News stories about Stellus Capital Investment Corp (NYSE:SCM) have trended somewhat negative recently, according to Alpha One Sentiment Analysis. Alpha One, a subsidiary of Accern, identifies positive and negative news coverage by monitoring more than 20 million news and blog sources in real-time. Alpha One ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Stellus Capital Investment Corp earned a daily sentiment score of -0.06 on Alpha One’s scale. Alpha One also gave news headlines about the investment management company an impact score of 100 out of 100, indicating that recent news coverage is extremely likely to have an impact on the stock’s share price in the immediate future.
The business also recently announced a monthly dividend, which will be paid on Thursday, June 15th. Shareholders of record on Wednesday, May 31st will be paid a $0.1133 dividend. The ex-dividend date is Friday, May 26th. This represents a $1.36 annualized dividend and a yield of 9.67%. Stellus Capital Investment Corp’s dividend payout ratio is currently 103.03%.
A number of equities research analysts recently issued reports on the stock. Zacks Investment Research cut shares of Stellus Capital Investment Corp from a “hold” rating to a “sell” rating in a research report on Saturday, May 13th. ValuEngine cut shares of Stellus Capital Investment Corp from a “strong-buy” rating to a “buy” rating in a research report on Thursday, May 11th. Raymond James Financial, Inc. upgraded shares of Stellus Capital Investment Corp from a “market perform” rating to an “outperform” rating and set a $15.00 target price for the company in a research report on Monday, April 10th. Janney Montgomery Scott upgraded shares of Stellus Capital Investment Corp from a “neutral” rating to a “buy” rating in a research report on Monday, March 13th. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and set a $14.50 target price on shares of Stellus Capital Investment Corp in a research report on Friday, March 10th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the company’s stock. Stellus Capital Investment Corp presently has a consensus rating of “Buy” and an average target price of $13.10.
In related news, insider Robert T. Ladd bought 6,000 shares of the business’s stock in a transaction on Wednesday, May 10th. The stock was acquired at an average price of $13.52 per share, for a total transaction of $81,120.00. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 3.80% of the stock is owned by company insiders.
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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