Two Sigma Advisers LP Cuts Position in Stellus Capital Investment Co. (NYSE:SCM)

Two Sigma Advisers LP lessened its position in Stellus Capital Investment Co. (NYSE:SCM - Free Report) by 10.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 377,700 shares of the investment management company's stock after selling 45,600 shares during the quarter. Two Sigma Advisers LP owned 1.40% of Stellus Capital Investment worth $5,197,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. JPMorgan Chase & Co. lifted its position in Stellus Capital Investment by 70.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 14,949 shares of the investment management company's stock worth $205,000 after buying an additional 6,197 shares during the last quarter. Aquatic Capital Management LLC bought a new stake in shares of Stellus Capital Investment in the 4th quarter worth approximately $244,000. HighTower Advisors LLC purchased a new stake in shares of Stellus Capital Investment in the 4th quarter valued at $251,000. Northern Trust Corp raised its position in Stellus Capital Investment by 30.1% in the 4th quarter. Northern Trust Corp now owns 22,973 shares of the investment management company's stock worth $316,000 after purchasing an additional 5,314 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new stake in Stellus Capital Investment in the fourth quarter worth $345,000. 13.22% of the stock is currently owned by hedge funds and other institutional investors.

Stellus Capital Investment Trading Down 1.2%

Shares of NYSE SCM traded down $0.16 during trading hours on Wednesday, hitting $13.38. The company's stock had a trading volume of 112,575 shares, compared to its average volume of 162,227. Stellus Capital Investment Co. has a 12 month low of $11.19 and a 12 month high of $15.56. The stock has a market cap of $380.29 million, a price-to-earnings ratio of 6.83 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. The business has a 50-day simple moving average of $13.15 and a 200-day simple moving average of $13.84.

Stellus Capital Investment (NYSE:SCM - Get Free Report) last issued its quarterly earnings data 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 45.39% and a return on equity of 13.49%. The business had revenue of $24.95 million during the quarter, compared to analyst estimates of $26.76 million. On average, analysts anticipate that Stellus Capital Investment Co. will post 1.74 earnings per share for the current fiscal year.

Stellus Capital Investment Announces Dividend

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

Analysts Set New Price Targets

Several brokerages recently weighed in on SCM. Wall Street Zen cut Stellus Capital Investment from a "hold" rating to a "sell" rating in a report on Thursday, May 22nd. Keefe, Bruyette & Woods decreased their target price on shares of 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.

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.