Stellus Capital (SCM) Receives a Hold from Oppenheimer


Oppenheimer analyst Chris Kotowski maintained a Hold rating on Stellus Capital (SCM) yesterday. The company’s shares closed last Friday at $8.25.

According to TipRanks.com, Kotowski is a 4-star analyst with an average return of 2.7% and a 53.6% success rate. Kotowski covers the Financial sector, focusing on stocks such as Apollo Global Management, JPMorgan Chase & Co., and New Mountain Finance.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Stellus Capital with a $10.25 average price target.

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Based on Stellus Capital’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $41.27 million and net profit of $39.81 million. In comparison, last year the company earned revenue of $7.61 million and had a net profit of $5.99 million.

Based on the recent corporate insider activity of 21 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of SCM in relation to earlier this year.

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Stellus Capital Investment Corp. is an an externally managed, closed-end, non-diversified management investment company that has elected to be regulated as a business development company. It develops company which seeks investment opportunities in middle market companies located in The US and Canada. The company was founded on May 18, 2012 and is headquartered in Houston, TX.

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