TheStreet upgraded shares of Stellus Capital Investment Corp. (NYSE:SCM) from a hold rating to a buy rating in a report issued on Friday morning.

A number of other analysts have also issued reports on the stock. Zacks Investment Research raised shares of Stellus Capital Investment Corp. from a hold rating to a buy rating and set a $12.00 target price for the company in a research note on Wednesday, November 9th. 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 target price 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 three have issued a buy rating to the stock. The stock currently has a consensus rating of Buy and an average price target of $12.00.

Shares of Stellus Capital Investment Corp. (NYSE:SCM) traded up 1.28% during mid-day trading on Friday, hitting $11.87. 109,126 shares of the stock were exchanged. The stock’s 50 day moving average is $11.17 and its 200-day moving average is $10.83. Stellus Capital Investment Corp. has a 12 month low of $7.15 and a 12 month high of $12.00.

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

In other news, insider Robert T. Ladd acquired 3,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 9th. The stock was purchased at an average cost of $11.03 per share, for a total transaction of $33,090.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 3.80% of the stock is owned by corporate insiders.

Several hedge funds have recently added to or reduced their stakes in the stock. Confluence Investment Management LLC increased its position in shares of 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. Ares Management LLC increased its position in shares of Stellus Capital Investment Corp. by 237.7% in the third quarter. Ares Management LLC now owns 373,394 shares of the investment management company’s stock worth $4,066,000 after buying an additional 262,831 shares in the last quarter. UBS Group AG increased its position 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 in 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 in the last quarter. Finally, Muzinich & Co. Inc. increased its position in shares of 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. Hedge funds and other institutional investors own 25.35% of the company’s stock.

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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