Stellus Capital Investment Corporation (NYSE:SCM – Get Free Report) Director J Tim Arnoult purchased 9,000 shares of the firm’s stock in a transaction on Tuesday, May 19th. The shares were purchased at an average cost of $9.05 per share, for a total transaction of $81,450.00. Following the completion of the purchase, the director directly owned 50,869 shares in the company, valued at $460,364.45. The trade was a 21.50% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.
J Tim Arnoult also recently made the following trade(s):
- On Tuesday, June 23rd, J Tim Arnoult purchased 700 shares of Stellus Capital Investment stock. The stock was acquired at an average price of $8.29 per share, with a total value of $5,803.00.
- On Wednesday, May 13th, J Tim Arnoult bought 1,000 shares of Stellus Capital Investment stock. The shares were acquired at an average price of $9.27 per share, for a total transaction of $9,270.00.
Stellus Capital Investment Trading Up 0.8%
Shares of SCM stock traded up $0.07 during trading hours on Thursday, hitting $8.02. 313,154 shares of the company were exchanged, compared to its average volume of 191,098. The firm has a market cap of $232.03 million, a PE ratio of 9.77 and a beta of 0.63. Stellus Capital Investment Corporation has a 1 year low of $7.78 and a 1 year high of $15.39. The company has a quick ratio of 0.04, a current ratio of 0.04 and a debt-to-equity ratio of 1.05. The firm has a fifty day moving average of $9.15 and a 200 day moving average of $10.54.
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. This represents a c) dividend on an annualized basis and a yield of 17.0%. The ex-dividend date of this dividend is Tuesday, June 30th. Stellus Capital Investment’s dividend payout ratio is 165.85%.
Institutional Trading of Stellus Capital Investment
Hedge funds have recently added to or reduced their stakes in the business. Sunbelt Securities Inc. lifted its holdings in Stellus Capital Investment by 31.5% in the first quarter. Sunbelt Securities Inc. now owns 203,190 shares of the investment management company’s stock worth $1,871,000 after purchasing an additional 48,617 shares during the period. Gallagher Capital Advisors LLC bought a new stake in Stellus Capital Investment during the first quarter worth approximately $313,000. PFG Investments LLC boosted its stake in shares of Stellus Capital Investment by 7.2% during the 1st quarter. PFG Investments LLC now owns 74,661 shares of the investment management company’s stock worth $688,000 after acquiring an additional 5,016 shares in the last quarter. Janney Montgomery Scott LLC purchased a new position in Stellus Capital Investment in the 1st quarter worth about $399,000. Finally, Corient Private Wealth LLC increased its position in shares of Stellus Capital Investment by 2.6% in the fourth quarter. Corient Private Wealth LLC now owns 281,166 shares of the investment management company’s stock worth $3,565,000 after acquiring an additional 7,066 shares in the last quarter. Institutional investors own 13.22% of the company’s stock.
Wall Street Analysts Forecast Growth
Several equities research analysts recently commented on the company. Zacks Research upgraded Stellus Capital Investment from a “strong sell” rating to a “hold” rating in a report on Friday, May 15th. Weiss Ratings reissued a “hold (c-)” rating on shares of Stellus Capital Investment in a research report on Friday, June 12th. Wall Street Zen raised shares of Stellus Capital Investment from a “sell” rating to a “hold” rating in a research report on Saturday, May 16th. Keefe, Bruyette & Woods dropped their price target on Stellus Capital Investment from $13.00 to $9.00 and set a “market perform” rating on the stock in a research report on Monday, March 16th. Finally, LADENBURG THALM/SH SH decreased their target price on Stellus Capital Investment from $12.00 to $11.00 and set a “buy” rating for the company in a research note on Wednesday, May 13th. One research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $10.00.
Read Our Latest Stock Analysis on Stellus Capital Investment
About Stellus Capital Investment
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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