JPMorgan Chase & Co. Boosts Holdings in Stellus Capital Investment Co. (NYSE:SCM)

JPMorgan Chase & Co. raised its holdings in shares of Stellus Capital Investment Co. (NYSE:SCM) by 70.8% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 14,949 shares of the investment management company’s stock after buying an additional 6,197 shares during the period. JPMorgan Chase & Co. owned about 0.06% of Stellus Capital Investment worth $205,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Millennium Management LLC lifted its holdings in Stellus Capital Investment by 285.2% during the second quarter. Millennium Management LLC now owns 213,958 shares of the investment management company’s stock valued at $2,938,000 after purchasing an additional 158,415 shares in the last quarter. Marshall Wace LLP purchased a new position in shares of Stellus Capital Investment during the 2nd quarter valued at $1,302,000. Raymond James & Associates boosted its holdings in Stellus Capital Investment by 2.2% in the 3rd quarter. Raymond James & Associates now owns 228,375 shares of the investment management company’s stock worth $3,126,000 after buying an additional 4,859 shares during the period. Concurrent Investment Advisors LLC grew its position in shares of Stellus Capital Investment by 17.6% during the third quarter. Concurrent Investment Advisors LLC now owns 18,096 shares of the investment management company’s stock worth $248,000 after purchasing an additional 2,704 shares in the last quarter. Finally, Farther Finance Advisors LLC boosted its stake in Stellus Capital Investment by 27.9% in the 3rd quarter. Farther Finance Advisors LLC now owns 13,106 shares of the investment management company’s stock worth $179,000 after purchasing an additional 2,862 shares during the period. 13.22% of the stock is owned by hedge funds and other institutional investors.

Stellus Capital Investment Trading Down 1.3 %

Shares of SCM stock opened at $14.71 on Friday. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 1.15. The stock has a market capitalization of $398.05 million, a price-to-earnings ratio of 7.51 and a beta of 1.12. Stellus Capital Investment Co. has a 12-month low of $12.48 and a 12-month high of $15.05. The stock’s 50-day moving average price is $13.92 and its 200-day moving average price is $13.90.

Stellus Capital Investment (NYSE:SCM) last released its earnings results on Thursday, November 7th. The investment management company reported $0.40 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.46 by ($0.06). Stellus Capital Investment had a return on equity of 13.49% and a net margin of 45.39%. The firm had revenue of $26.50 million during the quarter, compared to the consensus estimate of $27.36 million. During the same quarter last year, the business posted $0.49 EPS. Equities research analysts predict that Stellus Capital Investment Co. will post 1.74 EPS for the current fiscal year.

Stellus Capital Investment Dividend Announcement

The firm also recently announced a dividend, which will be paid on Friday, February 14th. Investors of record on Monday, February 3rd will be paid a dividend of $0.1333 per share. The ex-dividend date of this dividend is Friday, January 31st. This represents a yield of 10.88%. Stellus Capital Investment’s dividend payout ratio (DPR) is 81.63%.

About Stellus Capital Investment

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.