Gables Capital Management Inc. Lowers Position in Stellus Capital Investment Co. (NYSE:SCM)

Gables Capital Management Inc. trimmed its holdings in shares of Stellus Capital Investment Co. (NYSE:SCM) by 3.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 98,156 shares of the investment management company’s stock after selling 3,743 shares during the quarter. Gables Capital Management Inc.’s holdings in Stellus Capital Investment were worth $1,351,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. JPMorgan Chase & Co. increased its position in shares of Stellus Capital Investment by 70.8% during the third quarter. JPMorgan Chase & Co. now owns 14,949 shares of the investment management company’s stock valued at $205,000 after acquiring an additional 6,197 shares during the last quarter. Concurrent Investment Advisors LLC increased its position in shares of 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. Farther Finance Advisors LLC increased its position in shares of Stellus Capital Investment by 27.9% during 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 last quarter. ORG Partners LLC purchased a new stake in shares of Stellus Capital Investment during the fourth quarter valued at approximately $29,000. Finally, Paloma Partners Management Co purchased a new stake in shares of Stellus Capital Investment during the third quarter valued at approximately $226,000. 13.22% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded Stellus Capital Investment from a “hold” rating to a “sell” rating in a research report on Friday.

Stellus Capital Investment Price Performance

Shares of NYSE SCM opened at $13.93 on Tuesday. The stock has a fifty day simple moving average of $14.57 and a two-hundred day simple moving average of $14.07. Stellus Capital Investment Co. has a 1-year low of $12.85 and a 1-year high of $15.56. The firm has a market cap of $383.35 million, a price-to-earnings ratio of 7.11 and a beta of 1.07. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 1.15.

Stellus Capital Investment (NYSE:SCM) last announced its quarterly earnings data on Tuesday, March 4th. The investment management company reported $0.37 earnings per share for the quarter, missing the consensus estimate of $0.41 by ($0.04). Stellus Capital Investment had a net margin of 45.39% and a return on equity of 13.49%. The firm had revenue of $25.62 million for the quarter, compared to the consensus estimate of $26.60 million. Analysts anticipate that Stellus Capital Investment Co. will post 1.74 earnings per share for the current year.

Stellus Capital Investment Announces Dividend

The company also recently disclosed a dividend, which was paid on Friday, February 14th. Shareholders of record on Monday, February 3rd were issued a dividend of $0.1333 per share. This represents a yield of 10.88%. The ex-dividend date of this dividend was Friday, January 31st. Stellus Capital Investment’s dividend payout ratio (DPR) is 88.89%.

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.