Stellus Capital Investment Corporation (NYSE:SCM) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report issued on Thursday.

According to Zacks, “Stellus Capital Investment Corporation is a closed-end, non-diversified management investment company. The Company’s investment objective is to maximize the total return to its stockholders in the form of current income and capital appreciation by investing primarily in private middle-market companies. “

Several other equities analysts have also weighed in on the company. ValuEngine lowered Stellus Capital Investment Corporation from a “strong-buy” rating to a “buy” rating in a report on Thursday. Keefe, Bruyette & Woods set a $15.00 price objective on Stellus Capital Investment Corporation and gave the company a “hold” rating in a report on Wednesday, May 31st. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $14.00.

Stellus Capital Investment Corporation (SCM) opened at 13.47 on Thursday. The stock’s 50 day moving average price is $13.64 and its 200 day moving average price is $13.90. Stellus Capital Investment Corporation has a 52 week low of $10.22 and a 52 week high of $14.82.

Stellus Capital Investment Corporation (NYSE:SCM) last released its earnings results on Thursday, August 3rd. The investment management company reported $0.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.01. The company had revenue of $10.39 million during the quarter, compared to analyst estimates of $9.99 million. Stellus Capital Investment Corporation had a return on equity of 10.06% and a net margin of 68.17%. On average, analysts expect that Stellus Capital Investment Corporation will post $1.29 EPS for the current year.

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In related news, Director Dean D’angelo purchased 6,500 shares of the business’s stock in a transaction dated Tuesday, June 13th. The stock was purchased at an average cost of $13.35 per share, with a total value of $86,775.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Robert T. Ladd purchased 7,400 shares of the business’s stock in a transaction dated Tuesday, June 20th. The stock was bought at an average cost of $13.22 per share, with a total value of $97,828.00. The disclosure for this purchase can be found here. Over the last three months, insiders have acquired 29,400 shares of company stock valued at $392,618. 4.20% of the stock is owned by corporate insiders.

Institutional investors have recently bought and sold shares of the company. Muzinich & Co. Inc. raised its position in Stellus Capital Investment Corporation by 133.4% in the first quarter. Muzinich & Co. Inc. now owns 571,723 shares of the investment management company’s stock worth $8,319,000 after buying an additional 326,773 shares during the last quarter. Bank of Montreal Can bought a new position in Stellus Capital Investment Corporation during the second quarter worth approximately $2,468,000. Acadian Asset Management LLC bought a new position in Stellus Capital Investment Corporation during the second quarter worth approximately $2,042,000. Confluence Investment Management LLC raised its position in Stellus Capital Investment Corporation by 20.0% in the second quarter. Confluence Investment Management LLC now owns 511,858 shares of the investment management company’s stock worth $7,017,000 after buying an additional 85,217 shares during the last quarter. Finally, Wells Fargo & Company MN raised its position in Stellus Capital Investment Corporation by 15,872.9% in the first quarter. Wells Fargo & Company MN now owns 70,760 shares of the investment management company’s stock worth $1,030,000 after buying an additional 70,317 shares during the last quarter. 23.95% of the stock is owned by hedge funds and other institutional investors.

About Stellus Capital Investment Corporation

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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