Old Point Financial (OPOF) Reaches $33.64 Formed H&S; Stellus Capital Investment (SCM) Shorts Raised By 73.37%

October 13, 2017 - By Richard Conner

Stellus Capital Investment Corporation (NYSE:SCM) had an increase of 73.37% in short interest. SCM’s SI was 34,500 shares in October as released by FINRA. Its up 73.37% from 19,900 shares previously. With 64,800 avg volume, 1 days are for Stellus Capital Investment Corporation (NYSE:SCM)’s short sellers to cover SCM’s short positions. The stock increased 0.86% or $0.12 on October 12, reaching $14.05. About shares traded. Stellus Capital Investment Corp (NYSE:SCM) has risen 41.16% since October 13, 2016 and is uptrending. It has outperformed by 24.46% the S&P500.

Old Point Financial Corporation (OPOF) formed H&S with $31.96 target or 5.00% below today’s $33.64 share price. Old Point Financial Corporation (OPOF) has $167.78M valuation. The stock increased 1.14% or $0.38 during the last trading session, reaching $33.64. About shares traded. Old Point Financial Corporation (NASDAQ:OPOF) has risen 59.21% since October 13, 2016 and is uptrending. It has outperformed by 42.51% the S&P500.

Among 7 analysts covering Stellus Capital (NYSE:SCM), 3 have Buy rating, 0 Sell and 4 Hold. Therefore 43% are positive. Stellus Capital had 12 analyst reports since August 10, 2015 according to SRatingsIntel. Robert W. Baird downgraded Stellus Capital Investment Corp (NYSE:SCM) on Thursday, July 14 to “Neutral” rating. Raymond James downgraded Stellus Capital Investment Corp (NYSE:SCM) on Thursday, August 11 to “Market Perform” rating. The company was upgraded on Tuesday, April 11 by Raymond James. The firm has “Neutral” rating given on Wednesday, April 27 by Janney Capital. Keefe Bruyette & Woods maintained Stellus Capital Investment Corp (NYSE:SCM) rating on Sunday, July 23. Keefe Bruyette & Woods has “Hold” rating and $14.5000 target. The firm has “Buy” rating given on Monday, September 25 by Ladenburg. The company was upgraded on Wednesday, January 20 by Robert W. Baird. The rating was maintained by Keefe Bruyette & Woods on Wednesday, May 31 with “Hold”. Oppenheimer maintained the stock with “Buy” rating in Friday, August 4 report. Keefe Bruyette & Woods initiated Stellus Capital Investment Corp (NYSE:SCM) on Thursday, February 2 with “Mkt Perform” rating.

Stellus Capital Investment Corporation is a closed-end, non-diversified management investment company. The company has market cap of $221.05 million. The Firm originates and invests primarily in private middle-market companies through first lien, second lien, unitranche and mezzanine debt financing, with corresponding equity co-investments. It has a 6.6 P/E ratio. The Company’s investment objective is to maximize the total return to its stockholders in the form of current income and capital appreciation.

Investors sentiment increased to 2.2 in Q2 2017. Its up 1.00, from 1.2 in 2017Q1. It improved, as 4 investors sold Stellus Capital Investment Corp shares while 6 reduced holdings. 9 funds opened positions while 13 raised stakes. 3.73 million shares or 34.91% more from 2.76 million shares in 2017Q1 were reported. Qs Investors Ltd Liability Com holds 445 shares or 0% of its portfolio. Arrowstreet Capital Partnership holds 0% or 11,300 shares in its portfolio. New York-based Muzinich Company has invested 0.85% in Stellus Capital Investment Corp (NYSE:SCM). The California-based California Employees Retirement System has invested 0% in Stellus Capital Investment Corp (NYSE:SCM). 25,000 were accumulated by Pnc Fincl Group. Gsa Cap Prns Ltd Liability Partnership has invested 0.01% of its portfolio in Stellus Capital Investment Corp (NYSE:SCM). Ares Ltd Limited Liability Company reported 0.11% of its portfolio in Stellus Capital Investment Corp (NYSE:SCM). Janney Montgomery Scott Lc invested in 16,776 shares or 0% of the stock. Millennium Management Ltd holds 171,068 shares. Moreover, Morgan Stanley has 0% invested in Stellus Capital Investment Corp (NYSE:SCM) for 82,382 shares. Barclays Public Limited Com owns 0% invested in Stellus Capital Investment Corp (NYSE:SCM) for 50 shares. Blackrock holds 87,118 shares or 0% of its portfolio. Jpmorgan Chase & holds 59,389 shares. 16,500 were reported by Lakeview Cap Ptnrs Ltd. Acadian Asset Lc holds 149,009 shares or 0.01% of its portfolio.

Since May 10, 2017, it had 2 insider buys, and 0 selling transactions for $269,070 activity. Another trade for 14,000 shares valued at $187,950 was bought by Ladd Robert T..

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

>