Stellus Capital Investment Corp (SCM) was Downgraded by Raymond James to ” Mkt Perform”. Earlier the firm had a rating of “Outperform ” on the company shares. Raymond James advised their investors in a research report released on Aug 11, 2016.
Many Wall Street Analysts have commented on Stellus Capital Investment Corp. Robert W. Baird Downgraded Stellus Capital Investment Corp on Jul 14, 2016 to ” Neutral”, Price Target of the shares are set at $11.
Stellus Capital Investment Corp opened for trading at $11.15 and hit $11.35 on the upside on Monday, eventually ending the session at $11.15, with a gain of 0.90% or 0.1 points. The heightened volatility saw the trading volume jump to 91,110 shares. Company has a market cap of $139 M.
In a different news, on Dec 22, 2015, Bruce R Bilger (director) purchased 4,976 shares at $9.89 per share price. According to the SEC, on Dec 22, 2015, Dean D’angelo (director) purchased 100 shares at $9.70 per share price. On Dec 15, 2015, Robert T. Ladd (CEO) purchased 12,451 shares at $9.90 per share price, according to the Form-4 filing with the securities and exchange commission.
Stellus Capital Investment Corporation is an externally managed closed-end non-diversified management investment Company that has elected to be regulated as a business development company. The Company’s investment objective is to maximize the total return to its stockholders in the form of current income and capital appreciation through debt and related equity investments in middle-market companies. The Company originates and invests primarily in private middle-market companies typically those with $5.0 million to $50.0 million of earnings before interest taxes depreciation and amortization (EBITDA) through first lien second lien unitranche and mezzanine debt financing with corresponding equity co-investments. The Company has $316.0 million (at fair value) in portfolio investments under management. Its portfolio consists of 54 investments in 32 companies. The Company’s investment activities are managed by Stellus Capital Management LLC an investment advisory firm.