Virtu Financial LLC Takes $358,000 Position in Stellus Capital Investment Corporation $SCM

Key Points

• Virtu Financial LLC invested approximately $358,000 in Stellus Capital Investment Corporation, acquiring 25,553 shares during the first quarter of the year.
• The company recently declared a $0.1333 dividend, with a yield of 1,110.0%, set to be paid on October 15th to shareholders recorded by September 30th.
• Stellus Capital Investment reported a quarterly EPS of $0.35, matching analyst predictions, with a revenue of $25.70 million, slightly below estimates of $26.15 million.

Virtu Financial LLC acquired a new stake in Stellus Capital Investment Corporation (NYSE:SCM - Free Report) during the first quarter, according to its most recent filing with the SEC. The firm acquired 25,553 shares of the investment management company's stock, valued at approximately $358,000. Virtu Financial LLC owned about 0.09% of Stellus Capital Investment at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Chilton Capital Management LLC grew its stake in shares of Stellus Capital Investment by 10.6% during the 1st quarter. Chilton Capital Management LLC now owns 8,409 shares of the investment management company's stock worth $118,000 after purchasing an additional 809 shares during the period. Legal & General Group Plc grew its stake in shares of Stellus Capital Investment by 0.9% during the 4th quarter. Legal & General Group Plc now owns 173,702 shares of the investment management company's stock worth $2,393,000 after purchasing an additional 1,527 shares during the period. Sunbelt Securities Inc. grew its stake in shares of Stellus Capital Investment by 10.1% during the 1st quarter. Sunbelt Securities Inc. now owns 32,803 shares of the investment management company's stock worth $459,000 after purchasing an additional 3,022 shares during the period. Oppenheimer & Co. Inc. grew its stake in shares of Stellus Capital Investment by 27.7% during the 1st quarter. Oppenheimer & Co. Inc. now owns 15,440 shares of the investment management company's stock worth $216,000 after purchasing an additional 3,352 shares during the period. Finally, Northern Trust Corp grew its stake in shares of Stellus Capital Investment by 30.1% during the 4th quarter. Northern Trust Corp now owns 22,973 shares of the investment management company's stock worth $316,000 after purchasing an additional 5,314 shares during the period. 13.22% of the stock is owned by institutional investors and hedge funds.

Stellus Capital Investment Trading Down 0.0%

NYSE SCM traded down $0.0010 during mid-day trading on Tuesday, hitting $14.5390. The company's stock had a trading volume of 38,179 shares, compared to its average volume of 164,779. Stellus Capital Investment Corporation has a 52-week low of $11.19 and a 52-week high of $15.56. The stock's fifty day simple moving average is $14.33 and its two-hundred day simple moving average is $13.94. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.28 and a quick ratio of 0.28. The firm has a market capitalization of $413.14 million, a P/E ratio of 10.04 and a beta of 0.86.

Stellus Capital Investment (NYSE:SCM - Get Free Report) last issued its quarterly earnings data on Wednesday, August 6th. The investment management company reported $0.35 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.35. Stellus Capital Investment had a net margin of 38.24% and a return on equity of 11.06%. The company had revenue of $25.70 million during the quarter, compared to the consensus estimate of $26.15 million. Research analysts expect that Stellus Capital Investment Corporation will post 1.74 EPS for the current year.

Stellus Capital Investment Dividend Announcement

The firm also recently announced a -- dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th will be paid a dividend of $0.1333 per share. The ex-dividend date is Tuesday, September 30th. This represents a yield of 1,110.0%. Stellus Capital Investment's payout ratio is presently 110.34%.

Analysts Set New Price Targets

Separately, Wall Street Zen upgraded shares of Stellus Capital Investment from a "sell" rating to a "hold" rating in a research report on Saturday, August 9th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $13.00.

Stellus Capital Investment Profile

Stellus Capital Investment Corporation is a business development company specializing in investments in private middle-market companies. It invests through first lien, second lien, unitranche, and mezzanine debt financing, often with a corresponding equity investment. The fund prefers to invest in US and Canada.