Stellus Capital Investment Co. (NYSE:SCM) Shares Sold by Sigma Planning Corp

Sigma Planning Corp lowered its stake in Stellus Capital Investment Co. (NYSE:SCM) by 12.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 36,473 shares of the investment management company’s stock after selling 5,021 shares during the quarter. Sigma Planning Corp’s holdings in Stellus Capital Investment were worth $469,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. U.S. Capital Wealth Advisors LLC boosted its holdings in Stellus Capital Investment by 35.2% in the 3rd quarter. U.S. Capital Wealth Advisors LLC now owns 56,500 shares of the investment management company’s stock worth $768,000 after acquiring an additional 14,700 shares during the period. Raymond James & Associates lifted its position in shares of Stellus Capital Investment by 19.0% during the third quarter. Raymond James & Associates now owns 234,291 shares of the investment management company’s stock worth $3,186,000 after purchasing an additional 37,427 shares in the last quarter. Raymond James Financial Services Advisors Inc. purchased a new position in shares of Stellus Capital Investment in the third quarter valued at $160,000. Astoria Portfolio Advisors LLC. acquired a new stake in Stellus Capital Investment during the 3rd quarter valued at $239,000. Finally, Virtus ETF Advisers LLC increased its stake in Stellus Capital Investment by 129.8% during the 3rd quarter. Virtus ETF Advisers LLC now owns 43,058 shares of the investment management company’s stock worth $586,000 after buying an additional 24,317 shares during the period. Institutional investors and hedge funds own 13.22% of the company’s stock.

Stellus Capital Investment Trading Down 1.3 %

NYSE SCM opened at $13.99 on Friday. The company has a market capitalization of $337.58 million, a price-to-earnings ratio of 17.94 and a beta of 1.17. The company has a debt-to-equity ratio of 1.31, a current ratio of 0.20 and a quick ratio of 0.20. Stellus Capital Investment Co. has a 12 month low of $12.19 and a 12 month high of $15.40. The company’s fifty day moving average price is $13.19 and its two-hundred day moving average price is $13.02.

Stellus Capital Investment (NYSE:SCM) last issued its quarterly earnings results on Tuesday, March 5th. The investment management company reported $0.45 EPS for the quarter, missing the consensus estimate of $0.46 by ($0.01). The company had revenue of $28.02 million for the quarter, compared to the consensus estimate of $27.20 million. Stellus Capital Investment had a return on equity of 14.01% and a net margin of 16.56%. During the same period in the previous year, the business posted $0.44 EPS. As a group, research analysts predict that Stellus Capital Investment Co. will post 1.77 earnings per share for the current fiscal year.

Stellus Capital Investment Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Monday, July 15th. Shareholders of record on Friday, June 28th will be issued a dividend of $0.1333 per share. This represents a $1.60 dividend on an annualized basis and a yield of 11.43%. The ex-dividend date of this dividend is Friday, June 28th. Stellus Capital Investment’s dividend payout ratio is presently 205.13%.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Oppenheimer reiterated a “market perform” rating and issued a $14.00 price objective on shares of Stellus Capital Investment in a report on Wednesday, March 6th. StockNews.com raised Stellus Capital Investment from a “sell” rating to a “hold” rating in a report on Wednesday, March 13th. Finally, B. Riley restated a “sell” rating and set a $12.50 price objective (down previously from $13.00) on shares of Stellus Capital Investment in a research note on Wednesday, March 6th.

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 prefers to invest in US and Canada.