Stellus Capital Investment Co. (NYSE:SCM) Shares Sold by Sunbelt Securities Inc.

Sunbelt Securities Inc. lowered its holdings in shares of Stellus Capital Investment Co. (NYSE:SCM) by 8.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 37,481 shares of the investment management company’s stock after selling 3,454 shares during the period. Sunbelt Securities Inc. owned about 0.16% of Stellus Capital Investment worth $490,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of SCM. Icon Wealth Advisors LLC acquired a new position in shares of Stellus Capital Investment during the 4th quarter worth approximately $1,684,000. Condor Capital Management increased its position 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 buying an additional 18,504 shares in the last quarter. Trexquant Investment LP acquired a new position in shares of Stellus Capital Investment in the fourth quarter worth $377,000. Gables Capital Management Inc. lifted its position in shares of Stellus Capital Investment by 1.2% in the fourth quarter. Gables Capital Management Inc. now owns 99,334 shares of the investment management company’s stock valued at $1,276,000 after acquiring an additional 1,135 shares in the last quarter. Finally, Jump Financial LLC boosted its stake in shares of Stellus Capital Investment by 5.8% during the fourth quarter. Jump Financial LLC now owns 19,600 shares of the investment management company’s stock valued at $252,000 after acquiring an additional 1,081 shares during the last quarter. Hedge funds and other institutional investors own 13.22% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently weighed in on SCM. StockNews.com raised shares of Stellus Capital Investment from a “sell” rating to a “hold” rating in a research note on Wednesday, March 13th. Oppenheimer reissued a “market perform” rating and issued a $14.00 price objective on shares of Stellus Capital Investment in a research report on Wednesday, March 6th. Finally, B. Riley upgraded shares of Stellus Capital Investment from a “sell” rating to a “neutral” rating and raised their target price for the stock from $12.50 to $13.25 in a research report on Monday, May 13th.

Stellus Capital Investment Stock Performance

NYSE SCM opened at $13.78 on Thursday. The business’s 50-day moving average price is $13.96 and its 200 day moving average price is $13.34. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 1.30. Stellus Capital Investment Co. has a twelve month low of $12.19 and a twelve month high of $15.40. The company has a market capitalization of $332.51 million, a PE ratio of 12.76 and a beta of 1.15.

Stellus Capital Investment (NYSE:SCM) last announced its quarterly earnings data on Thursday, May 9th. The investment management company reported $0.44 earnings per share for the quarter, missing the consensus estimate of $0.46 by ($0.02). Stellus Capital Investment had a return on equity of 14.08% and a net margin of 24.08%. The company had revenue of $26.00 million for the quarter, compared to analysts’ expectations of $25.98 million. During the same quarter in the previous year, the company earned $0.45 earnings per share. On average, research analysts predict that Stellus Capital Investment Co. will post 1.73 earnings per share for the current year.

Stellus Capital Investment Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, July 15th. Stockholders of record on Friday, June 28th will be paid a dividend of $0.1333 per share. The ex-dividend date is Friday, June 28th. This represents a $1.60 annualized dividend and a dividend yield of 11.61%. Stellus Capital Investment’s dividend payout ratio is presently 148.15%.

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.