Stellus Capital Investment Corp. (SCM) Sees Unusually-High Trading Volume
Stellus Capital Investment Corp. (NYSE:SCM) shares saw unusually-strong trading volume on Friday . Approximately 67,721 shares changed hands during mid-day trading, an increase of 1% from the previous session’s volume of 67,116 shares.The stock last traded at $11.08 and had previously closed at $11.18.
A number of analysts have issued reports on SCM shares. Janney Montgomery Scott reaffirmed a “hold” rating on shares of Stellus Capital Investment Corp. in a report on Wednesday, April 27th. Zacks Investment Research raised Stellus Capital Investment Corp. from a “hold” rating to a “buy” rating and set a $12.00 price objective on the stock in a report on Saturday, April 30th. Robert W. Baird lowered Stellus Capital Investment Corp. from an “outperform” rating to a “neutral” rating and set a $11.00 price objective on the stock. in a report on Thursday, July 14th. Oppenheimer Holdings Inc. set a $13.00 price objective on Stellus Capital Investment Corp. and gave the stock a “buy” rating in a report on Monday, August 8th. Finally, Raymond James Financial Inc. lowered Stellus Capital Investment Corp. from an “outperform” rating to a “market perform” rating in a report on Thursday, August 11th. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company. Stellus Capital Investment Corp. currently has an average rating of “Hold” and an average target price of $12.13.
The company has a 50-day moving average of $10.93 and a 200-day moving average of $9.98.
The business also recently announced a dividend, which will be paid on Thursday, September 15th. Investors of record on Wednesday, August 31st will be issued a dividend of $0.113 per share. The ex-dividend date is Monday, August 29th.
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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