Magnetar Financial LLC Makes New Investment in Stellus Capital Investment Co. (NYSE:SCM)

Magnetar Financial LLC bought a new stake in Stellus Capital Investment Co. (NYSE:SCM) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 39,615 shares of the investment management company’s stock, valued at approximately $544,000. Magnetar Financial LLC owned 0.15% of Stellus Capital Investment at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in SCM. Condor Capital Management raised its position in Stellus Capital Investment by 47.1% in the 2nd quarter. Condor Capital Management now owns 269,416 shares of the investment management company’s stock worth $3,699,000 after purchasing an additional 86,323 shares during the period. Raymond James & Associates grew its stake in shares of Stellus Capital Investment by 2.7% during the second quarter. Raymond James & Associates now owns 223,516 shares of the investment management company’s stock valued at $3,069,000 after buying an additional 5,842 shares during the last quarter. Icon Wealth Advisors LLC purchased a new stake in shares of Stellus Capital Investment in the fourth quarter worth approximately $1,684,000. Cliffwater LLC lifted its stake in shares of Stellus Capital Investment by 2.9% during the 1st quarter. Cliffwater LLC now owns 99,960 shares of the investment management company’s stock worth $1,295,000 after acquiring an additional 2,771 shares during the last quarter. Finally, Trexquant Investment LP purchased a new position in Stellus Capital Investment during the 4th quarter valued at $377,000. Institutional investors own 13.22% of the company’s stock.

Stellus Capital Investment Stock Performance

Shares of Stellus Capital Investment stock opened at $13.65 on Wednesday. The company has a quick ratio of 0.26, a current ratio of 0.26 and a debt-to-equity ratio of 1.21. The stock’s fifty day moving average is $13.84 and its two-hundred day moving average is $13.76. Stellus Capital Investment Co. has a 52 week low of $12.19 and a 52 week high of $14.68. The company has a market capitalization of $354.63 million, a PE ratio of 12.64 and a beta of 1.15.

Stellus Capital Investment (NYSE:SCM) last posted its quarterly earnings results on Wednesday, August 7th. The investment management company reported $0.50 EPS for the quarter, topping analysts’ consensus estimates of $0.44 by $0.06. Stellus Capital Investment had a net margin of 28.55% and a return on equity of 14.15%. The firm had revenue of $26.63 million for the quarter, compared to analysts’ expectations of $26.41 million. As a group, analysts expect that Stellus Capital Investment Co. will post 1.85 earnings per share for the current year.

Stellus Capital Investment Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be given a dividend of $0.1333 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 11.72%. The ex-dividend date of this dividend is Monday, September 30th. Stellus Capital Investment’s dividend payout ratio (DPR) 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.