Ethos Financial Group LLC Invests $2.69 Million in Stellus Capital Investment Corporation $SCM

Key Points

• Ethos Financial Group LLC acquired 192,462 shares of Stellus Capital Investment Corporation, valued at approximately $2.69 million, marking a new position during the 1st quarter.
• Multiple institutional investors have increased their holdings in Stellus Capital Investment, including Oppenheimer & Co. Inc. and Northern Trust Corp, reflecting growing interest in the company.
• Stellus Capital Investment's recent earnings report met analysts' expectations with an EPS of $0.35, and the company has announced a dividend of $0.1333 per share, payable on October 15th.

Ethos Financial Group LLC bought a new stake in shares of Stellus Capital Investment Corporation (NYSE:SCM - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund bought 192,462 shares of the investment management company's stock, valued at approximately $2,694,000. Ethos Financial Group LLC owned approximately 0.68% of Stellus Capital Investment at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently bought and sold shares of SCM. Legal & General Group Plc grew its stake in 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 valued at $2,393,000 after acquiring an additional 1,527 shares in the last quarter. Raymond James Financial Inc. purchased a new position in Stellus Capital Investment during the 4th quarter valued at about $3,328,000. Virtus ETF Advisers LLC grew its stake in Stellus Capital Investment by 17.4% during the 4th quarter. Virtus ETF Advisers LLC now owns 65,584 shares of the investment management company's stock valued at $902,000 after acquiring an additional 9,736 shares in the last quarter. Aquatic Capital Management LLC purchased a new position in Stellus Capital Investment during the 4th quarter valued at about $244,000. Finally, Northern Trust Corp grew its stake in 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 valued at $316,000 after acquiring an additional 5,314 shares in the last quarter. Hedge funds and other institutional investors own 13.22% of the company's stock.

Stellus Capital Investment Stock Up 0.1%

Shares of SCM traded up $0.0110 during trading hours on Friday, hitting $14.5410. 97,106 shares of the company were exchanged, compared to its average volume of 165,021. The company has a market cap of $413.20 million, a PE ratio of 10.04 and a beta of 0.86. The firm's 50 day moving average is $14.38 and its 200-day moving average is $13.95. Stellus Capital Investment Corporation has a 52 week low of $11.19 and a 52 week high of $15.56. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.28 and a current ratio of 0.28.

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

Stellus Capital Investment Announces Dividend

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

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen raised Stellus Capital Investment from a "sell" rating to a "hold" rating in a research note on Saturday, August 9th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $13.00.

Stellus Capital Investment Company 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.