Raymond James Financial Inc. Purchases New Position in Stellus Capital Investment Co. (NYSE:SCM)

Raymond James Financial Inc. purchased a new position in Stellus Capital Investment Co. (NYSE:SCM) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 241,849 shares of the investment management company’s stock, valued at approximately $3,328,000. Raymond James Financial Inc. owned approximately 0.89% of Stellus Capital Investment at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. ORG Partners LLC purchased a new stake in shares of Stellus Capital Investment during the fourth quarter valued at $29,000. JPMorgan Chase & Co. raised its stake in Stellus Capital Investment by 70.8% in the third quarter. JPMorgan Chase & Co. now owns 14,949 shares of the investment management company’s stock valued at $205,000 after buying an additional 6,197 shares during the last quarter. Paloma Partners Management Co acquired a new position in Stellus Capital Investment during the 3rd quarter valued at approximately $226,000. Finally, PFG Investments LLC raised its stake in Stellus Capital Investment by 2.2% in the 4th quarter. PFG Investments LLC now owns 64,339 shares of the investment management company’s stock worth $885,000 after acquiring an additional 1,385 shares during the last quarter. Hedge funds and other institutional investors own 13.22% of the company’s stock.

Stellus Capital Investment Stock Down 0.3 %

Stellus Capital Investment stock opened at $14.50 on Friday. The business has a 50 day simple moving average of $14.67 and a 200-day simple moving average of $14.11. Stellus Capital Investment Co. has a 12 month low of $12.92 and a 12 month high of $15.56. The stock has a market capitalization of $398.90 million, a PE ratio of 7.40 and a beta of 1.07. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.29 and a quick ratio of 0.29.

Stellus Capital Investment (NYSE:SCM) last announced its earnings results on Tuesday, March 4th. The investment management company reported $0.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.41 by ($0.04). Stellus Capital Investment had a net margin of 45.39% and a return on equity of 13.49%. The company had revenue of $25.62 million during the quarter, compared to analyst estimates of $26.60 million. On average, analysts anticipate that Stellus Capital Investment Co. will post 1.74 EPS for the current fiscal year.

Stellus Capital Investment Announces Dividend

The company also recently announced a dividend, which was paid on Friday, February 14th. Shareholders of record on Monday, February 3rd were issued a dividend of $0.1333 per share. The ex-dividend date of this dividend was Friday, January 31st. This represents a dividend yield of 10.88%. Stellus Capital Investment’s payout ratio is currently 88.89%.

Analysts Set New Price Targets

Separately, StockNews.com downgraded shares of Stellus Capital Investment from a “hold” rating to a “sell” rating in a research report on Thursday.

Stellus Capital Investment 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.