Stellus Capital Investment Corp. (NYSE:scm) announced a dividend on Monday, October 10th. Shareholders of record on Wednesday, November 30th will be given a dividend of 0.113 per share by the investment management company on Thursday, December 15th. The ex-dividend date of this dividend is Monday, November 28th.

Shares of Stellus Capital Investment Corp. (NYSE:SCM) opened at 11.62 on Wednesday. The company has a market capitalization of $145.01 million, a price-to-earnings ratio of 24.88 and a beta of 0.48. Stellus Capital Investment Corp. has a 52-week low of $7.15 and a 52-week high of $11.70. The firm’s 50-day moving average is $11.07 and its 200 day moving average is $10.79.

Dividend History for Stellus Capital Investment Corp. (NYSE:scm)

Several research analysts have issued reports on SCM shares. Zacks Investment Research upgraded shares of Stellus Capital Investment Corp. from a “hold” rating to a “buy” rating and set a $12.00 price target for the company in a report on Thursday, August 11th. 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. Finally, Oppenheimer Holdings Inc. set a $13.00 price objective on shares of Stellus Capital Investment Corp. and gave the company a “buy” rating in a research note on Monday, August 8th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Stellus Capital Investment Corp. has a consensus rating of “Hold” and a consensus price target of $12.00.

In related news, insider Robert T. Ladd acquired 3,000 shares of the stock in a transaction dated Wednesday, November 9th. The stock was bought at an average price of $11.03 per share, for a total transaction of $33,090.00. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. 3.80% of the stock is currently owned by insiders.

A number of hedge funds have recently made changes to their positions in the stock. UBS Group AG raised its stake in shares of Stellus Capital Investment Corp. by 17.2% in the third quarter. UBS Group AG now owns 257,315 shares of the investment management company’s stock worth $2,802,000 after buying an additional 37,805 shares during the period. Two Sigma Advisers LP raised its stake in shares of Stellus Capital Investment Corp. by 28.5% in the third quarter. Two Sigma Advisers LP now owns 50,000 shares of the investment management company’s stock worth $545,000 after buying an additional 11,100 shares during the period. KCG Holdings Inc. acquired a new stake in shares of Stellus Capital Investment Corp. during the third quarter worth approximately $123,000. Morgan Stanley raised its stake in shares of 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 during the period. Finally, JPMorgan Chase & Co. raised its stake in shares of 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 during the period. Institutional investors and hedge funds own 22.45% of the company’s stock.

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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.

5 Day Chart for NYSE:SCM

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