Corient Private Wealth LLC Acquires 41,305 Shares of Stellus Capital Investment Corporation $SCM

Corient Private Wealth LLC lifted its holdings in shares of Stellus Capital Investment Corporation (NYSE:SCM) by 19.4% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 253,763 shares of the investment management company’s stock after purchasing an additional 41,305 shares during the quarter. Corient Private Wealth LLC owned 0.89% of Stellus Capital Investment worth $3,537,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Muzinich & Co. Inc. raised its holdings in Stellus Capital Investment by 65.3% in the 2nd quarter. Muzinich & Co. Inc. now owns 144,005 shares of the investment management company’s stock valued at $2,007,000 after acquiring an additional 56,885 shares in the last quarter. Inspire Advisors LLC increased its position in shares of Stellus Capital Investment by 155.5% in the second quarter. Inspire Advisors LLC now owns 62,530 shares of the investment management company’s stock worth $872,000 after purchasing an additional 38,059 shares during the period. Laurel Wealth Advisors LLC acquired a new position in Stellus Capital Investment in the second quarter valued at about $405,000. HighTower Advisors LLC lifted its position in Stellus Capital Investment by 115.9% during the first quarter. HighTower Advisors LLC now owns 39,305 shares of the investment management company’s stock worth $550,000 after purchasing an additional 21,097 shares during the period. Finally, Advisors Asset Management Inc. grew its stake in Stellus Capital Investment by 10.4% during the first quarter. Advisors Asset Management Inc. now owns 131,283 shares of the investment management company’s stock worth $1,838,000 after buying an additional 12,320 shares in the last quarter. 13.22% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

SCM has been the subject of a number of recent analyst reports. Wall Street Zen downgraded shares of Stellus Capital Investment from a “hold” rating to a “sell” rating in a report on Sunday, November 9th. Zacks Research upgraded shares of Stellus Capital Investment from a “strong sell” rating to a “hold” rating in a research report on Thursday, November 13th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Stellus Capital Investment in a report on Monday, December 15th. Three equities research analysts have rated the stock with a Hold rating, According to MarketBeat.com, Stellus Capital Investment presently has an average rating of “Hold” and an average price target of $13.00.

Stellus Capital Investment Stock Down 0.7%

Stellus Capital Investment stock opened at $12.59 on Monday. The firm has a 50 day simple moving average of $12.19 and a 200 day simple moving average of $13.43. The firm has a market capitalization of $364.48 million, a price-to-earnings ratio of 11.55 and a beta of 0.66. The company has a current ratio of 0.10, a quick ratio of 0.10 and a debt-to-equity ratio of 1.24. Stellus Capital Investment Corporation has a 1-year low of $11.19 and a 1-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 EPS for the quarter. Stellus Capital Investment had a net margin of 29.77% and a return on equity of 10.72%. The company had revenue of $27.03 million during the quarter. On average, analysts predict that Stellus Capital Investment Corporation will post 1.74 earnings per share for the current year.

Stellus Capital Investment Announces Dividend

The firm 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 $0.1333 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 12.7%. The ex-dividend date is Wednesday, December 31st. Stellus Capital Investment’s dividend payout ratio (DPR) is currently 146.79%.

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.