Stellus Capital Investment Corp (SCM) : Caxton Corp scooped up 6,239 additional shares in Stellus Capital Investment Corp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 29,728 shares of Stellus Capital Investment Corp which is valued at $326,711.Stellus Capital Investment Corp makes up approximately 1.69% of Caxton Corp’s portfolio.
Other Hedge Funds, Including , Yorktown Management Research Co Inc reduced its stake in SCM by selling 20,000 shares or 10.26% in the most recent quarter. The Hedge Fund company now holds 175,000 shares of SCM which is valued at $1,923,250. Stellus Capital Investment Corp makes up approx 0.42% of Yorktown Management Research Co Inc’s portfolio. Nuveen Fund Advisors added SCM to its portfolio by purchasing 72,869 company shares during the most recent quarter which is valued at $800,830. Stellus Capital Investment Corp makes up approx 0.12% of Nuveen Fund Advisors’s portfolio.Raymond James Associates reduced its stake in SCM by selling 6,188 shares or 12.09% in the most recent quarter. The Hedge Fund company now holds 44,982 shares of SCM which is valued at $494,352.Confluence Investment Management boosted its stake in SCM in the latest quarter, The investment management firm added 4,679 additional shares and now holds a total of 391,917 shares of Stellus Capital Investment Corp which is valued at $4,311,087. Stellus Capital Investment Corp makes up approx 0.12% of Confluence Investment Management’s portfolio.
Stellus Capital Investment Corp closed down -0.02 points or -0.18% at $11.33 with 50,674 shares getting traded on Thursday. Post opening the session at $11.33, the shares hit an intraday low of $11.22 and an intraday high of $11.35 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.
Many Wall Street Analysts have commented on Stellus Capital Investment Corp. Stellus Capital Investment Corp was Downgraded by Raymond James to ” Mkt Perform” on Aug 11, 2016. 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 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.