Stellus Capital Investment Corp. (NYSE:SCM) insider Robert T. Ladd acquired 3,000 shares of the business’s stock in a transaction dated Wednesday, November 9th. The stock was purchased at an average price of $11.03 per share, with a total value of $33,090.00. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Shares of Stellus Capital Investment Corp. (NYSE:SCM) opened at 11.47 on Tuesday. Stellus Capital Investment Corp. has a one year low of $7.15 and a one year high of $11.67. The stock’s 50 day moving average price is $10.99 and its 200 day moving average price is $10.73.

The firm also recently declared a dividend, which will be paid on Thursday, December 15th. Investors of record on Wednesday, November 30th will be issued a dividend of $0.113 per share. The ex-dividend date of this dividend is Monday, November 28th. Stellus Capital Investment Corp.’s dividend payout ratio is 103.03%.

A number of large investors have recently added to or reduced their stakes in SCM. KCG Holdings Inc. acquired a new stake in Stellus Capital Investment Corp. during the third quarter worth $123,000. Morgan Stanley boosted its stake in Stellus Capital Investment Corp. by 15.3% in the third quarter. Morgan Stanley now owns 97,094 shares of the investment management company’s stock worth $1,057,000 after buying an additional 12,916 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in Stellus Capital Investment Corp. by 172.2% in the third quarter. JPMorgan Chase & Co. now owns 17,257 shares of the investment management company’s stock worth $188,000 after buying an additional 10,917 shares in the last quarter. Confluence Investment Management LLC boosted its stake in Stellus Capital Investment Corp. by 3.5% in the third quarter. Confluence Investment Management LLC now owns 405,736 shares of the investment management company’s stock worth $4,418,000 after buying an additional 13,819 shares in the last quarter. Finally, Muzinich & Co. Inc. boosted its stake in Stellus Capital Investment Corp. by 44.3% in the third quarter. Muzinich & Co. Inc. now owns 180,814 shares of the investment management company’s stock worth $1,969,000 after buying an additional 55,552 shares in the last quarter. 22.53% of the stock is owned by hedge funds and other institutional investors.

SCM has been the subject of several research analyst reports. Zacks Investment Research upgraded Stellus Capital Investment Corp. from a “sell” rating to a “hold” rating in a report on Tuesday, July 19th. Oppenheimer Holdings Inc. set a $13.00 target price on Stellus Capital Investment Corp. and gave the company a “buy” rating in a report on Monday, August 8th. Finally, Raymond James Financial Inc. downgraded Stellus Capital Investment Corp. from an “outperform” rating to a “market perform” rating in a report on Thursday, August 11th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Stellus Capital Investment Corp. currently has a consensus rating of “Hold” and an average target price of $12.13.

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

Receive News & Stock Ratings for Stellus Capital Investment Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Stellus Capital Investment Corp. and related stocks with our FREE daily email newsletter.