Two Sigma Investments LP decreased its position in Stellus Capital Investment Co. (NYSE:SCM - Free Report) by 18.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 265,622 shares of the investment management company's stock after selling 59,813 shares during the period. Two Sigma Investments LP owned approximately 0.98% of Stellus Capital Investment worth $3,655,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. JPMorgan Chase & Co. grew 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 purchasing an additional 6,197 shares during the last quarter. Corient Private Wealth LLC boosted its holdings in shares of Stellus Capital Investment by 48.3% in the fourth quarter. Corient Private Wealth LLC now owns 171,467 shares of the investment management company's stock valued at $2,359,000 after acquiring an additional 55,841 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Stellus Capital Investment in the fourth quarter valued at approximately $345,000. Raymond James Financial Inc. bought a new position in shares of Stellus Capital Investment in the fourth quarter valued at approximately $3,328,000. Finally, Virtus ETF Advisers LLC boosted its holdings in shares of Stellus Capital Investment by 17.4% in the fourth quarter. Virtus ETF Advisers LLC now owns 65,584 shares of the investment management company's stock valued at $902,000 after acquiring an additional 9,736 shares in the last quarter. Institutional investors own 13.22% of the company's stock.
Stellus Capital Investment Price Performance
Shares of Stellus Capital Investment stock traded down $0.07 on Friday, hitting $13.32. The company had a trading volume of 111,843 shares, compared to its average volume of 158,051. Stellus Capital Investment Co. has a 52 week low of $11.19 and a 52 week high of $15.56. The company has a market cap of $378.50 million, a PE ratio of 6.80 and a beta of 0.86. The business has a 50-day simple moving average of $13.09 and a 200-day simple moving average of $13.83. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.29 and a quick ratio of 0.29.
Stellus Capital Investment (NYSE:SCM - Get Free Report) last posted its quarterly earnings data on Monday, May 12th. The investment management company reported $0.37 EPS for the quarter, hitting analysts' consensus estimates of $0.37. Stellus Capital Investment had a net margin of 45.39% and a return on equity of 13.49%. The firm had revenue of $24.95 million during the quarter, compared to analyst estimates of $26.76 million. Research analysts expect that Stellus Capital Investment Co. will post 1.74 EPS for the current fiscal year.
Stellus Capital Investment Announces Dividend
The business also recently announced a dividend, which will be paid on Friday, June 13th. Shareholders 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 payout ratio is 111.11%.
Wall Street Analyst Weigh In
Several research analysts have recently issued reports on the stock. Wall Street Zen cut shares of Stellus Capital Investment from a "hold" rating to a "sell" rating in a report on Thursday, May 22nd. 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 report on Tuesday, April 8th.
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Stellus Capital Investment Company Profile
(
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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