Stellus Capital Investment Corporation $SCM Shares Acquired by Ethos Financial Group LLC

Ethos Financial Group LLC lifted its stake in shares of Stellus Capital Investment Corporation (NYSE:SCM) by 2.4% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 197,095 shares of the investment management company’s stock after purchasing an additional 4,633 shares during the period. Ethos Financial Group LLC owned about 0.69% of Stellus Capital Investment worth $2,748,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Ameritas Advisory Services LLC acquired a new stake in Stellus Capital Investment during the second quarter valued at approximately $34,000. XTX Topco Ltd bought a new stake in shares of Stellus Capital Investment in the 1st quarter valued at approximately $150,000. Quantbot Technologies LP acquired a new stake in shares of Stellus Capital Investment during the 1st quarter valued at approximately $155,000. Jane Street Group LLC bought a new position in Stellus Capital Investment during the first quarter worth $157,000. Finally, Inspire Advisors LLC bought a new position in Stellus Capital Investment during the first quarter worth $343,000. 13.22% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have weighed in on SCM shares. Wall Street Zen raised shares of Stellus Capital Investment from a “sell” rating to a “hold” rating in a report on Saturday, November 1st. Weiss Ratings lowered shares of Stellus Capital Investment from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, October 30th. Finally, Zacks Research cut shares of Stellus Capital Investment from a “hold” rating to a “strong sell” rating in a report on Tuesday, October 14th. Two research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Stellus Capital Investment currently has an average rating of “Reduce” and an average price target of $13.00.

Stellus Capital Investment Stock Up 0.3%

Stellus Capital Investment stock opened at $11.88 on Thursday. The company has a 50-day simple moving average of $13.13 and a 200-day simple moving average of $13.64. The firm has a market capitalization of $337.58 million, a P/E ratio of 8.19 and a beta of 0.88. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.28 and a current ratio of 0.28. Stellus Capital Investment Corporation has a one year low of $11.19 and a one year high of $15.56.

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

Stellus Capital Investment Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Thursday, January 15th. Shareholders of record on Wednesday, December 31st will be paid a dividend of $0.1333 per share. The ex-dividend date of this dividend is Wednesday, December 31st. This represents a c) annualized dividend and a yield of 13.5%. Stellus Capital Investment’s payout ratio is presently 110.34%.

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.