ValuEngine lowered shares of Stellus Capital Investment (NYSE:SCM) from a strong-buy rating to a buy rating in a research report sent to investors on Friday morning.

A number of other research firms have also issued reports on SCM. Keefe, Bruyette & Woods reaffirmed a hold rating and set a $14.00 target price on shares of Stellus Capital Investment in a report on Friday, November 10th. Zacks Investment Research lowered shares of Stellus Capital Investment from a hold rating to a sell rating in a report on Thursday, January 11th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the company. Stellus Capital Investment presently has an average rating of Buy and a consensus price target of $14.50.

Shares of Stellus Capital Investment (NYSE SCM) opened at $11.80 on Friday. Stellus Capital Investment has a 1-year low of $11.57 and a 1-year high of $14.82. The stock has a market cap of $188.16, a price-to-earnings ratio of 7.02 and a beta of 0.51. The company has a current ratio of 0.44, a quick ratio of 0.44 and a debt-to-equity ratio of 0.50.

Stellus Capital Investment (NYSE:SCM) last released its earnings results on Thursday, November 9th. The investment management company reported $0.29 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.31 by ($0.02). Stellus Capital Investment had a return on equity of 9.35% and a net margin of 57.94%. The business had revenue of $9.98 million for the quarter. equities research analysts forecast that Stellus Capital Investment will post 1.26 EPS for the current fiscal year.

The company also recently disclosed a monthly dividend, which will be paid on Friday, April 13th. Investors of record on Thursday, March 29th will be issued a $0.1133 dividend. This represents a $1.36 dividend on an annualized basis and a dividend yield of 11.52%. The ex-dividend date is Wednesday, March 28th. Stellus Capital Investment’s dividend payout ratio is currently 80.95%.

In related news, Director Dean D’angelo bought 12,500 shares of the stock in a transaction on Friday, December 8th. The stock was bought at an average price of $12.31 per share, with a total value of $153,875.00. Following the completion of the purchase, the director now directly owns 76,327 shares in the company, valued at approximately $939,585.37. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Robert T. Ladd bought 78,093 shares of the stock in a transaction on Thursday, November 16th. The shares were bought at an average cost of $12.40 per share, with a total value of $968,353.20. The disclosure for this purchase can be found here. Insiders purchased 196,686 shares of company stock valued at $2,439,120 in the last three months. 4.20% of the stock is currently owned by insiders.

A number of hedge funds have recently made changes to their positions in the business. LSV Asset Management purchased a new position in Stellus Capital Investment during the fourth quarter worth about $592,000. Acadian Asset Management LLC boosted its stake in Stellus Capital Investment by 29.4% during the fourth quarter. Acadian Asset Management LLC now owns 229,102 shares of the investment management company’s stock worth $3,010,000 after buying an additional 52,055 shares during the period. Bank of Montreal Can boosted its stake in Stellus Capital Investment by 16.1% during the fourth quarter. Bank of Montreal Can now owns 209,000 shares of the investment management company’s stock worth $2,746,000 after buying an additional 29,000 shares during the period. Confluence Investment Management LLC boosted its stake in Stellus Capital Investment by 4.1% during the fourth quarter. Confluence Investment Management LLC now owns 554,226 shares of the investment management company’s stock worth $7,282,000 after buying an additional 21,621 shares during the period. Finally, Susquehanna International Group LLP purchased a new position in Stellus Capital Investment during the third quarter worth about $164,000. 27.74% of the stock is owned by institutional investors.

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About Stellus Capital Investment

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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