Stellus Capital Investment Corp (SCM) Received a $15.00 Target Price by Keefe, Bruyette & Woods Analysts

Stellus Capital Investment Corp (SCM) Received a $15.00 Target Price by Keefe, Bruyette & Woods Analysts

Stellus Capital Investment Corp (NYSE:SCM) has been assigned a $15.00 price objective by analysts at Keefe, Bruyette & Woods in a research report issued on Wednesday. The firm presently has a “hold” rating on the investment management company’s stock. Keefe, Bruyette & Woods’ price target would suggest a potential upside of 4.90% from the stock’s current price.

Several other research firms also recently commented on SCM. Zacks Investment Research downgraded Stellus Capital Investment Corp from a “hold” rating to a “sell” rating in a report on Saturday, May 13th. Raymond James Financial, Inc. raised Stellus Capital Investment Corp from a “market perform” rating to an “outperform” rating and set a $15.00 price objective for the company in a report on Monday, April 10th. ValuEngine downgraded Stellus Capital Investment Corp from a “strong-buy” rating to a “buy” rating in a report on Thursday, May 11th. Finally, Janney Montgomery Scott raised Stellus Capital Investment Corp from a “neutral” rating to a “buy” rating in a report on Monday, March 13th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $13.20.

Stellus Capital Investment Corp (SCM) opened at 14.30 on Wednesday. The stock has a 50 day moving average of $14.16 and a 200-day moving average of $13.39. The company has a market capitalization of $223.68 million, a P/E ratio of 6.69 and a beta of 0.55. Stellus Capital Investment Corp has a 52-week low of $9.62 and a 52-week high of $14.82.

The firm also recently declared a monthly dividend, which will be paid on Thursday, June 15th. Shareholders of record on Wednesday, May 31st will be issued a dividend of $0.1133 per share. This represents a $1.36 annualized dividend and a yield of 9.51%. The ex-dividend date of this dividend is Friday, May 26th. Stellus Capital Investment Corp’s dividend payout ratio is 103.03%.

In other Stellus Capital Investment Corp news, insider Robert T. Ladd purchased 6,000 shares of the business’s stock in a transaction on Wednesday, May 10th. The stock was acquired at an average price of $13.52 per share, with a total value of $81,120.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 3.80% of the company’s stock.

A number of large investors have recently made changes to their positions in SCM. Sanders Morris Harris Inc. acquired a new stake in shares of Stellus Capital Investment Corp during the first quarter valued at about $197,000. Waldron LP purchased a new stake in Stellus Capital Investment Corp during the first quarter worth $218,000. Janney Montgomery Scott LLC increased its stake in Stellus Capital Investment Corp by 6.7% in the first quarter. Janney Montgomery Scott LLC now owns 15,842 shares of the investment management company’s stock worth $231,000 after buying an additional 988 shares in the last quarter. Marshall Wace North America L.P. purchased a new stake in Stellus Capital Investment Corp during the first quarter worth $263,000. Finally, MARSHALL WACE ASIA Ltd purchased a new stake in Stellus Capital Investment Corp during the first quarter worth $263,000. 25.25% of the stock is owned by institutional investors and hedge funds.

About Stellus Capital Investment Corp

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “SCM”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

Related posts

Leave a Comment