Stellus Capital Investment (NYSE:SCM – Get Free Report) released its earnings results on Monday. The investment management company reported $0.27 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.27, Zacks reports. Stellus Capital Investment had a return on equity of 10.28% and a net margin of 26.48%.
Stellus Capital Investment Price Performance
Shares of NYSE:SCM traded down $0.26 during trading on Monday, hitting $9.49. 232,865 shares of the company’s stock were exchanged, compared to its average volume of 218,841. The company has a debt-to-equity ratio of 1.13, a current ratio of 0.14 and a quick ratio of 0.14. Stellus Capital Investment has a 52-week low of $8.43 and a 52-week high of $15.39. The business’s 50-day simple moving average is $9.54 and its 200 day simple moving average is $11.32. The company has a market cap of $274.62 million, a price-to-earnings ratio of 10.09 and a beta of 0.66.
Stellus Capital Investment Dividend Announcement
The firm also recently announced a monthly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th will be given a dividend of $0.1133 per share. The ex-dividend date is Tuesday, June 30th. This represents a c) annualized dividend and a dividend yield of 14.3%. Stellus Capital Investment’s dividend payout ratio (DPR) is currently 144.68%.
Analyst Upgrades and Downgrades
Read Our Latest Stock Report on SCM
Insider Activity at Stellus Capital Investment
In other news, Director Bruce R. Bilger purchased 45,490 shares of the company’s stock in a transaction that occurred on Friday, March 13th. The stock was bought at an average cost of $8.74 per share, with a total value of $397,582.60. Following the completion of the purchase, the director owned 228,055 shares in the company, valued at approximately $1,993,200.70. This represents a 24.92% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO W. Todd Huskinson purchased 5,700 shares of the company’s stock in a transaction that occurred on Friday, March 13th. The shares were purchased at an average cost of $8.79 per share, with a total value of $50,103.00. Following the completion of the purchase, the chief financial officer owned 54,297 shares of the company’s stock, valued at $477,270.63. The trade was a 11.73% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last three months, insiders bought 87,890 shares of company stock valued at $766,551. Insiders own 3.99% of the company’s stock.
Hedge Funds Weigh In On Stellus Capital Investment
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Corient Private Wealth LLC boosted its stake in Stellus Capital Investment by 138.9% during the second quarter. Corient Private Wealth LLC now owns 507,526 shares of the investment management company’s stock valued at $7,075,000 after buying an additional 295,068 shares during the last quarter. LPL Financial LLC boosted its stake in Stellus Capital Investment by 695.6% during the fourth quarter. LPL Financial LLC now owns 309,045 shares of the investment management company’s stock valued at $3,919,000 after buying an additional 270,199 shares during the last quarter. Two Sigma Investments LP boosted its stake in Stellus Capital Investment by 3.3% during the third quarter. Two Sigma Investments LP now owns 225,264 shares of the investment management company’s stock valued at $2,942,000 after buying an additional 7,132 shares during the last quarter. Advisors Asset Management Inc. boosted its stake in Stellus Capital Investment by 26.8% during the fourth quarter. Advisors Asset Management Inc. now owns 183,055 shares of the investment management company’s stock valued at $2,321,000 after buying an additional 38,733 shares during the last quarter. Finally, Inspire Advisors LLC boosted its stake in Stellus Capital Investment by 1.4% during the fourth quarter. Inspire Advisors LLC now owns 107,787 shares of the investment management company’s stock valued at $1,367,000 after buying an additional 1,525 shares during the last quarter. 13.22% of the stock is owned by institutional investors.
Stellus Capital Investment Company Profile
Stellus Capital Investment Corporation (NYSE: SCM) is a closed-end, externally managed business development company that provides debt and equity financing to middle market companies in the United States. As an investment vehicle specializing in private credit, Stellus focuses on originating and structuring senior secured loans, unitranche facilities, mezzanine debt, and equity co-investments tailored to the unique needs of growing businesses. Its flexible capital solutions are designed to support acquisitions, recapitalizations, growth initiatives, and balance sheet refinancings.
Operating under an evergreen structure, Stellus Capital Investment partners with a diverse group of portfolio companies across industries such as manufacturing, healthcare, business services, and specialty finance.
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