Condor Capital Management Has $3.70 Million Holdings in Stellus Capital Investment Co. (NYSE:SCM)

Condor Capital Management increased its position in shares of Stellus Capital Investment Co. (NYSE:SCM) by 47.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 269,416 shares of the investment management company’s stock after acquiring an additional 86,323 shares during the quarter. Condor Capital Management owned 1.12% of Stellus Capital Investment worth $3,699,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Icon Wealth Advisors LLC purchased a new position in Stellus Capital Investment during the fourth quarter valued at approximately $1,684,000. Trexquant Investment LP bought a new stake in Stellus Capital Investment in the fourth quarter worth approximately $377,000. BCR Wealth Strategies LLC bought a new stake in Stellus Capital Investment in the second quarter worth approximately $368,000. Concurrent Investment Advisors LLC bought a new stake in Stellus Capital Investment in the second quarter worth approximately $211,000. Finally, Edge Financial Advisors LLC bought a new stake in Stellus Capital Investment in the first quarter worth approximately $160,000. Institutional investors and hedge funds own 13.22% of the company’s stock.

Stellus Capital Investment Stock Performance

SCM stock opened at $13.73 on Friday. The company has a quick ratio of 0.26, a current ratio of 0.26 and a debt-to-equity ratio of 1.21. The company has a market capitalization of $356.71 million, a price-to-earnings ratio of 12.71 and a beta of 1.15. Stellus Capital Investment Co. has a 12 month low of $12.19 and a 12 month high of $14.68. The firm has a 50 day moving average of $13.89 and a two-hundred day moving average of $13.71.

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, topping the consensus estimate of $0.44 by $0.06. The business had revenue of $26.63 million during the quarter, compared to the consensus estimate of $26.41 million. Stellus Capital Investment had a net margin of 28.55% and a return on equity of 14.15%. As a group, equities analysts anticipate that Stellus Capital Investment Co. will post 1.85 EPS for the current fiscal year.

Stellus Capital Investment Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be issued a dividend of $0.1333 per share. This represents a $1.60 annualized dividend and a dividend yield of 11.65%. The ex-dividend date of this dividend is Monday, September 30th. Stellus Capital Investment’s dividend payout ratio is currently 148.15%.

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.