Stellus Capital Investment Co. (NYSE:SCM) Stock Position Cut by Two Sigma Advisers LP

Two Sigma Advisers LP decreased its holdings in shares of Stellus Capital Investment Co. (NYSE:SCM - Free Report) by 10.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 377,700 shares of the investment management company's stock after selling 45,600 shares during the period. Two Sigma Advisers LP owned about 1.40% of Stellus Capital Investment worth $5,197,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in SCM. JPMorgan Chase & Co. increased its stake in Stellus Capital Investment by 70.8% during the third quarter. JPMorgan Chase & Co. now owns 14,949 shares of the investment management company's stock valued at $205,000 after purchasing an additional 6,197 shares during the last quarter. Aquatic Capital Management LLC bought a new stake in Stellus Capital Investment during the fourth quarter valued at $244,000. HighTower Advisors LLC bought a new stake in Stellus Capital Investment during the fourth quarter valued at $251,000. Northern Trust Corp increased its stake in Stellus Capital Investment by 30.1% during the fourth quarter. Northern Trust Corp now owns 22,973 shares of the investment management company's stock valued at $316,000 after purchasing an additional 5,314 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Stellus Capital Investment during the fourth quarter worth about $345,000. Institutional investors own 13.22% of the company's stock.

Analysts Set New Price Targets

Several research firms have recently commented on SCM. Wall Street Zen lowered shares of Stellus Capital Investment from a "hold" rating to a "sell" rating in a research report on Thursday, May 22nd. Keefe, Bruyette & Woods lowered their price target on shares of Stellus Capital Investment from $13.50 to $13.00 and set a "market perform" rating for the company in a research report on Tuesday, April 8th.

Stellus Capital Investment Stock Performance

Shares of Stellus Capital Investment stock traded up $0.02 during trading on Friday, hitting $13.28. 34,856 shares of the stock were exchanged, compared to its average volume of 158,761. The stock's fifty day moving average is $13.11 and its 200 day moving average is $13.83. The stock has a market cap of $377.22 million, a PE ratio of 6.77 and a beta of 0.86. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.29 and a current ratio of 0.29. Stellus Capital Investment Co. has a 12 month low of $11.19 and a 12 month high of $15.56.

Stellus Capital Investment (NYSE:SCM - Get Free Report) last released its quarterly earnings results on Monday, May 12th. The investment management company reported $0.37 EPS for the quarter, hitting 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 net margin of 45.39% and a return on equity of 13.49%. As a group, sell-side analysts anticipate that Stellus Capital Investment Co. will post 1.74 EPS for the current year.

Stellus Capital Investment Announces Dividend

The business also recently announced a dividend, which will be paid on Friday, June 13th. Investors of record on Monday, June 2nd will be given a $0.1333 dividend. The ex-dividend date of this dividend is Friday, May 30th. This represents a yield of 11.99%. Stellus Capital Investment's dividend payout ratio is presently 111.11%.

Stellus Capital Investment 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.