Gables Capital Management Inc. Sells 30,610 Shares of Stellus Capital Investment Corporation $SCM

Key Points

• Gables Capital Management Inc. reduced its stake in Stellus Capital Investment Corporation by 31.2%, selling 30,610 shares in the second quarter, leaving it with 67,618 shares valued at approximately $943,000.
• Stellus Capital Investment's monthly dividend of $0.1333 per share will be paid on January 15th, representing a dividend yield of 13.0%.
• Brokerages have mixed ratings on Stellus Capital Investment, with one downgrade to "strong sell" and consensus ratings indicating a "hold" with a target price of $13.00.

Gables Capital Management Inc. lowered its stake in shares of Stellus Capital Investment Corporation (NYSE:SCM - Free Report) by 31.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 67,618 shares of the investment management company's stock after selling 30,610 shares during the quarter. Gables Capital Management Inc. owned 0.24% of Stellus Capital Investment worth $943,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Sumitomo Mitsui Trust Group Inc. grew its holdings in Stellus Capital Investment by 33.7% during the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 84,762 shares of the investment management company's stock worth $1,187,000 after buying an additional 21,355 shares in the last quarter. Oppenheimer & Co. Inc. grew its holdings in Stellus Capital Investment by 27.7% during the first quarter. Oppenheimer & Co. Inc. now owns 15,440 shares of the investment management company's stock worth $216,000 after buying an additional 3,352 shares in the last quarter. HighTower Advisors LLC grew its holdings in Stellus Capital Investment by 115.9% during the first quarter. HighTower Advisors LLC now owns 39,305 shares of the investment management company's stock worth $550,000 after buying an additional 21,097 shares in the last quarter. XTX Topco Ltd bought a new stake in Stellus Capital Investment during the first quarter worth $150,000. Finally, Condor Capital Management grew its holdings in Stellus Capital Investment by 4.1% during the first quarter. Condor Capital Management now owns 191,392 shares of the investment management company's stock worth $2,679,000 after buying an additional 7,614 shares in the last quarter. Institutional investors own 13.22% of the company's stock.

Stellus Capital Investment Stock Up 1.4%

Shares of NYSE SCM opened at $12.30 on Wednesday. Stellus Capital Investment Corporation has a one year low of $11.19 and a one year high of $15.56. 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 business's fifty day moving average price is $13.69 and its 200-day moving average price is $13.65. The stock has a market capitalization of $349.52 million, a PE ratio of 8.48 and a beta of 0.90.

Stellus Capital Investment (NYSE:SCM - Get Free Report) last issued its quarterly earnings results on Tuesday, December 14th. The investment management company reported $0.31 EPS for the quarter. Stellus Capital Investment had a return on equity of 11.06% and a net margin of 38.24%.The firm had revenue of $27.03 million for the quarter. On average, equities research analysts anticipate 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 monthly dividend, which will be paid on Thursday, January 15th. Stockholders of record on Wednesday, December 31st will be given a dividend of $0.1333 per share. This represents a c) dividend on an annualized basis and a dividend yield of 13.0%. The ex-dividend date of this dividend is Wednesday, December 31st. Stellus Capital Investment's dividend payout ratio is currently 110.34%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on SCM. Zacks Research downgraded Stellus Capital Investment from a "hold" rating to a "strong sell" rating in a report on Tuesday, October 14th. Weiss Ratings restated a "buy (b-)" rating on shares of Stellus Capital Investment in a research note on Tuesday, October 14th. Finally, Wall Street Zen downgraded Stellus Capital Investment from a "hold" rating to a "sell" rating in a research note on Saturday, October 11th. One equities research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Stellus Capital Investment presently has a consensus rating of "Hold" and a consensus target price of $13.00.

About Stellus Capital Investment

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.

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