Raymond James Financial Inc. Makes New Investment in Stellus Capital Investment Co. (NYSE:SCM)

Raymond James Financial Inc. acquired a new stake in Stellus Capital Investment Co. (NYSE:SCM - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 241,849 shares of the investment management company's stock, valued at approximately $3,328,000. Raymond James Financial Inc. owned about 0.89% of Stellus Capital Investment at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the business. ORG Partners LLC purchased a new position in Stellus Capital Investment in the fourth quarter valued at about $29,000. JPMorgan Chase & Co. raised its position in shares of 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 valued at $205,000 after purchasing an additional 6,197 shares in the last quarter. HighTower Advisors LLC purchased a new position in shares of Stellus Capital Investment during the 4th quarter valued at approximately $251,000. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Stellus Capital Investment during the fourth quarter worth approximately $345,000. Finally, PFG Investments LLC increased its stake in shares of Stellus Capital Investment by 2.2% in the fourth quarter. PFG Investments LLC now owns 64,339 shares of the investment management company's stock worth $885,000 after buying an additional 1,385 shares during the last quarter. 13.22% of the stock is currently owned by institutional investors and hedge funds.

Stellus Capital Investment Stock Performance

Shares of NYSE:SCM traded up $0.33 on Friday, reaching $13.02. 55,879 shares of the company's stock were exchanged, compared to its average volume of 165,790. Stellus Capital Investment Co. has a fifty-two week low of $11.19 and a fifty-two week high of $15.56. The business's 50-day moving average is $13.58 and its two-hundred day moving average is $13.94. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 1.15. The firm has a market capitalization of $369.83 million, a price-to-earnings ratio of 6.64 and a beta of 0.84.

Stellus Capital Investment (NYSE:SCM - Get Free Report) last issued its earnings results on Tuesday, March 4th. The investment management company reported $0.37 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.41 by ($0.04). The business had revenue of $25.62 million during 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, equities research analysts forecast that Stellus Capital Investment Co. will post 1.74 EPS for the current year.

Stellus Capital Investment Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 30th will be given a $0.1333 dividend. The ex-dividend date of this dividend is Monday, June 30th. This represents a $1.60 annualized dividend and a yield of 12.29%. Stellus Capital Investment's dividend payout ratio is presently 88.89%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on SCM. Keefe, Bruyette & Woods dropped their target price on shares of Stellus Capital Investment from $13.50 to $13.00 and set a "market perform" rating for the company in a research report on Tuesday, April 8th. StockNews.com lowered Stellus Capital Investment from a "hold" rating to a "sell" rating in a report on Thursday, March 27th.

Stellus Capital Investment 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.