Muzinich & Co. Inc. increased its stake in Stellus Capital Investment Corporation (NYSE:SCM - Free Report) by 32.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 87,120 shares of the investment management company's stock after purchasing an additional 21,355 shares during the quarter. Stellus Capital Investment makes up 0.7% of Muzinich & Co. Inc.'s investment portfolio, making the stock its 23rd largest holding. Muzinich & Co. Inc. owned about 0.31% of Stellus Capital Investment worth $1,220,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also recently bought and sold shares of the company. Chilton Capital Management LLC grew its stake in 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 valued at $118,000 after acquiring an additional 809 shares in the last quarter. 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. Condor Capital Management grew its stake in Stellus Capital Investment by 1.5% during the 4th quarter. Condor Capital Management now owns 183,778 shares of the investment management company's stock valued at $2,529,000 after acquiring an additional 2,664 shares in the last quarter. Sunbelt Securities Inc. grew its stake in 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 valued at $459,000 after acquiring an additional 3,022 shares in the last quarter. Finally, Oppenheimer & Co. Inc. grew its stake in 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 valued at $216,000 after acquiring an additional 3,352 shares in the last quarter. Hedge funds and other institutional investors own 13.22% of the company's stock.
Stellus Capital Investment Stock Down 2.2%
Shares of Stellus Capital Investment stock traded down $0.34 during trading on Friday, hitting $14.91. 183,040 shares of the stock traded hands, compared to its average volume of 157,603. The stock has a market cap of $423.74 million, a P/E ratio of 10.35 and a beta of 0.88. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.08 and a current ratio of 0.08. Stellus Capital Investment Corporation has a twelve month low of $11.19 and a twelve month high of $15.56. The company has a fifty day moving average price of $13.82 and a two-hundred day moving average price of $13.90.
Stellus Capital Investment (NYSE:SCM - Get Free Report) last announced its quarterly earnings results on Monday, May 12th. The investment management company reported $0.37 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.37. The business had revenue of $24.95 million during the quarter, compared to analyst estimates of $26.76 million. Stellus Capital Investment had a return on equity of 11.93% and a net margin of 36.35%. Equities research analysts predict that Stellus Capital Investment Corporation will post 1.74 EPS for the current fiscal year.
Stellus Capital Investment Announces Dividend
The company also recently declared a -- dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th will be issued a dividend of $0.1333 per share. The ex-dividend date is Tuesday, September 30th. This represents a dividend yield of 11.1%. Stellus Capital Investment's dividend payout ratio is 111.11%.
Analyst Ratings Changes
SCM has been the topic of several research analyst reports. Keefe, Bruyette & Woods lowered their target price on Stellus Capital Investment from $13.50 to $13.00 and set a "market perform" rating on the stock in a research note on Tuesday, April 8th. Wall Street Zen upgraded Stellus Capital Investment from a "sell" rating to a "hold" rating in a report on Friday, June 27th.
View Our Latest Stock Report on SCM
About Stellus Capital Investment
(
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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