Stellus Capital Investment Co. (NYSE:SCM) Sees Large Decline in Short Interest

Stellus Capital Investment Co. (NYSE:SCM) saw a significant decrease in short interest in January. As of January 15th, there was short interest totalling 147,100 shares, a decrease of 20.8% from the December 31st total of 185,800 shares. Based on an average trading volume of 150,300 shares, the days-to-cover ratio is currently 1.0 days.

Institutional Investors Weigh In On Stellus Capital Investment

Several hedge funds have recently added to or reduced their stakes in SCM. Millennium Management LLC raised its holdings in shares of Stellus Capital Investment by 285.2% during the second quarter. Millennium Management LLC now owns 213,958 shares of the investment management company’s stock valued at $2,938,000 after purchasing an additional 158,415 shares during the last quarter. Marshall Wace LLP purchased a new position in shares of Stellus Capital Investment in the 2nd quarter worth $1,302,000. Raymond James & Associates grew its holdings in shares of Stellus Capital Investment by 2.2% in the third quarter. Raymond James & Associates now owns 228,375 shares of the investment management company’s stock worth $3,126,000 after acquiring an additional 4,859 shares during the period. Concurrent Investment Advisors LLC increased its position in Stellus Capital Investment by 17.6% during the third quarter. Concurrent Investment Advisors LLC now owns 18,096 shares of the investment management company’s stock valued at $248,000 after acquiring an additional 2,704 shares during the last quarter. Finally, Farther Finance Advisors LLC lifted its holdings in Stellus Capital Investment by 27.9% in the third quarter. Farther Finance Advisors LLC now owns 13,106 shares of the investment management company’s stock valued at $179,000 after acquiring an additional 2,862 shares during the period. 13.22% of the stock is owned by institutional investors.

Stellus Capital Investment Stock Down 1.3 %

SCM stock opened at $14.71 on Friday. The business’s 50 day moving average price is $13.92 and its two-hundred day moving average price is $13.90. The company has a market capitalization of $398.05 million, a price-to-earnings ratio of 7.51 and a beta of 1.12. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.29 and a current ratio of 0.29. Stellus Capital Investment has a fifty-two week low of $12.48 and a fifty-two week high of $15.05.

Stellus Capital Investment (NYSE:SCM) last posted its quarterly earnings data on Thursday, November 7th. The investment management company reported $0.40 EPS for the quarter, missing the consensus estimate of $0.46 by ($0.06). Stellus Capital Investment had a return on equity of 13.49% and a net margin of 45.39%. The business had revenue of $26.50 million for the quarter, compared to the consensus estimate of $27.36 million. During the same period in the previous year, the firm earned $0.49 EPS. As a group, analysts forecast that Stellus Capital Investment will post 1.74 earnings per share for the current fiscal year.

Stellus Capital Investment Dividend Announcement

The business also recently disclosed a dividend, which will be paid on Friday, February 14th. Investors of record on Monday, February 3rd will be given a dividend of $0.1333 per share. This represents a yield of 10.88%. The ex-dividend date of this dividend is Friday, January 31st. Stellus Capital Investment’s dividend payout ratio (DPR) is presently 81.63%.

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.