Stellus Capital Investment Corporation $SCM Shares Sold by Trexquant Investment LP

Key Points

• Trexquant Investment LP reduced its holdings in Stellus Capital Investment Corporation by 49.4%, selling 31,158 shares during the first quarter, while the remaining stake is valued at approximately $446,000.
• Stellus Capital recently announced a $0.1333 monthly dividend with a yield of 10.6%, despite a payout ratio of 110.34%.
• Analysts have upgraded their view on Stellus Capital from "sell" to "hold," with a consensus target price now set at $13.00.

Trexquant Investment LP lessened its position in shares of Stellus Capital Investment Corporation (NYSE:SCM - Free Report) by 49.4% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 31,878 shares of the investment management company's stock after selling 31,158 shares during the quarter. Trexquant Investment LP owned approximately 0.11% of Stellus Capital Investment worth $446,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Northern Trust Corp lifted its stake in shares of 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 worth $316,000 after buying an additional 5,314 shares in the last quarter. Oppenheimer & Co. Inc. increased 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 worth $216,000 after buying an additional 3,352 shares during the period. Sunbelt Securities Inc. increased its position in shares of Stellus Capital Investment by 10.1% in the 1st quarter. Sunbelt Securities Inc. now owns 32,803 shares of the investment management company's stock valued at $459,000 after purchasing an additional 3,022 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. boosted its holdings in shares of Stellus Capital Investment by 33.7% in the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 84,762 shares of the investment management company's stock valued at $1,187,000 after buying an additional 21,355 shares in the last quarter. Finally, Chilton Capital Management LLC boosted its holdings in shares of Stellus Capital Investment by 10.6% in the 1st quarter. Chilton Capital Management LLC now owns 8,409 shares of the investment management company's stock valued at $118,000 after buying an additional 809 shares in the last quarter. Institutional investors and hedge funds own 13.22% of the company's stock.

Stellus Capital Investment Stock Performance

NYSE:SCM opened at $15.02 on Tuesday. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 1.27. The firm has a market capitalization of $426.95 million, a price-to-earnings ratio of 10.36 and a beta of 0.87. The firm's fifty day simple moving average is $14.59 and its 200 day simple moving average is $13.90. Stellus Capital Investment Corporation has a twelve month low of $11.19 and a twelve month high of $15.56.

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

Stellus Capital Investment Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, September 15th. Shareholders of record on Friday, August 29th will be issued a $0.1333 dividend. The ex-dividend date is Friday, August 29th. This represents a c) dividend on an annualized basis and a yield of 10.6%. Stellus Capital Investment's payout ratio is currently 110.34%.

Wall Street Analyst Weigh In

Separately, Wall Street Zen raised shares of Stellus Capital Investment from a "sell" rating to a "hold" rating in a research report on Saturday, August 9th. One analyst has rated the stock with a Hold rating, According to MarketBeat, the company currently 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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