Stellus Capital Investment Co. (NYSE:SCM) Shares Purchased by Raymond James & Associates

Raymond James & Associates raised its holdings in Stellus Capital Investment Co. (NYSE:SCM) by 2.2% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 228,375 shares of the investment management company’s stock after acquiring an additional 4,859 shares during the period. Raymond James & Associates owned approximately 0.88% of Stellus Capital Investment worth $3,126,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in SCM. Millennium Management LLC lifted its holdings in Stellus Capital Investment by 285.2% in the second quarter. Millennium Management LLC now owns 213,958 shares of the investment management company’s stock valued at $2,938,000 after acquiring an additional 158,415 shares during the last quarter. Marshall Wace LLP acquired a new position in Stellus Capital Investment in the second quarter valued at about $1,302,000. Condor Capital Management boosted its stake in Stellus Capital Investment by 47.1% during the second quarter. Condor Capital Management now owns 269,416 shares of the investment management company’s stock worth $3,699,000 after buying an additional 86,323 shares during the period. Magnetar Financial LLC purchased a new stake in shares of Stellus Capital Investment in the 2nd quarter valued at approximately $544,000. Finally, BCR Wealth Strategies LLC acquired a new position in shares of Stellus Capital Investment in the 2nd quarter worth approximately $368,000. Hedge funds and other institutional investors own 13.22% of the company’s stock.

Stellus Capital Investment Stock Down 1.8 %

Stellus Capital Investment stock opened at $13.57 on Tuesday. The company has a market capitalization of $352.55 million, a PE ratio of 10.77 and a beta of 1.15. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.26 and a current ratio of 0.26. Stellus Capital Investment Co. has a fifty-two week low of $12.34 and a fifty-two week high of $14.68. The firm has a 50 day moving average price of $13.84 and a 200 day moving average price of $13.92.

Stellus Capital Investment (NYSE:SCM) last posted its quarterly earnings data on Wednesday, August 7th. The investment management company reported $0.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.44 by $0.06. Stellus Capital Investment had a return on equity of 14.15% and a net margin of 28.55%. The firm had revenue of $26.63 million for the quarter, compared to the consensus estimate of $26.41 million. Research analysts expect that Stellus Capital Investment Co. will post 1.84 earnings per share for the current year.

Stellus Capital Investment Announces Dividend

The firm also recently announced a dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, November 1st will be issued a dividend of $0.1333 per share. The ex-dividend date of this dividend is Thursday, October 31st. This represents a yield of 11.3%. Stellus Capital Investment’s dividend payout ratio (DPR) is presently 126.99%.

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.