Zacks Investment Research cut shares of Stellus Capital Investment Corp. (NYSE:SCM) from a buy rating to a hold rating in a research report released on Wednesday.

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. “

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

Stellus Capital Investment Corp. (NYSE:SCM) remained flat at $10.97 during midday trading on Wednesday. 4,519 shares of the company’s stock were exchanged. The firm has a 50 day moving average of $11.11 and a 200-day moving average of $10.59. Stellus Capital Investment Corp. has a 12-month low of $7.15 and a 12-month high of $11.67.

The business also recently disclosed a dividend, which will be paid on Tuesday, November 15th. Shareholders of record on Monday, October 31st will be issued a dividend of $0.113 per share. The ex-dividend date of this dividend is Thursday, October 27th. Stellus Capital Investment Corp.’s dividend payout ratio (DPR) is presently 289.37%.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Nuveen Fund Advisors LLC bought a new position in Stellus Capital Investment Corp. during the second quarter valued at approximately $746,000. Lakeview Capital Partners LLC increased its position in shares of 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 last quarter. Freestone Capital Holdings LLC increased its position in shares of 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 last quarter. Oppenheimer & Co. Inc. increased its position in shares of 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 last quarter. Finally, Limestone Value Partners LLC increased its position in shares of 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 last quarter. 23.64% 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.

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