Stellus Capital Investment (NYSE:SCM) Stock Passes Above Two Hundred Day Moving Average of $13.61

Stellus Capital Investment Co. (NYSE:SCM) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $13.61 and traded as high as $13.80. Stellus Capital Investment shares last traded at $13.75, with a volume of 138,927 shares.

Analysts Set New Price Targets

Separately, B. Riley raised shares of Stellus Capital Investment from a “sell” rating to a “neutral” rating and raised their price target for the company from $12.50 to $13.25 in a research report on Monday, May 13th.

Stellus Capital Investment Trading Up 0.6 %

The company has a current ratio of 0.26, a quick ratio of 0.26 and a debt-to-equity ratio of 1.21. The company has a market cap of $359.43 million, a PE ratio of 12.81 and a beta of 1.17. The company has a fifty day simple moving average of $13.93 and a two-hundred day simple moving average of $13.62.

Stellus Capital Investment Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be issued a $0.1333 dividend. The ex-dividend date of this dividend is Monday, September 30th. This represents a $1.60 annualized dividend and a yield of 11.56%. Stellus Capital Investment’s dividend payout ratio (DPR) is 148.15%.

Institutional Investors Weigh In On Stellus Capital Investment

Hedge funds and other institutional investors have recently modified their holdings of the company. PSI Advisors LLC lifted its stake in Stellus Capital Investment by 91.7% during the second quarter. PSI Advisors LLC now owns 2,300 shares of the investment management company’s stock worth $32,000 after purchasing an additional 1,100 shares during the last quarter. Chilton Capital Management LLC raised its holdings in Stellus Capital Investment by 15.2% during the second quarter. Chilton Capital Management LLC now owns 7,600 shares of the investment management company’s stock worth $104,000 after purchasing an additional 1,000 shares in the last quarter. Virtu Financial LLC purchased a new stake in shares of Stellus Capital Investment during the 1st quarter worth approximately $143,000. Edge Financial Advisors LLC acquired a new position in shares of Stellus Capital Investment in the 1st quarter valued at $160,000. Finally, Concurrent Investment Advisors LLC purchased a new position in shares of Stellus Capital Investment in the 2nd quarter valued at $211,000. 13.22% of the stock is currently owned by institutional investors and hedge funds.

About Stellus Capital Investment

Stellus Capital Investment Corporation is a business development company specializing in investments in private middle-market companies. It invests through first lien, second lien, unitranche, and mezzanine debt financing, often with a corresponding equity investment. The fund prefers to invest in US and Canada.