Sanders Morris Harris LLC grew its holdings in Stellus Capital Investment Corp (NYSE:SCM) by 6.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 22,259 shares of the investment management company’s stock after buying an additional 1,368 shares during the period. Sanders Morris Harris LLC owned 0.11% of Stellus Capital Investment worth $194,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also added to or reduced their stakes in SCM. WINTON GROUP Ltd acquired a new position in Stellus Capital Investment in the 2nd quarter valued at $844,000. Legal & General Group Plc increased its stake in shares of Stellus Capital Investment by 33.7% in the 1st quarter. Legal & General Group Plc now owns 108,484 shares of the investment management company’s stock valued at $794,000 after purchasing an additional 27,317 shares during the last quarter. Cliffwater LLC bought a new position in shares of Stellus Capital Investment in the 2nd quarter valued at $441,000. Rockefeller Capital Management L.P. bought a new position in shares of Stellus Capital Investment in the 2nd quarter valued at $310,000. Finally, California Public Employees Retirement System increased its stake in shares of Stellus Capital Investment by 31.1% in the 2nd quarter. California Public Employees Retirement System now owns 40,500 shares of the investment management company’s stock valued at $295,000 after purchasing an additional 9,600 shares during the last quarter. 15.66% of the stock is owned by institutional investors.
A number of equities research analysts recently weighed in on the company. Raymond James restated a “buy” rating on shares of Stellus Capital Investment in a research report on Tuesday, September 15th. National Securities raised Stellus Capital Investment to a “buy” rating in a report on Monday, August 3rd. Finally, Zacks Investment Research raised Stellus Capital Investment from a “sell” rating to a “hold” rating in a report on Tuesday, July 14th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the stock. Stellus Capital Investment presently has an average rating of “Hold” and an average price target of $12.00.
In related news, Director Dean D’angelo bought 5,000 shares of the company’s stock in a transaction on Tuesday, September 1st. The shares were purchased at an average price of $8.12 per share, for a total transaction of $40,600.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Robert T. Ladd bought 20,000 shares of the company’s stock in a transaction on Tuesday, August 4th. The shares were bought at an average price of $7.98 per share, for a total transaction of $159,600.00. The disclosure for this purchase can be found here. In the last quarter, insiders purchased 45,000 shares of company stock worth $361,800. 5.41% of the stock is owned by company insiders.
Stellus Capital Investment stock traded up $0.01 during trading on Friday, hitting $8.40. The stock had a trading volume of 61,010 shares, compared to its average volume of 156,925. Stellus Capital Investment Corp has a 1 year low of $4.10 and a 1 year high of $15.04. The company has a quick ratio of 0.14, a current ratio of 0.14 and a debt-to-equity ratio of 0.79. The stock’s 50 day moving average is $8.57 and its two-hundred day moving average is $7.94. The stock has a market cap of $163.68 million, a price-to-earnings ratio of 27.10 and a beta of 1.29.
Stellus Capital Investment (NYSE:SCM) last posted its quarterly earnings data on Friday, July 31st. The investment management company reported $0.29 EPS for the quarter, beating the consensus estimate of $0.24 by $0.05. Stellus Capital Investment had a return on equity of 9.60% and a net margin of 10.29%. The business had revenue of $13.84 million for the quarter, compared to the consensus estimate of $14.49 million. As a group, equities research analysts anticipate that Stellus Capital Investment Corp will post 1.1 EPS for the current fiscal year.
The company also recently disclosed a None dividend, which will be paid on Tuesday, December 29th. Investors of record on Tuesday, December 15th will be paid a $0.31 dividend. The ex-dividend date of this dividend is Monday, December 14th. This represents a yield of 11.8%. Stellus Capital Investment’s payout ratio is 81.30%.
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 seeks to invest in companies with an EBITDA between $5 million and $50 million.
Further Reading: Marijuana Stocks
Want to see what other hedge funds are holding SCM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Stellus Capital Investment Corp (NYSE:SCM).
Receive News & Ratings for Stellus Capital Investment Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Stellus Capital Investment and related companies with MarketBeat.com's FREE daily email newsletter.