Robert T. Ladd Buys 6,000 Shares of Stellus Capital Investment Corporation (SCM) Stock

Stellus Capital Investment Corporation (NYSE:SCM) insider Robert T. Ladd acquired 6,000 shares of the firm’s stock in a transaction dated Wednesday, May 10th. The stock was bought at an average price of $13.52 per share, with a total value of $81,120.00. The acquisition was disclosed in a legal filing with the SEC, which is available through this link.

Robert T. Ladd also recently made the following trade(s):

  • On Tuesday, June 13th, Robert T. Ladd purchased 14,000 shares of Stellus Capital Investment Corporation stock. The shares were acquired at an average price of $13.43 per share, with a total value of $188,020.00.

Shares of Stellus Capital Investment Corporation (SCM) traded up 1.41% during midday trading on Friday, hitting $13.66. The stock had a trading volume of 61,932 shares. The company has a market cap of $213.67 million, a price-to-earnings ratio of 6.39 and a beta of 0.56. Stellus Capital Investment Corporation has a 52 week low of $9.99 and a 52 week high of $14.82. The stock’s 50-day moving average price is $14.00 and its 200 day moving average price is $13.54.

The business also recently announced a monthly dividend, which was paid on Thursday, June 15th. Stockholders of record on Wednesday, May 31st were given a dividend of $0.1133 per share. This represents a $1.36 dividend on an annualized basis and a dividend yield of 9.95%. The ex-dividend date was Friday, May 26th. Stellus Capital Investment Corporation’s dividend payout ratio is currently 63.55%.

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Several hedge funds and other institutional investors have recently added to or reduced their stakes in SCM. Sanders Morris Harris Inc. bought a new position in Stellus Capital Investment Corporation during the first quarter worth $197,000. Waldron LP bought a new position in Stellus Capital Investment Corporation during the first quarter worth $218,000. Janney Montgomery Scott LLC increased its position in Stellus Capital Investment Corporation by 6.7% in the first quarter. Janney Montgomery Scott LLC now owns 15,842 shares of the investment management company’s stock worth $231,000 after buying an additional 988 shares in the last quarter. Marshall Wace North America L.P. bought a new position in Stellus Capital Investment Corporation during the first quarter worth $263,000. Finally, MARSHALL WACE ASIA Ltd bought a new position in Stellus Capital Investment Corporation during the first quarter worth $263,000. 20.98% of the stock is owned by hedge funds and other institutional investors.

A number of research firms recently commented on SCM. ValuEngine upgraded Stellus Capital Investment Corporation from a “buy” rating to a “strong-buy” rating in a report on Friday, June 2nd. Zacks Investment Research cut Stellus Capital Investment Corporation from a “hold” rating to a “sell” rating in a report on Saturday, May 13th. Keefe, Bruyette & Woods set a $15.00 price target on Stellus Capital Investment Corporation and gave the stock a “hold” rating in a report on Wednesday, May 31st. Raymond James Financial, Inc. upgraded Stellus Capital Investment Corporation from a “market perform” rating to an “outperform” rating and set a $15.00 price target for the company in a report on Monday, April 10th. Finally, Janney Montgomery Scott upgraded Stellus Capital Investment Corporation from a “neutral” rating to a “buy” rating in a report on Monday, March 13th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. Stellus Capital Investment Corporation presently has a consensus rating of “Buy” and a consensus target price of $13.20.

About Stellus Capital Investment Corporation

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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