Ajo LP Lowers Stock Position in Stellus Capital Investment Corp (NYSE:SCM)

AJO LP lessened its position in shares of Stellus Capital Investment Corp (NYSE:SCM) by 1.5% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 261,517 shares of the investment management company’s stock after selling 3,973 shares during the quarter. AJO LP owned approximately 1.40% of Stellus Capital Investment worth $3,700,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in SCM. Icon Wealth Partners LLC bought a new stake in Stellus Capital Investment in the first quarter valued at $42,000. Acadian Asset Management LLC bought a new stake in Stellus Capital Investment in the first quarter valued at $443,000. Sumitomo Mitsui Asset Management Company LTD grew its position in Stellus Capital Investment by 47.0% in the first quarter. Sumitomo Mitsui Asset Management Company LTD now owns 48,103 shares of the investment management company’s stock valued at $680,000 after acquiring an additional 15,375 shares during the period. Raymond James & Associates grew its position in Stellus Capital Investment by 88.5% in the first quarter. Raymond James & Associates now owns 182,641 shares of the investment management company’s stock valued at $2,584,000 after acquiring an additional 85,763 shares during the period. Finally, Raymond James Financial Services Advisors Inc. bought a new stake in Stellus Capital Investment in the first quarter valued at $816,000. Institutional investors own 17.51% of the company’s stock.

A number of analysts have weighed in on SCM shares. TheStreet upgraded Stellus Capital Investment from a “c+” rating to a “b” rating in a research report on Wednesday, June 5th. Zacks Investment Research cut Stellus Capital Investment from a “hold” rating to a “sell” rating in a research report on Tuesday, May 14th.

SCM traded up $0.01 during midday trading on Monday, hitting $13.84. 78,867 shares of the company were exchanged, compared to its average volume of 120,408. The firm has a market capitalization of $263.80 million, a price-to-earnings ratio of 9.75 and a beta of 0.68. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.36 and a quick ratio of 0.36. The business has a 50 day moving average price of $13.96. Stellus Capital Investment Corp has a 1-year low of $11.65 and a 1-year high of $15.30.

Stellus Capital Investment (NYSE:SCM) last posted its earnings results on Friday, May 10th. The investment management company reported $0.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.35 by ($0.01). The company had revenue of $13.84 million for the quarter, compared to analysts’ expectations of $14.13 million. Stellus Capital Investment had a return on equity of 9.97% and a net margin of 51.60%. On average, equities analysts predict that Stellus Capital Investment Corp will post 1.33 EPS for the current year.

The business also recently declared a monthly dividend, which was paid on Friday, June 14th. Shareholders of record on Friday, May 31st were paid a $0.1133 dividend. This represents a $1.36 annualized dividend and a yield of 9.82%. The ex-dividend date was Thursday, May 30th. Stellus Capital Investment’s payout ratio is currently 95.77%.

Stellus Capital Investment 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 seeks to invest in companies with an EBITDA between $5 million and $50 million.

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Institutional Ownership by Quarter for Stellus Capital Investment (NYSE:SCM)

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