Marshall Wace LLP Sells 59,262 Shares of Stellus Capital Investment Co. (NYSE:SCM)

Marshall Wace LLP cut its position in shares of Stellus Capital Investment Co. (NYSE:SCM - Free Report) by 76.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,561 shares of the investment management company's stock after selling 59,262 shares during the period. Marshall Wace LLP owned 0.07% of Stellus Capital Investment worth $255,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of SCM. Raymond James Financial Inc. bought a new position in Stellus Capital Investment in the 4th quarter worth approximately $3,328,000. Corient Private Wealth LLC boosted its stake in Stellus Capital Investment by 48.3% in the 4th quarter. Corient Private Wealth LLC now owns 171,467 shares of the investment management company's stock valued at $2,359,000 after buying an additional 55,841 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of Stellus Capital Investment in the 4th quarter worth about $345,000. HighTower Advisors LLC acquired a new stake in shares of Stellus Capital Investment during the 4th quarter worth about $251,000. Finally, JPMorgan Chase & Co. lifted its holdings in Stellus Capital Investment by 70.8% during the 3rd 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. Institutional investors own 13.22% of the company's stock.

Stellus Capital Investment Stock Up 0.8 %

Shares of Stellus Capital Investment stock traded up $0.11 on Thursday, hitting $13.07. The company had a trading volume of 58,423 shares, compared to its average volume of 166,109. The stock has a market capitalization of $371.37 million, a price-to-earnings ratio of 6.67 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 1 year low of $11.19 and a 1 year high of $15.56. The stock has a 50 day moving average of $13.39 and a 200-day moving average of $13.91.

Stellus Capital Investment (NYSE:SCM - Get Free Report) last posted its quarterly earnings results on Tuesday, March 4th. The investment management company reported $0.37 earnings per share for the quarter, missing the consensus estimate of $0.41 by ($0.04). The firm had revenue of $25.62 million for the quarter, compared to the consensus estimate of $26.60 million. Stellus Capital Investment had a return on equity of 13.49% and a net margin of 45.39%. As a group, sell-side analysts forecast that Stellus Capital Investment Co. will post 1.74 earnings per share for the current year.

Stellus Capital Investment Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 30th will be paid a $0.1333 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 12.24%. The ex-dividend date of this dividend is Monday, June 30th. Stellus Capital Investment's dividend payout ratio is currently 88.89%.

Wall Street Analysts Forecast Growth

SCM has been the topic of a number of research reports. StockNews.com lowered shares of Stellus Capital Investment from a "hold" rating to a "sell" rating in a research report on Thursday, March 27th. Keefe, Bruyette & Woods dropped their target price on Stellus Capital Investment from $13.50 to $13.00 and set a "market perform" rating on the stock in a research report 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.