PFG Investments LLC Acquires 1,385 Shares of Stellus Capital Investment Co. (NYSE:SCM)

PFG Investments LLC raised its holdings in Stellus Capital Investment Co. (NYSE:SCM) by 2.2% in the 4th quarter, HoldingsChannel reports. The firm owned 64,339 shares of the investment management company’s stock after purchasing an additional 1,385 shares during the quarter. PFG Investments LLC’s holdings in Stellus Capital Investment were worth $885,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the business. ORG Partners LLC bought a new position in Stellus Capital Investment in the 4th quarter valued at $29,000. Concurrent Investment Advisors LLC raised its position in Stellus Capital Investment by 17.6% in the 3rd quarter. Concurrent Investment Advisors LLC now owns 18,096 shares of the investment management company’s stock valued at $248,000 after purchasing an additional 2,704 shares during the last quarter. Farther Finance Advisors LLC raised its position in Stellus Capital Investment by 27.9% in the 3rd quarter. Farther Finance Advisors LLC now owns 13,106 shares of the investment management company’s stock valued at $179,000 after purchasing an additional 2,862 shares during the last quarter. Raymond James & Associates raised its position in Stellus Capital Investment by 2.2% in the 3rd quarter. Raymond James & Associates now owns 228,375 shares of the investment management company’s stock valued at $3,126,000 after purchasing an additional 4,859 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its position in Stellus Capital Investment by 70.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 14,949 shares of the investment management company’s stock valued at $205,000 after purchasing an additional 6,197 shares during the last quarter. Institutional investors own 13.22% of the company’s stock.

Stellus Capital Investment Trading Up 0.8 %

Shares of SCM opened at $14.96 on Wednesday. The stock has a fifty day moving average price of $13.88 and a two-hundred day moving average price of $13.88. The company has a market cap of $404.68 million, a price-to-earnings ratio of 7.63 and a beta of 1.12. Stellus Capital Investment Co. has a 52-week low of $12.48 and a 52-week high of $14.99. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.29 and a current ratio of 0.29.

Stellus Capital Investment (NYSE:SCM) last released its earnings results on Thursday, November 7th. The investment management company reported $0.40 EPS for the quarter, missing the consensus estimate of $0.46 by ($0.06). The firm had revenue of $26.50 million during the quarter, compared to analyst estimates of $27.36 million. Stellus Capital Investment had a net margin of 45.39% and a return on equity of 13.49%. During the same period last year, the business posted $0.49 earnings per share. Analysts predict that Stellus Capital Investment Co. will post 1.74 EPS for the current fiscal year.

Stellus Capital Investment Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Saturday, March 29th will be paid a $0.1333 dividend. The ex-dividend date of this dividend is Friday, March 28th. This represents a $1.60 annualized dividend and a dividend yield of 10.70%. Stellus Capital Investment’s dividend payout ratio (DPR) is currently 81.63%.

About Stellus Capital Investment

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.