192,462 Shares in Stellus Capital Investment Corporation $SCM Acquired by Ethos Financial Group LLC

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 13F filing with the Securities and Exchange Commission. The institutional investor bought 192,462 shares of the investment management company's stock, valued at approximately $2,694,000. Ethos Financial Group LLC owned 0.68% of Stellus Capital Investment as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Legal & General Group Plc increased its position in Stellus Capital Investment by 0.9% in the fourth 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 last quarter. Raymond James Financial Inc. bought a new position in shares of Stellus Capital Investment during the 4th quarter worth $3,328,000. Virtus ETF Advisers LLC grew its holdings 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 worth $902,000 after acquiring an additional 9,736 shares in the last quarter. Aquatic Capital Management LLC bought a new stake in Stellus Capital Investment during the 4th quarter valued at $244,000. Finally, Northern Trust Corp boosted its stake in Stellus Capital Investment by 30.1% in the fourth 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. Institutional investors own 13.22% of the company's stock.

Stellus Capital Investment Stock Performance

NYSE SCM traded up $0.0240 during trading hours on Thursday, hitting $14.5240. The company had a trading volume of 153,074 shares, compared to its average volume of 165,473. The company has a market cap of $412.77 million, a PE ratio of 10.02 and a beta of 0.86. Stellus Capital Investment Corporation has a 1-year low of $11.19 and a 1-year high of $15.56. The business has a 50 day moving average of $14.37 and a 200-day moving average of $13.95. 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 earnings results on Wednesday, August 6th. The investment management company reported $0.35 EPS for the quarter, hitting the consensus estimate of $0.35. The company had revenue of $25.70 million during the quarter, compared to analysts' expectations of $26.15 million. Stellus Capital Investment had a net margin of 38.24% and a return on equity of 11.06%. As a group, equities research analysts expect that Stellus Capital Investment Corporation will post 1.74 EPS for the current year.

Stellus Capital Investment Announces Dividend

The company also recently declared a -- dividend, which will be paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th will be paid a $0.1333 dividend. This represents a yield of 1,110.0%. The ex-dividend date is Tuesday, September 30th. Stellus Capital Investment's dividend payout ratio (DPR) is 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 research analyst has rated the stock with a Hold rating, According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average 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.