Raymond James & Associates Has $2.95 Million Stock Position in Stellus Capital Investment Co. (NYSE:SCM)

Raymond James & Associates reduced its position in shares of Stellus Capital Investment Co. (NYSE:SCM) by 1.9% in the 4th quarter, Holdings Channel reports. The firm owned 229,829 shares of the investment management company’s stock after selling 4,462 shares during the period. Raymond James & Associates’ holdings in Stellus Capital Investment were worth $2,953,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in SCM. Virtus ETF Advisers LLC grew its stake in shares of Stellus Capital Investment by 129.8% during the third quarter. Virtus ETF Advisers LLC now owns 43,058 shares of the investment management company’s stock worth $586,000 after buying an additional 24,317 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of Stellus Capital Investment during the third quarter worth $217,000. Oppenheimer & Co. Inc. bought a new stake in shares of Stellus Capital Investment during the third quarter worth $171,000. PEAK6 Investments LLC bought a new stake in shares of Stellus Capital Investment during the third quarter worth $265,000. Finally, Muzinich & Co. Inc. grew its stake in shares of Stellus Capital Investment by 7.1% during the third quarter. Muzinich & Co. Inc. now owns 71,420 shares of the investment management company’s stock worth $971,000 after buying an additional 4,709 shares during the last quarter. 13.22% of the stock is currently owned by institutional investors and hedge funds.

Stellus Capital Investment Stock Performance

Shares of Stellus Capital Investment stock opened at $13.40 on Monday. The company has a quick ratio of 0.20, a current ratio of 0.20 and a debt-to-equity ratio of 1.31. Stellus Capital Investment Co. has a twelve month low of $12.19 and a twelve month high of $15.40. The stock has a market cap of $323.34 million, a price-to-earnings ratio of 17.18 and a beta of 1.17. The company’s fifty day moving average is $12.99 and its 200 day moving average is $12.99.

Stellus Capital Investment (NYSE:SCM) last issued its quarterly earnings data on Tuesday, March 5th. The investment management company reported $0.45 earnings per share for the quarter, missing the consensus estimate of $0.46 by ($0.01). Stellus Capital Investment had a return on equity of 14.01% and a net margin of 16.56%. The business had revenue of $28.02 million during the quarter, compared to the consensus estimate of $27.20 million. During the same period in the prior year, the firm earned $0.44 EPS. Sell-side analysts forecast that Stellus Capital Investment Co. will post 1.77 EPS for the current year.

Stellus Capital Investment Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, July 15th. Shareholders of record on Friday, June 28th will be given a dividend of $0.1333 per share. The ex-dividend date of this dividend is Friday, June 28th. This represents a $1.60 dividend on an annualized basis and a yield of 11.94%. Stellus Capital Investment’s dividend payout ratio (DPR) is currently 205.13%.

Analyst Ratings Changes

A number of analysts have weighed in on the stock. StockNews.com raised shares of Stellus Capital Investment from a “sell” rating to a “hold” rating in a research note on Wednesday, March 13th. B. Riley reissued a “sell” rating and issued a $12.50 price objective (down previously from $13.00) on shares of Stellus Capital Investment in a research note on Wednesday, March 6th. Finally, Oppenheimer reissued a “market perform” rating and issued a $14.00 price objective on shares of Stellus Capital Investment in a research note on Wednesday, March 6th.

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 prefers to invest in US and Canada.