Gables Capital Management Inc. Sells 30,610 Shares of Stellus Capital Investment Corporation $SCM

Gables Capital Management Inc. trimmed its stake in shares of Stellus Capital Investment Corporation (NYSE:SCM) by 31.2% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 67,618 shares of the investment management company’s stock after selling 30,610 shares during the quarter. Gables Capital Management Inc.’s holdings in Stellus Capital Investment were worth $943,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Chilton Capital Management LLC raised its stake in shares of Stellus Capital Investment by 10.6% during the 1st quarter. Chilton Capital Management LLC now owns 8,409 shares of the investment management company’s stock valued at $118,000 after purchasing an additional 809 shares during the period. Ameritas Advisory Services LLC bought a new stake in shares of Stellus Capital Investment during the 2nd quarter valued at $34,000. Sunbelt Securities Inc. raised its stake in shares of Stellus Capital Investment by 10.1% during the 1st quarter. Sunbelt Securities Inc. now owns 32,803 shares of the investment management company’s stock valued at $459,000 after purchasing an additional 3,022 shares during the period. Oppenheimer & Co. Inc. raised its stake in shares of Stellus Capital Investment by 27.7% during the 1st quarter. Oppenheimer & Co. Inc. now owns 15,440 shares of the investment management company’s stock valued at $216,000 after purchasing an additional 3,352 shares during the period. Finally, Royal Bank of Canada raised its stake in shares of Stellus Capital Investment by 15.8% during the 1st quarter. Royal Bank of Canada now owns 27,882 shares of the investment management company’s stock valued at $390,000 after purchasing an additional 3,808 shares during the period. 13.22% of the stock is currently owned by institutional investors.

Stellus Capital Investment Price Performance

Shares of NYSE SCM opened at $12.30 on Wednesday. The firm has a market capitalization of $349.52 million, a P/E ratio of 8.48 and a beta of 0.90. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 1.27. The stock’s 50-day simple moving average is $13.69 and its two-hundred day simple moving average is $13.65. Stellus Capital Investment Corporation has a twelve month low of $11.19 and a twelve month high of $15.56.

Stellus Capital Investment (NYSE:SCM) last announced its earnings results on Tuesday, December 14th. The investment management company reported $0.31 earnings per share for the quarter. The business had revenue of $27.03 million for the quarter. Stellus Capital Investment had a return on equity of 11.06% and a net margin of 38.24%. As a group, equities analysts anticipate that Stellus Capital Investment Corporation will post 1.74 EPS for the current fiscal year.

Stellus Capital Investment Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Thursday, January 15th. Stockholders of record on Wednesday, December 31st will be given a dividend of $0.1333 per share. The ex-dividend date is Wednesday, December 31st. This represents a c) annualized dividend and a dividend yield of 13.0%. Stellus Capital Investment’s dividend payout ratio is 110.34%.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on SCM. Weiss Ratings reiterated a “buy (b-)” rating on shares of Stellus Capital Investment in a research note on Tuesday, October 14th. Wall Street Zen lowered Stellus Capital Investment from a “hold” rating to a “sell” rating in a research note on Saturday, October 11th. Finally, Zacks Research lowered Stellus Capital Investment from a “hold” rating to a “strong sell” rating in a research note on Tuesday, October 14th. One equities research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Stellus Capital Investment has an average rating of “Hold” and a consensus price target of $13.00.

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.