Corient Private Wealth LP Makes New Investment in Stellus Capital Investment Corporation $SCM

Corient Private Wealth LP purchased a new stake in Stellus Capital Investment Corporation (NYSE:SCM) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 284,746 shares of the investment management company’s stock, valued at approximately $2,398,000.

A number of other hedge funds also recently made changes to their positions in SCM. Geneos Wealth Management Inc. bought a new position in Stellus Capital Investment in the 2nd quarter worth approximately $25,000. JPMorgan Chase & Co. acquired a new stake in Stellus Capital Investment in the 3rd quarter valued at approximately $28,000. BNP Paribas Financial Markets bought a new stake in Stellus Capital Investment during the 2nd quarter valued at $60,000. Kestra Advisory Services LLC acquired a new position in Stellus Capital Investment during the 4th quarter worth $62,000. Finally, Sanders Morris Harris LLC acquired a new position in Stellus Capital Investment during the 2nd quarter worth $117,000. Institutional investors own 13.22% of the company’s stock.

Stellus Capital Investment Trading Up 0.2%

Shares of NYSE SCM opened at $8.73 on Thursday. Stellus Capital Investment Corporation has a 12 month low of $6.83 and a 12 month high of $15.04. The company has a market cap of $248.74 million, a price-to-earnings ratio of 8.56 and a beta of 0.67. The company has a quick ratio of 0.06, a current ratio of 0.06 and a debt-to-equity ratio of 1.04. The business has a fifty day simple moving average of $8.21 and a 200-day simple moving average of $9.00.

Stellus Capital Investment (NYSE:SCM) last released its quarterly earnings results on Monday, August 10th. The investment management company reported $0.26 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.26. The business had revenue of $30.98 million during the quarter, compared to analyst estimates of $24.38 million. Stellus Capital Investment had a return on equity of 9.09% and a net margin of 30.66%. Sell-side analysts predict that Stellus Capital Investment Corporation will post 1.05 EPS for the current year.

Stellus Capital Investment Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th will be issued a $0.0833 dividend. This represents a c) annualized dividend and a dividend yield of 11.4%. The ex-dividend date is Wednesday, September 30th. Stellus Capital Investment’s dividend payout ratio (DPR) is presently 98.04%.

Wall Street Analysts Forecast Growth

SCM has been the subject of several recent analyst reports. Zacks Research raised Stellus Capital Investment from a “strong sell” rating to a “hold” rating in a research note on Friday, May 15th. Weiss Ratings raised shares of Stellus Capital Investment from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday, August 11th. Keefe, Bruyette & Woods lowered their target price on shares of Stellus Capital Investment from $9.00 to $8.00 and set a “market perform” rating on the stock in a research note on Monday, July 20th. LADENBURG THALM/SH SH dropped their price target on shares of Stellus Capital Investment from $11.00 to $10.50 and set a “buy” rating on the stock in a research report on Wednesday, August 12th. Finally, Wall Street Zen raised shares of Stellus Capital Investment from a “sell” rating to a “hold” rating in a research note on Saturday, May 16th. One research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $9.25.

About Stellus Capital Investment

Stellus Capital Investment Corporation (NYSE: SCM) is a closed-end, externally managed business development company that provides debt and equity financing to middle market companies in the United States. As an investment vehicle specializing in private credit, Stellus focuses on originating and structuring senior secured loans, unitranche facilities, mezzanine debt, and equity co-investments tailored to the unique needs of growing businesses. Its flexible capital solutions are designed to support acquisitions, recapitalizations, growth initiatives, and balance sheet refinancings.

Operating under an evergreen structure, Stellus Capital Investment partners with a diverse group of portfolio companies across industries such as manufacturing, healthcare, business services, and specialty finance.