PFG Investments LLC Purchases New Stake in Stellus Capital Investment Co. (NYSE:SCM)

PFG Investments LLC bought a new position in shares of Stellus Capital Investment Co. (NYSE:SCM - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 62,236 shares of the investment management company's stock, valued at approximately $814,000. PFG Investments LLC owned approximately 0.26% of Stellus Capital Investment at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the business. Edge Financial Advisors LLC acquired a new position in Stellus Capital Investment during the first quarter worth about $160,000. Icon Wealth Advisors LLC acquired a new position in Stellus Capital Investment during the fourth quarter worth about $1,684,000. Condor Capital Management raised its stake in Stellus Capital Investment by 12.9% during the fourth quarter. Condor Capital Management now owns 161,872 shares of the investment management company's stock worth $2,080,000 after acquiring an additional 18,504 shares in the last quarter. Trexquant Investment LP acquired a new position in Stellus Capital Investment during the fourth quarter worth about $377,000. Finally, Gables Capital Management Inc. raised its stake in Stellus Capital Investment by 1.2% during the fourth quarter. Gables Capital Management Inc. now owns 99,334 shares of the investment management company's stock worth $1,276,000 after acquiring an additional 1,135 shares in the last quarter. Institutional investors and hedge funds own 13.22% of the company's stock.

Analyst Ratings Changes

Several research firms have recently weighed in on SCM. Oppenheimer restated a "market perform" rating and set a $14.00 price target on shares of Stellus Capital Investment in a report on Wednesday, March 6th. B. Riley restated a "sell" rating and set a $12.50 price target (down from $13.00) on shares of Stellus Capital Investment in a report on Wednesday, March 6th. Finally, StockNews.com upgraded Stellus Capital Investment from a "sell" rating to a "hold" rating in a report on Wednesday, March 13th.

Stellus Capital Investment Trading Up 1.1 %

Shares of Stellus Capital Investment stock traded up $0.15 on Friday, reaching $14.14. 97,936 shares of the company's stock were exchanged, compared to its average volume of 119,097. The company has a market capitalization of $341.20 million, a P/E ratio of 18.13 and a beta of 1.17. Stellus Capital Investment Co. has a 52 week low of $12.19 and a 52 week high of $15.40. The firm's 50-day moving average is $13.22 and its two-hundred day moving average is $13.02. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.20 and a current ratio of 0.20.

Stellus Capital Investment (NYSE:SCM - Get Free Report) last posted its quarterly earnings results on Tuesday, March 5th. The investment management company reported $0.45 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.46 by ($0.01). Stellus Capital Investment had a return on equity of 14.01% and a net margin of 16.56%. The business had revenue of $28.02 million for the quarter, compared to the consensus estimate of $27.20 million. During the same quarter in the previous year, the company posted $0.44 earnings per share. Sell-side analysts predict that Stellus Capital Investment Co. will post 1.77 EPS for the current fiscal year.

Stellus Capital Investment Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Monday, July 15th. Stockholders of record on Friday, June 28th will be given a dividend of $0.1333 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 11.31%. The ex-dividend date is Friday, June 28th. Stellus Capital Investment's payout ratio is 205.13%.

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.

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