Stellus Capital Investment (NYSE:SCM) CFO Acquires $50,103.00 in Stock

Stellus Capital Investment Corporation (NYSE:SCM) CFO W. Todd Huskinson purchased 5,700 shares of the company’s stock in a transaction that occurred on Friday, March 13th. The stock was bought at an average cost of $8.79 per share, for a total transaction of $50,103.00. Following the purchase, the chief financial officer directly owned 54,297 shares in the company, valued at $477,270.63. This represents a 11.73% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Stellus Capital Investment Price Performance

SCM stock opened at $9.53 on Friday. Stellus Capital Investment Corporation has a one year low of $8.43 and a one year high of $15.39. The firm has a 50-day moving average of $11.35 and a two-hundred day moving average of $12.25. The firm has a market capitalization of $275.89 million, a PE ratio of 10.14 and a beta of 0.68. The company has a current ratio of 0.14, a quick ratio of 0.14 and a debt-to-equity ratio of 1.13.

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

Stellus Capital Investment Announces Dividend

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

Hedge Funds Weigh In On Stellus Capital Investment

Several institutional investors and hedge funds have recently modified their holdings of the stock. Sumitomo Mitsui Trust Group Inc. boosted its position in Stellus Capital Investment by 65.9% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 156,050 shares of the investment management company’s stock valued at $2,038,000 after purchasing an additional 62,002 shares during the last quarter. Inspire Advisors LLC grew its stake in Stellus Capital Investment by 155.5% in the second quarter. Inspire Advisors LLC now owns 62,530 shares of the investment management company’s stock valued at $872,000 after purchasing an additional 38,059 shares in the last quarter. Sunbelt Securities Inc. increased its position in Stellus Capital Investment by 390.7% in the 3rd quarter. Sunbelt Securities Inc. now owns 146,133 shares of the investment management company’s stock worth $1,909,000 after purchasing an additional 116,352 shares during the last quarter. Corient Private Wealth LLC increased its position in Stellus Capital Investment by 19.4% in the 2nd quarter. Corient Private Wealth LLC now owns 253,763 shares of the investment management company’s stock worth $3,537,000 after purchasing an additional 41,305 shares during the last quarter. Finally, Muzinich & Co. Inc. raised its stake in shares of Stellus Capital Investment by 43.7% during the 3rd quarter. Muzinich & Co. Inc. now owns 206,893 shares of the investment management company’s stock worth $2,702,000 after purchasing an additional 62,888 shares in the last quarter. 13.22% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have recently weighed in on SCM. Weiss Ratings reiterated a “hold (c)” rating on shares of Stellus Capital Investment in a report on Monday, December 29th. Keefe, Bruyette & Woods reduced 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 note on Monday. Three equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $9.00.

About Stellus Capital Investment

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.