Stellus Capital Investment Corp (NYSE:SCM) was the recipient of a large increase in short interest in December. As of December 31st, there was short interest totalling 295,700 shares, an increase of 12.1% from the December 15th total of 263,900 shares. Approximately 1.7% of the company’s stock are sold short. Based on an average trading volume of 91,000 shares, the short-interest ratio is currently 3.2 days.
Stellus Capital Investment stock remained flat at $$14.40 during mid-day trading on Thursday. The company had a trading volume of 45,709 shares, compared to its average volume of 100,774. The stock’s 50-day moving average is $14.34 and its 200 day moving average is $13.91. The firm has a market cap of $272.25 million, a P/E ratio of 10.14 and a beta of 0.67. The company has a current ratio of 0.19, a quick ratio of 0.19 and a debt-to-equity ratio of 0.71. Stellus Capital Investment has a 1 year low of $12.65 and a 1 year high of $15.30.
Stellus Capital Investment (NYSE:SCM) last announced its quarterly earnings data on Thursday, November 7th. The investment management company reported $0.31 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.31. The firm had revenue of $15.52 million during the quarter, compared to the consensus estimate of $14.61 million. Stellus Capital Investment had a return on equity of 9.44% and a net margin of 45.89%. As a group, equities analysts forecast that Stellus Capital Investment will post 1.27 earnings per share for the current fiscal year.
The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st will be paid a $0.1133 dividend. This represents a $1.36 annualized dividend and a yield of 9.44%. The ex-dividend date is Monday, March 30th. Stellus Capital Investment’s dividend payout ratio is currently 95.77%.
Separately, Zacks Investment Research raised Stellus Capital Investment from a “sell” rating to a “hold” rating in a research note on Tuesday.
Institutional investors have recently made changes to their positions in the stock. Stifel Financial Corp purchased a new stake in Stellus Capital Investment in the 3rd quarter worth about $144,000. BlackRock Inc. increased its position in Stellus Capital Investment by 26.3% in the 2nd quarter. BlackRock Inc. now owns 89,105 shares of the investment management company’s stock worth $1,232,000 after purchasing an additional 18,534 shares during the last quarter. Confluence Investment Management LLC increased its position in Stellus Capital Investment by 2.5% in the 3rd quarter. Confluence Investment Management LLC now owns 480,043 shares of the investment management company’s stock worth $6,543,000 after purchasing an additional 11,933 shares during the last quarter. Gables Capital Management Inc. increased its position in Stellus Capital Investment by 6.2% in the 3rd quarter. Gables Capital Management Inc. now owns 138,212 shares of the investment management company’s stock worth $1,886,000 after purchasing an additional 8,114 shares during the last quarter. Finally, Russell Investments Group Ltd. increased its position in Stellus Capital Investment by 462.2% in the 2nd quarter. Russell Investments Group Ltd. now owns 18,243 shares of the investment management company’s stock worth $252,000 after purchasing an additional 14,998 shares during the last quarter. 16.43% of the stock is owned by hedge funds and other institutional investors.
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 seeks to invest in companies with an EBITDA between $5 million and $50 million.
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