockholders in the form of current income and capital appreciation through debt and related equity investments in middle-market companies.
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