Inspire Advisors LLC purchased a new position in shares of Stellus Capital Investment Corporation (NYSE:SCM - Free Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 24,471 shares of the investment management company's stock, valued at approximately $343,000. Inspire Advisors LLC owned approximately 0.09% of Stellus Capital Investment as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors also recently modified their holdings of the stock. Raymond James Financial Inc. bought a new stake in Stellus Capital Investment during the fourth quarter valued at $3,328,000. Muzinich & Co. Inc. boosted its position in Stellus Capital Investment by 32.5% during the first quarter. Muzinich & Co. Inc. now owns 87,120 shares of the investment management company's stock valued at $1,220,000 after acquiring an additional 21,355 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. boosted its position 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 valued at $1,187,000 after acquiring an additional 21,355 shares during the last quarter. HighTower Advisors LLC bought a new position in shares of Stellus Capital Investment during the 4th quarter worth about $251,000. Finally, Aquatic Capital Management LLC bought a new position in shares of Stellus Capital Investment during the 4th quarter worth about $244,000. 13.22% of the stock is currently owned by institutional investors and hedge funds.
Stellus Capital Investment Stock Down 0.5%
NYSE SCM traded down $0.08 during trading hours on Friday, hitting $13.93. The company's stock had a trading volume of 108,164 shares, compared to its average volume of 166,077. Stellus Capital Investment Corporation has a 52 week low of $11.19 and a 52 week high of $15.56. The company has a market capitalization of $395.75 million, a PE ratio of 9.67 and a beta of 0.88. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 1.09. The company's 50-day simple moving average is $14.07 and its two-hundred day simple moving average is $13.96.
Stellus Capital Investment (NYSE:SCM - Get Free Report) last posted its earnings results on Monday, May 12th. The investment management company reported $0.37 EPS for the quarter, hitting the consensus estimate of $0.37. Stellus Capital Investment had a net margin of 36.35% and a return on equity of 11.93%. The firm had revenue of $24.95 million for the quarter, compared to analysts' expectations of $26.76 million. Research analysts anticipate that Stellus Capital Investment Corporation will post 1.74 EPS for the current fiscal year.
Stellus Capital Investment Announces Dividend
The company also recently announced a -- dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th will be given a dividend of $0.1333 per share. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a dividend yield of 1,110.0%. Stellus Capital Investment's dividend payout ratio (DPR) is currently 111.11%.
Wall Street Analyst Weigh In
A number of research firms have recently issued reports on SCM. Wall Street Zen cut shares of Stellus Capital Investment from a "hold" rating to a "sell" rating in a research report on Saturday, July 26th. Keefe, Bruyette & Woods dropped their price target on shares of Stellus Capital Investment from $13.50 to $13.00 and set a "market perform" rating on the stock in a research report on Tuesday, April 8th.
Check Out Our Latest Analysis on Stellus Capital Investment
Stellus Capital Investment Profile
(
Free Report)
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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