Stellus Capital Investment (NYSE:SCM) CEO Acquires $14,365.00 in Stock

Stellus Capital Investment Corporation (NYSE:SCM) CEO Robert Ladd bought 1,700 shares of the firm’s stock in a transaction that occurred on Monday, March 16th. The stock was purchased at an average price of $8.45 per share, with a total value of $14,365.00. Following the completion of the purchase, the chief executive officer owned 669,635 shares in the company, valued at approximately $5,658,415.75. This trade represents a 0.25% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Stellus Capital Investment Stock Down 0.3%

SCM stock opened at $9.53 on Friday. The firm’s fifty day moving average is $11.35 and its 200 day moving average is $12.25. The firm has a market cap of $275.89 million, a PE ratio of 10.14 and a beta of 0.68. Stellus Capital Investment Corporation has a one year low of $8.43 and a one year high of $15.39. The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.14 and a current ratio of 0.14.

Stellus Capital Investment (NYSE:SCM) last posted its earnings results on Wednesday, March 11th. The investment management company reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.31 by ($0.02). Stellus Capital Investment had a return on equity of 10.28% and a net margin of 26.48%.The firm had revenue of $23.98 million for the quarter, compared to analysts’ expectations of $26.33 million. On average, research analysts forecast that Stellus Capital Investment Corporation will post 1.74 EPS for the current year.

Stellus Capital Investment Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st will be given a dividend of $0.1133 per share. The ex-dividend date is Tuesday, March 31st. This represents a c) dividend on an annualized basis and a yield of 14.3%. Stellus Capital Investment’s dividend payout ratio is currently 144.68%.

Analyst Upgrades and Downgrades

SCM has been the subject of a number of recent analyst reports. Keefe, Bruyette & Woods cut their price objective on Stellus Capital Investment from $13.00 to $9.00 and set a “market perform” rating for the company in a research report on Monday. Weiss Ratings reiterated a “hold (c)” rating on shares of Stellus Capital Investment in a research report on Monday, December 29th. Three research analysts have rated the stock with a Hold rating, According to MarketBeat.com, Stellus Capital Investment currently has a consensus rating of “Hold” and an average target price of $9.00.

Institutional Trading of Stellus Capital Investment

Large investors have recently made changes to their positions in the company. Corient Private Wealth LLC lifted its holdings in Stellus Capital Investment by 138.9% in the 2nd quarter. Corient Private Wealth LLC now owns 507,526 shares of the investment management company’s stock valued at $7,075,000 after purchasing an additional 295,068 shares in the last quarter. LPL Financial LLC grew its holdings in shares of Stellus Capital Investment by 695.6% during the fourth quarter. LPL Financial LLC now owns 309,045 shares of the investment management company’s stock worth $3,919,000 after buying an additional 270,199 shares in the last quarter. Muzinich & Co. Inc. raised its position in shares of Stellus Capital Investment by 22.5% in the fourth quarter. Muzinich & Co. Inc. now owns 253,534 shares of the investment management company’s stock valued at $3,215,000 after buying an additional 46,641 shares during the last quarter. Two Sigma Investments LP raised its position in shares of Stellus Capital Investment by 3.3% in the third quarter. Two Sigma Investments LP now owns 225,264 shares of the investment management company’s stock valued at $2,942,000 after buying an additional 7,132 shares during the last quarter. Finally, Condor Capital Management lifted its stake in shares of Stellus Capital Investment by 5.7% in the fourth quarter. Condor Capital Management now owns 214,438 shares of the investment management company’s stock worth $2,719,000 after buying an additional 11,592 shares in the last quarter. 13.22% of the stock is currently owned by hedge funds and other institutional investors.

Stellus Capital Investment Company Profile

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.