Icon Wealth Advisors LLC Sells 127,484 Shares of Stellus Capital Investment Co. (NYSE:SCM)

Icon Wealth Advisors LLC decreased its holdings in shares of Stellus Capital Investment Co. (NYSE:SCM) by 97.0% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 3,973 shares of the investment management company’s stock after selling 127,484 shares during the period. Icon Wealth Advisors LLC’s holdings in Stellus Capital Investment were worth $54,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. PFG Investments LLC boosted its position in Stellus Capital Investment by 1.3% in the third quarter. PFG Investments LLC now owns 62,954 shares of the investment management company’s stock valued at $862,000 after buying an additional 792 shares during the last quarter. CANADA LIFE ASSURANCE Co grew its holdings in Stellus Capital Investment by 4.2% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 20,395 shares of the investment management company’s stock valued at $267,000 after buying an additional 827 shares in the last quarter. Chilton Capital Management LLC grew its holdings in Stellus Capital Investment by 15.2% in the 2nd quarter. Chilton Capital Management LLC now owns 7,600 shares of the investment management company’s stock valued at $104,000 after buying an additional 1,000 shares in the last quarter. PSI Advisors LLC grew its holdings in Stellus Capital Investment by 91.7% in the 2nd quarter. PSI Advisors LLC now owns 2,300 shares of the investment management company’s stock valued at $32,000 after buying an additional 1,100 shares in the last quarter. Finally, Concurrent Investment Advisors LLC grew its holdings in shares of Stellus Capital Investment by 17.6% during the 3rd quarter. Concurrent Investment Advisors LLC now owns 18,096 shares of the investment management company’s stock worth $248,000 after purchasing an additional 2,704 shares during the period. Hedge funds and other institutional investors own 13.22% of the company’s stock.

Stellus Capital Investment Stock Performance

NYSE SCM opened at $13.81 on Monday. The stock has a fifty day simple moving average of $13.89 and a 200-day simple moving average of $13.89. Stellus Capital Investment Co. has a twelve month low of $12.48 and a twelve month high of $14.68. The stock has a market cap of $373.70 million, a PE ratio of 7.05 and a beta of 1.15. 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 Announces Dividend

The business also recently declared a dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, November 1st were given a $0.1333 dividend. This represents a yield of 11.3%. The ex-dividend date of this dividend was Thursday, October 31st. Stellus Capital Investment’s dividend payout ratio is currently 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.