Zacks Investment Research upgraded shares of Stellus Capital Investment Corp. (NYSE:SCM) from a hold rating to a buy rating in a research note published on Tuesday morning. The firm currently has $12.00 target price on the investment management company’s stock.

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 research firms have also issued reports on SCM. Oppenheimer Holdings Inc. set a $13.00 target price on Stellus Capital Investment Corp. and gave the company a buy rating in a research note on Monday, August 8th. Robert W. Baird lowered Stellus Capital Investment Corp. from an outperform rating to a neutral rating and set a $11.00 target price on the stock. in a research note on Thursday, July 14th. Finally, Raymond James Financial Inc. lowered Stellus Capital Investment Corp. from an outperform rating to a market perform rating in a research note on Thursday, August 11th. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The company currently has an average rating of Hold and a consensus target price of $12.13.

Shares of Stellus Capital Investment Corp. (NYSE:SCM) traded down 0.464% during trading on Tuesday, hitting $10.929. 24,538 shares of the stock traded hands. Stellus Capital Investment Corp. has a 52-week low of $7.15 and a 52-week high of $11.67. The stock has a 50 day moving average of $11.12 and a 200 day moving average of $10.59.

The firm also recently declared a dividend, which will be paid on Tuesday, November 15th. Stockholders of record on Monday, October 31st will be paid a dividend of $0.113 per share. The ex-dividend date of this dividend is Thursday, October 27th. Stellus Capital Investment Corp.’s payout ratio is 289.37%.

Several large investors have recently modified their holdings of SCM. Nuveen Fund Advisors LLC acquired a new stake in shares of Stellus Capital Investment Corp. during the second quarter worth $746,000. Lakeview Capital Partners LLC increased its stake in Stellus Capital Investment Corp. by 1.0% in the second quarter. Lakeview Capital Partners LLC now owns 24,290 shares of the investment management company’s stock worth $246,000 after buying an additional 246 shares during the period. Freestone Capital Holdings LLC increased its stake in Stellus Capital Investment Corp. by 290.7% in the second quarter. Freestone Capital Holdings LLC now owns 197,103 shares of the investment management company’s stock worth $2,018,000 after buying an additional 146,658 shares during the period. Oppenheimer & Co. Inc. increased its stake in Stellus Capital Investment Corp. by 1.3% in the second quarter. Oppenheimer & Co. Inc. now owns 45,529 shares of the investment management company’s stock worth $466,000 after buying an additional 598 shares during the period. Finally, Limestone Value Partners LLC increased its stake in Stellus Capital Investment Corp. by 78.3% in the second quarter. Limestone Value Partners LLC now owns 34,153 shares of the investment management company’s stock worth $375,000 after buying an additional 15,000 shares during the period. Institutional investors and hedge funds own 23.64% of the company’s stock.

Stellus Capital Investment Corp. 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.

5 Day Chart for NYSE:SCM

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