Stellus Capital Investment Corp. Plans Dividend of $0.11 (scm)
Stellus Capital Investment Corp. (NYSE:scm) announced a dividend on Monday, July 18th. Stockholders of record on Friday, September 30th will be given a dividend of 0.113 per share by the investment management company on Friday, October 14th. The ex-dividend date is Wednesday, September 28th.
SCM has been the topic of a number of research reports. Zacks Investment Research upgraded Stellus Capital Investment Corp. from a “hold” rating to a “buy” rating and set a $12.00 price objective on the stock in a research report on Thursday, August 11th. Oppenheimer Holdings Inc. set a $13.00 price objective on Stellus Capital Investment Corp. and gave the company a “buy” rating in a research report on Monday, August 8th. Raymond James Financial Inc. lowered Stellus Capital Investment Corp. from an “outperform” rating to a “market perform” rating in a research note on Thursday, August 11th. Finally, Robert W. Baird lowered Stellus Capital Investment Corp. from an “outperform” rating to a “neutral” rating and set a $11.00 price target on the stock. in a research note on Thursday, July 14th. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Stellus Capital Investment Corp. has an average rating of “Hold” and a consensus target price of $12.13.
Stellus Capital Investment Corp. (NYSE:SCM) opened at 11.54 on Friday. The stock’s 50 day moving average price is $11.15 and its 200 day moving average price is $10.46. Stellus Capital Investment Corp. has a 52-week low of $7.15 and a 52-week high of $11.67.
An institutional investor recently bought a new position in Stellus Capital Investment Corp. stock. Nuveen Fund Advisors LLC bought a new stake in Stellus Capital Investment Corp. (NYSE:SCM) during the second quarter, according to its most recent disclosure with the SEC. The firm bought 72,869 shares of the investment management company’s stock, valued at approximately $746,000. 23.64% of the stock is currently owned by institutional investors.
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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