Stellus Capital Investment (NYSE:SCM) Director J Tim Arnoult Buys 9,000 Shares

Stellus Capital Investment Corporation (NYSE:SCM) Director J Tim Arnoult purchased 9,000 shares of the firm’s stock in a transaction on Tuesday, May 19th. The shares were purchased at an average cost of $9.05 per share, for a total transaction of $81,450.00. Following the completion of the purchase, the director directly owned 50,869 shares in the company, valued at $460,364.45. The trade was a 21.50% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

J Tim Arnoult also recently made the following trade(s):

• On Tuesday, June 23rd, J Tim Arnoult bought 700 shares of Stellus Capital Investment stock. The stock was bought at an average cost of $8.29 per share, for a total transaction of $5,803.00.
• On Wednesday, May 13th, J Tim Arnoult purchased 1,000 shares of Stellus Capital Investment stock. The stock was bought at an average price of $9.27 per share, for a total transaction of $9,270.00.

Stellus Capital Investment Price Performance

Shares of Stellus Capital Investment stock opened at $8.02 on Friday. Stellus Capital Investment Corporation has a twelve month low of $7.78 and a twelve month high of $15.39. The stock has a market capitalization of $232.03 million, a P/E ratio of 9.77 and a beta of 0.63. The company has a current ratio of 0.04, a quick ratio of 0.04 and a debt-to-equity ratio of 1.05. The business’s fifty day moving average price is $9.15 and its 200 day moving average price is $10.54.

Stellus Capital Investment (NYSE:SCM) last announced its quarterly earnings results on Monday, May 11th. The investment management company reported $0.27 EPS for the quarter, hitting the consensus estimate of $0.27. The company had revenue of $17.45 million during the quarter, compared to analyst estimates of $24.80 million. Stellus Capital Investment had a return on equity of 9.69% and a net margin of 23.59%. As a group, research analysts anticipate that Stellus Capital Investment Corporation will post 1.06 earnings per share for the current year.

Stellus Capital Investment Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th will be issued a $0.1133 dividend. The ex-dividend date is Tuesday, June 30th. This represents a c) annualized dividend and a yield of 17.0%. Stellus Capital Investment’s dividend payout ratio (DPR) is presently 165.85%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Geneos Wealth Management Inc. bought a new position in Stellus Capital Investment during the second quarter worth $25,000. Laurel Wealth Advisors LLC bought a new stake in Stellus Capital Investment during the fourth quarter valued at $26,000. JPMorgan Chase & Co. acquired a new stake in shares of Stellus Capital Investment during the third quarter worth $28,000. BNP Paribas Financial Markets acquired a new stake in shares of Stellus Capital Investment during the second quarter worth $60,000. Finally, Kestra Advisory Services LLC bought a new position in shares of Stellus Capital Investment in the 4th quarter worth about $62,000. 13.22% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have weighed in on SCM shares. Zacks Research raised shares of Stellus Capital Investment from a “strong sell” rating to a “hold” rating in a research report on Friday, May 15th. LADENBURG THALM/SH SH dropped their price objective on shares of Stellus Capital Investment from $12.00 to $11.00 and set a “buy” rating for the company in a research report on Wednesday, May 13th. Wall Street Zen raised shares of Stellus Capital Investment from a “sell” rating to a “hold” rating in a research note on Saturday, May 16th. Keefe, Bruyette & Woods reduced their target price on shares of Stellus Capital Investment from $13.00 to $9.00 and set a “market perform” rating on the stock in a report on Monday, March 16th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Stellus Capital Investment in a research report on Friday, June 12th. One investment analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $10.00.

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.