Gables Capital Management Inc. Invests $565,000 in Stellus Capital Investment Corporation $SCM

Gables Capital Management Inc. purchased a new position in Stellus Capital Investment Corporation (NYSE:SCM) during the second quarter, Holdings Channel reports. The fund purchased 67,052 shares of the investment management company’s stock, valued at approximately $565,000.

Several other institutional investors also recently added to or reduced their stakes in SCM. Corient Private Wealth LLC increased its holdings in Stellus Capital Investment by 138.9% during the second quarter. Corient Private Wealth LLC now owns 507,526 shares of the investment management company’s stock worth $7,075,000 after buying an additional 295,068 shares during the last quarter. LPL Financial LLC boosted its stake in Stellus Capital Investment by 695.6% in the fourth quarter. LPL Financial LLC now owns 309,045 shares of the investment management company’s stock valued at $3,919,000 after acquiring an additional 270,199 shares during the last quarter. Two Sigma Investments LP boosted its stake in 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 acquiring an additional 7,132 shares during the last quarter. Condor Capital Management grew its position in shares of Stellus Capital Investment by 5.7% during the 4th quarter. Condor Capital Management now owns 214,438 shares of the investment management company’s stock valued at $2,719,000 after acquiring an additional 11,592 shares during the period. Finally, Sunbelt Securities Inc. grew its position in shares of Stellus Capital Investment by 31.5% during the 1st quarter. Sunbelt Securities Inc. now owns 203,190 shares of the investment management company’s stock valued at $1,871,000 after acquiring an additional 48,617 shares during the period. Institutional investors own 13.22% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently commented on SCM. Wall Street Zen raised shares of Stellus Capital Investment from a “sell” rating to a “hold” rating in a report on Saturday, May 16th. Keefe, Bruyette & Woods reduced their price objective on Stellus Capital Investment from $9.00 to $8.00 and set a “market perform” rating for the company in a report on Monday, July 20th. Weiss Ratings raised Stellus Capital Investment from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, August 11th. Zacks Research raised Stellus Capital Investment from a “strong sell” rating to a “hold” rating in a research report on Friday, May 15th. Finally, LADENBURG THALM/SH SH decreased their price objective on Stellus Capital Investment from $11.00 to $10.50 and set a “buy” rating for the company in a report on Wednesday, August 12th. One investment analyst has rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, Stellus Capital Investment has a consensus rating of “Hold” and a consensus price target of $9.25.

Stellus Capital Investment Trading Down 0.1%

Shares of SCM opened at $8.57 on Wednesday. Stellus Capital Investment Corporation has a twelve month low of $6.83 and a twelve month high of $15.04. The stock has a market cap of $244.07 million, a PE ratio of 8.40 and a beta of 0.65. The company has a quick ratio of 0.06, a current ratio of 0.06 and a debt-to-equity ratio of 1.04. The business’s 50-day moving average price is $8.18 and its 200-day moving average price is $9.26.

Stellus Capital Investment (NYSE:SCM) last released its quarterly earnings data on Monday, August 10th. The investment management company reported $0.26 EPS for the quarter, meeting analysts’ consensus estimates of $0.26. The company had revenue of $30.98 million during the quarter, compared to analyst estimates of $24.38 million. Stellus Capital Investment had a net margin of 30.66% and a return on equity of 9.09%. On average, equities analysts forecast that Stellus Capital Investment Corporation will post 1.05 EPS for the current fiscal year.

Stellus Capital Investment Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th will be paid a $0.0833 dividend. The ex-dividend date is Wednesday, September 30th. This represents a c) annualized dividend and a yield of 11.7%. Stellus Capital Investment’s dividend payout ratio is currently 98.04%.

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.