Sunday, June 26, 2022

Stellus Capital Investment Corporation [SCM] stock for 199,113 USD was acquired by Bilger Bruce R

The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Stellus Capital Investment Corporation shares valued at $199,113 were purchased by Bilger Bruce R on Jun 17. At $11.35 per share, Bilger Bruce R acquired 17,543 shares. The insider’s holdings grew to 182,565 shares worth approximately $2.06 million following the completion of this transaction.

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Also, D’Angelo Dean purchased 2,500 shares, netting a total of over 28,450 in proceeds. Following the buying of shares at $11.38 each, the insider now holds 196,682 shares.

Before that, Ladd Robert T. had added 6,000 shares to its account. In a trade valued at $68,659, the President and CEO bought Stellus Capital Investment Corporation shares for $11.44 each. Upon closing the transaction, the insider’s holdings increased to 6,000 shares, worth approximately $7.15 million.

As published in a research note from Oppenheimer on November 01, 2021, Stellus Capital Investment Corporation [SCM] has been rated up from a Perform to an Outperform and the price target has been revised to $15. This represents a 24.67% premium over Wednesday’s closing price. Analysts at National Securities started covering the stock with ‘”a Neutral”‘ outlook in a report released in early May. As of April 01, 2020, Janney has decreased its “Buy” rating to a “Neutral” for SCM. Earlier on August 12, 2019, Oppenheimer downgraded its rating. Their new recommendation was “a Perform” for SCM stock which previously was a “an Outperform”.

Analyzing SCM’s Price Performance

On Wednesday, Stellus Capital Investment Corporation [NYSE: SCM] plunged -0.09% to $11.30. The stock’s lowest price that day was $11.23, but it reached a high of $11.4164 in the same session. During the last five days, there has been a drop of approximately -3.34%. Over the course of the year, Stellus Capital Investment Corporation shares have dropped approximately -12.57%. Shares of the company reached a 52-week high of $14.20 on 04/26/22 and a 52-week low of $11.02 on 06/17/22. A 50-day SMA is recorded $12.98, while a 200-day SMA reached $13.40.

Support And Resistance Levels for Stellus Capital Investment Corporation (SCM)

According to the 24-hour chart, there is a support level at 11.21, which, if violated, would cause prices to drop to 11.13. In the upper region, resistance lies at 11.40. The next price resistance is at 11.50. RSI (Relative Strength Index) is 28.34 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.77, which suggests the price will decrease in the coming days. Percent R is at 84.78%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.

Is Stellus Capital Investment Corporation subject to short interest?

Stocks of Stellus Capital Investment Corporation saw a sharp rise in short interest on Apr 28, 2022 jumping by 22560.0 shares to 0.15 million. Data from Yahoo Finance shows that the short interest on Mar 30, 2022 was 0.12 million shares. A jump of 15.53% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 2.44 of the overall float, the days-to-cover ratio (short ratio) jumped to 2.44.

In terms of Stellus Capital Investment Corporation share price expectations, FactSet research, analysts set an average price target of $14.50 in the next 12 months, up nearly 32.63% from the previous closing price of $11.31. Analysts anticipate Stellus Capital Investment Corporation stock to reach $15.50 by 2022, with the lowest price target being $13.00. In spite of this, 5 analysts ranked Stellus Capital Investment Corporation stock as an Overweight at the end of 2022. On September 25, 2017, Ladenburg Thalmann assigned a price target of “a Buy” to the stock and initiated coverage with a $14.50.

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