Stellus Capital Investment Corp. (SCM) Sees Large Volume Increase
Stellus Capital Investment Corp. (NYSE:SCM) shares saw an uptick in trading volume on Monday . 64,132 shares traded hands during trading, an increase of 16% from the previous session’s volume of 55,391 shares.The stock last traded at $11.30 and had previously closed at $11.05.
A number of equities research analysts have recently issued reports on the stock. Zacks Investment Research raised shares of Stellus Capital Investment Corp. from a “sell” rating to a “hold” rating in a report on Wednesday, June 8th. Robert W. Baird lowered shares of Stellus Capital Investment Corp. from an “outperform” rating to a “neutral” rating and set a $11.00 target price for the company. in a report on Thursday, July 14th. Finally, Janney Montgomery Scott reaffirmed a “hold” rating on shares of Stellus Capital Investment Corp. in a report on Wednesday, April 27th.
The stock’s 50 day moving average price is $10.72 and its 200 day moving average price is $9.88.
The company also recently declared a dividend, which will be paid on Monday, August 15th. Investors of record on Friday, July 29th will be given a dividend of $0.113 per share. The ex-dividend date of this dividend is Wednesday, July 27th.
An institutional investor recently raised its position in Stellus Capital Investment Corp. stock. Advisors Asset Management Inc. boosted its stake in shares of Stellus Capital Investment Corp. (NYSE:SCM) by 3.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 869,408 shares of the investment management company’s stock after buying an additional 28,634 shares during the period. Advisors Asset Management Inc.’s holdings in Stellus Capital Investment Corp. were worth $8,381,000 at the end of the most recent quarter.
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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