Stellus Capital Investment Corporation (NYSE:SCM) Position Lifted by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. increased its position in Stellus Capital Investment Corporation (NYSE:SCM - Free Report) by 33.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 84,762 shares of the investment management company's stock after buying an additional 21,355 shares during the period. Sumitomo Mitsui Trust Group Inc. owned about 0.31% of Stellus Capital Investment worth $1,187,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of SCM. Raymond James Financial Inc. acquired a new position in Stellus Capital Investment during the fourth quarter worth approximately $3,328,000. Corient Private Wealth LLC increased its position in Stellus Capital Investment by 48.3% during the fourth quarter. Corient Private Wealth LLC now owns 171,467 shares of the investment management company's stock worth $2,359,000 after purchasing an additional 55,841 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new position in Stellus Capital Investment during the fourth quarter worth approximately $345,000. HighTower Advisors LLC acquired a new position in Stellus Capital Investment during the fourth quarter worth approximately $251,000. Finally, Aquatic Capital Management LLC acquired a new position in Stellus Capital Investment during the fourth quarter worth approximately $244,000. Institutional investors and hedge funds own 13.22% of the company's stock.

Stellus Capital Investment Stock Up 0.8%

Shares of SCM stock traded up $0.12 on Wednesday, hitting $14.65. The stock had a trading volume of 112,688 shares, compared to its average volume of 155,848. The firm has a market capitalization of $416.35 million, a price-to-earnings ratio of 10.17 and a beta of 0.88. The stock's 50 day moving average is $13.55 and its 200-day moving average is $13.84. 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 52-week low of $11.19 and a 52-week high of $15.56.

Stellus Capital Investment (NYSE:SCM - Get Free Report) last announced its earnings results on Monday, May 12th. The investment management company reported $0.37 earnings per share for the quarter, meeting the consensus estimate of $0.37. The business had revenue of $24.95 million during the quarter, compared to the consensus estimate of $26.76 million. Stellus Capital Investment had a net margin of 36.35% and a return on equity of 11.93%. As a group, research analysts expect that Stellus Capital Investment Corporation will post 1.74 earnings per share for the current year.

Stellus Capital Investment Dividend Announcement

The company also recently announced a -- dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th will be paid a $0.1333 dividend. The ex-dividend date is Tuesday, September 30th. This represents a dividend yield of 11.1%. Stellus Capital Investment's dividend payout ratio (DPR) is presently 111.11%.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on SCM shares. Wall Street Zen upgraded shares of Stellus Capital Investment from a "sell" rating to a "hold" rating in a research note on Friday, June 27th. Keefe, Bruyette & Woods decreased their price objective on shares of Stellus Capital Investment from $13.50 to $13.00 and set a "market perform" rating for the company in a research note on Tuesday, April 8th.

Stellus Capital Investment Company 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.