Zacks Investment Research downgraded Stellus Capital Investment Corp (NYSE:SCM) to Hold in a report released today.
- Updated: October 15, 2016
Zacks Investment Research has downgraded Stellus Capital Investment Corp (NYSE:SCM) to Hold in a report released on 10/12/2016.
Previously on 10/11/2016, Zacks Investment Research reported about Stellus Capital Investment Corp (NYSE:SCM) raised the target price from $0.00 to $12.00. At the time, this indicated a possible upside of 0.10%.
Yesterday Stellus Capital Investment Corp (NYSE:SCM) traded 0.82% higher at $10.92. The company’s 50-day moving average is $11.10 and its 200-day moving average is $10.60. The last stock close price is up 4.82% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 32,087 shares of the stock were exchanged, down from an average trading volume of 59,278
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Stellus Capital Investment Corp has a 52 week low of $7.15 and a 52 week high of $11.67 The company’s market cap is currently $0.
About Stellus Capital Investment Corp (NYSE:SCM)
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. It invests in various sectors, such as business services, energy, general industrial, government services, healthcare, software and specialty finance. Its investment advisor is Stellus Capital Management, LLC (Stellus Capital Management). Stellus Capital Management is responsible for analyzing investment opportunities, conducting research and performing due diligence on investments, negotiating and structuring the Company's investments, originating prospective investments, and monitoring its investments and portfolio companies on an ongoing basis.
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