Two Sigma Investments LP Sells 59,813 Shares of Stellus Capital Investment Co. (NYSE:SCM)

Two Sigma Investments LP trimmed its holdings in shares of Stellus Capital Investment Co. (NYSE:SCM - Free Report) by 18.4% in the fourth quarter, according to its most recent filing with the SEC. The firm 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 filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Northern Trust Corp lifted its holdings in shares of Stellus Capital Investment by 30.1% during the 4th quarter. Northern Trust Corp now owns 22,973 shares of the investment management company's stock worth $316,000 after acquiring an additional 5,314 shares during the period. Aquatic Capital Management LLC bought a new position in shares of Stellus Capital Investment during the 4th quarter worth about $244,000. Virtus ETF Advisers LLC lifted its holdings in shares of Stellus Capital Investment by 17.4% during the 4th quarter. Virtus ETF Advisers LLC now owns 65,584 shares of the investment management company's stock worth $902,000 after acquiring an additional 9,736 shares during the period. Raymond James Financial Inc. bought a new position in shares of Stellus Capital Investment during the 4th quarter worth about $3,328,000. Finally, Legal & General Group Plc lifted its holdings in shares of Stellus Capital Investment by 0.9% during the 4th quarter. Legal & General Group Plc now owns 173,702 shares of the investment management company's stock worth $2,393,000 after acquiring an additional 1,527 shares during the period. 13.22% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on SCM. Wall Street Zen downgraded shares of Stellus Capital Investment from a "hold" rating to a "sell" rating in a report on Thursday, May 22nd. Keefe, Bruyette & Woods cut 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 report on Tuesday, April 8th.

Stellus Capital Investment Price Performance

SCM stock traded down $0.12 during trading on Monday, hitting $13.16. 149,092 shares of the stock traded hands, compared to its average volume of 158,015. Stellus Capital Investment Co. has a one year low of $11.19 and a one year high of $15.56. The stock has a market cap of $373.81 million, a price-to-earnings ratio of 6.71 and a beta of 0.86. The company has a 50 day simple moving average of $13.09 and a 200 day simple moving average of $13.83. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 1.15.

Stellus Capital Investment (NYSE:SCM - Get Free Report) last announced its quarterly earnings results on Monday, May 12th. The investment management company reported $0.37 earnings per share (EPS) for the quarter, meeting 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 firm had revenue of $24.95 million during the quarter, compared to the consensus estimate of $26.76 million. Equities analysts expect that Stellus Capital Investment Co. will post 1.74 EPS for the current fiscal year.

Stellus Capital Investment Dividend Announcement

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

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.