Stellus Capital Investment Co. (NYSE:SCM) Short Interest Update

Stellus Capital Investment Co. (NYSE:SCM) saw a significant decline in short interest during the month of August. As of August 15th, there was short interest totalling 218,500 shares, a decline of 21.7% from the July 31st total of 279,100 shares. Based on an average daily trading volume, of 162,800 shares, the short-interest ratio is presently 1.3 days.

Institutional Trading of Stellus Capital Investment

A number of hedge funds and other institutional investors have recently made changes to their positions in SCM. PSI Advisors LLC increased its position in shares of Stellus Capital Investment by 91.7% during the 2nd quarter. PSI Advisors LLC now owns 2,300 shares of the investment management company’s stock valued at $32,000 after purchasing an additional 1,100 shares during the period. Chilton Capital Management LLC grew its holdings in Stellus Capital Investment by 15.2% during the second quarter. Chilton Capital Management LLC now owns 7,600 shares of the investment management company’s stock worth $104,000 after acquiring an additional 1,000 shares during the period. Virtu Financial LLC acquired a new position in Stellus Capital Investment during the first quarter worth about $143,000. Edge Financial Advisors LLC acquired a new stake in Stellus Capital Investment in the 1st quarter valued at about $160,000. Finally, Concurrent Investment Advisors LLC bought a new position in shares of Stellus Capital Investment during the 2nd quarter valued at about $211,000. 13.22% of the stock is currently owned by institutional investors.

Stellus Capital Investment Stock Performance

Shares of NYSE:SCM traded up $0.01 on Thursday, hitting $13.75. The company’s stock had a trading volume of 218,872 shares, compared to its average volume of 138,421. The company has a market capitalization of $331.73 million, a price-to-earnings ratio of 12.73 and a beta of 1.17. 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 has a 12 month low of $12.19 and a 12 month high of $14.68. The stock’s 50-day moving average is $13.93 and its two-hundred day moving average is $13.65.

Stellus Capital Investment Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be given a $0.1333 dividend. The ex-dividend date is Monday, September 30th. This represents a $1.60 dividend on an annualized basis and a yield of 11.63%. Stellus Capital Investment’s dividend payout ratio is presently 148.15%.

Analysts Set New Price Targets

Separately, B. Riley upgraded Stellus Capital Investment from a “sell” rating to a “neutral” rating and boosted their price objective for the stock from $12.50 to $13.25 in a research report on Monday, May 13th.

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.