Stellus Capital Investment Corp (NYSE:SCM) has received a consensus recommendation of “Buy” from the six analysts that are covering the stock. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $12.00.

A number of analysts have recently commented on the company. 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 research note on Tuesday, October 11th. Raymond James Financial Inc. downgraded Stellus Capital Investment Corp from an “outperform” rating to a “market perform” rating in a research note on Thursday, August 11th. TheStreet raised Stellus Capital Investment Corp from a “hold” rating to a “buy” rating in a research note on Friday. Finally, Oppenheimer Holdings Inc. set a $13.00 price objective on Stellus Capital Investment Corp and gave the stock a “buy” rating in a research note on Monday, August 8th.

TRADEMARK VIOLATION NOTICE: This piece was published by Daily Political and is owned by of Daily Political. If you are viewing this piece on another website, it was stolen and reposted in violation of United States & international copyright and trademark legislation. The original version of this piece can be viewed at http://www.dailypolitical.com/2016/11/29/stellus-capital-investment-corp-scm-given-consensus-recommendation-of-buy-by-analysts.html.

Stellus Capital Investment Corp (NYSE:SCM) traded down 0.7473% during mid-day trading on Tuesday, hitting $11.7813. The company had a trading volume of 33,880 shares. Stellus Capital Investment Corp has a one year low of $7.15 and a one year high of $12.00. The company’s 50 day moving average price is $11.17 and its 200-day moving average price is $10.83.

The firm also recently declared a dividend, which will be paid on Thursday, December 15th. Investors of record on Wednesday, November 30th will be given a dividend of $0.113 per share. The ex-dividend date of this dividend is Monday, November 28th. Stellus Capital Investment Corp’s payout ratio is 103.03%.

In other Stellus Capital Investment Corp news, insider Robert T. Ladd purchased 3,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 9th. The shares were purchased at an average cost of $11.03 per share, with a total value of $33,090.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 3.80% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Ares Management LLC raised its position in Stellus Capital Investment Corp by 237.7% in the third quarter. Ares Management LLC now owns 373,394 shares of the investment management company’s stock valued at $4,066,000 after buying an additional 262,831 shares during the last quarter. UBS Group AG raised its position in Stellus Capital Investment Corp by 17.2% in the third quarter. UBS Group AG now owns 257,315 shares of the investment management company’s stock valued at $2,802,000 after buying an additional 37,805 shares during the last quarter. Two Sigma Advisers LP raised its position in Stellus Capital Investment Corp by 28.5% in the third quarter. Two Sigma Advisers LP now owns 50,000 shares of the investment management company’s stock valued at $545,000 after buying an additional 11,100 shares during the last quarter. KCG Holdings Inc. acquired a new position in Stellus Capital Investment Corp during the third quarter valued at $123,000. Finally, Morgan Stanley raised its position in Stellus Capital Investment Corp by 15.3% in the third quarter. Morgan Stanley now owns 97,094 shares of the investment management company’s stock valued at $1,057,000 after buying an additional 12,916 shares during the last quarter. 25.35% of the stock is currently owned by hedge funds and other 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.

5 Day Chart for NYSE:SCM

Receive News & Ratings for Stellus Capital Investment Corp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Stellus Capital Investment Corp and related companies with MarketBeat.com's FREE daily email newsletter.