Stellus Capital Investment Corporation (NYSE:SCM) insider Robert T. Ladd purchased 14,000 shares of the company’s stock in a transaction on Monday, September 11th. The shares were purchased at an average cost of $13.33 per share, for a total transaction of $186,620.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Robert T. Ladd also recently made the following trade(s):

  • On Tuesday, June 20th, Robert T. Ladd purchased 7,400 shares of Stellus Capital Investment Corporation stock. The shares were purchased at an average cost of $13.22 per share, for a total transaction of $97,828.00.

Stellus Capital Investment Corporation (SCM) opened at 13.51 on Friday. The firm has a 50 day moving average of $13.55 and a 200 day moving average of $13.86. Stellus Capital Investment Corporation has a 12-month low of $10.22 and a 12-month 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 EPS for the quarter, topping the Zacks’ consensus estimate of $0.31 by $0.01. The company had revenue of $10.39 million for the quarter, compared to analysts’ expectations of $9.99 million. Stellus Capital Investment Corporation had a return on equity of 10.06% and a net margin of 68.17%. Equities research analysts expect that Stellus Capital Investment Corporation will post $1.29 EPS for the current fiscal year.

The firm also recently announced a monthly dividend, which will be paid on Friday, September 15th. Stockholders of record on Thursday, August 31st will be paid a dividend of $0.1133 per share. This represents a $1.36 dividend on an annualized basis and a dividend yield of 10.06%. The ex-dividend date of this dividend is Tuesday, August 29th. Stellus Capital Investment Corporation’s payout ratio is 64.15%.

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Several hedge funds and other institutional investors have recently added to or reduced their stakes in SCM. Waldron LP bought a new stake in shares of Stellus Capital Investment Corporation during the 1st quarter worth $218,000. Janney Montgomery Scott LLC raised its stake in shares of Stellus Capital Investment Corporation by 6.7% during the 1st quarter. Janney Montgomery Scott LLC now owns 15,842 shares of the investment management company’s stock worth $231,000 after purchasing an additional 988 shares during the period. Wells Fargo & Company MN raised its stake in shares of Stellus Capital Investment Corporation by 15,872.9% during the 1st quarter. Wells Fargo & Company MN now owns 70,760 shares of the investment management company’s stock worth $1,030,000 after purchasing an additional 70,317 shares during the period. Muzinich & Co. Inc. raised its stake in shares of Stellus Capital Investment Corporation by 133.4% during the 1st quarter. Muzinich & Co. Inc. now owns 571,723 shares of the investment management company’s stock worth $8,319,000 after purchasing an additional 326,773 shares during the period. Finally, MARSHALL WACE ASIA Ltd purchased a new stake in Stellus Capital Investment Corporation in the 1st quarter worth about $263,000. Institutional investors own 26.45% of the company’s stock.

Several analysts have issued reports on the stock. ValuEngine raised shares of Stellus Capital Investment Corporation from a “buy” rating to a “strong-buy” rating in a research report on Friday, June 2nd. Keefe, Bruyette & Woods set a $15.00 price target on shares of Stellus Capital Investment Corporation and gave the stock a “hold” rating in a research report on Wednesday, May 31st. Finally, Zacks Investment Research lowered shares of Stellus Capital Investment Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th. Two analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. Stellus Capital Investment Corporation has a consensus rating of “Buy” and a consensus target price of $14.00.

Stellus Capital Investment Corporation 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.

Insider Buying and Selling by Quarter for Stellus Capital Investment Corporation (NYSE:SCM)

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