Stellus Capital Investment Corporation (NYSE:SCM) Plans Jul 25 Dividend of $0.13

Stellus Capital Investment Corporation (NYSE:SCM - Get Free Report) declared a jul 25 dividend on Wednesday, July 2nd, RTT News reports. Investors of record on Thursday, July 31st will be paid a dividend of 0.1333 per share by the investment management company on Friday, August 15th. This represents a dividend yield of 11.1%. The ex-dividend date is Thursday, July 31st.

Stellus Capital Investment has a payout ratio of 127.0% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities analysts expect Stellus Capital Investment to earn $1.45 per share next year, which means the company may not be able to cover its $1.60 annual dividend with an expected future payout ratio of 110.3%.

Stellus Capital Investment Trading Up 1.5%

NYSE SCM traded up $0.21 during trading hours on Friday, hitting $14.44. 91,371 shares of the company were exchanged, compared to its average volume of 156,414. Stellus Capital Investment has a 52 week low of $11.19 and a 52 week high of $15.56. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 1.09. The stock has a 50-day moving average price of $13.47 and a 200 day moving average price of $13.82. The stock has a market cap of $410.38 million, a PE ratio of 10.03 and a beta of 0.88.

Stellus Capital Investment (NYSE:SCM - Get Free Report) last announced its earnings results on Monday, May 12th. The investment management company reported $0.37 EPS for the quarter, hitting analysts' consensus estimates of $0.37. The firm had revenue of $24.95 million during the quarter, compared to analysts' expectations of $26.76 million. Stellus Capital Investment had a return on equity of 11.93% and a net margin of 36.35%. Analysts forecast that Stellus Capital Investment will post 1.74 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Stellus Capital Investment

A hedge fund recently bought a new stake in Stellus Capital Investment stock. Jane Street Group LLC acquired a new stake in Stellus Capital Investment Corporation (NYSE:SCM - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 11,205 shares of the investment management company's stock, valued at approximately $157,000. Hedge funds and other institutional investors own 13.22% of the company's stock.

Wall Street Analysts Forecast Growth

SCM has been the topic of several analyst reports. Keefe, Bruyette & Woods cut 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. Wall Street Zen raised Stellus Capital Investment from a "sell" rating to a "hold" rating in a research report on Friday, June 27th.

About Stellus Capital Investment

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.