Stellus Capital Investment Co. (NYSE:SCM) Short Interest Update

Stellus Capital Investment Co. (NYSE:SCM) was the recipient of a large increase in short interest in the month of February. As of February 15th, there was short interest totalling 326,800 shares, an increase of 72.6% from the January 31st total of 189,300 shares. Based on an average daily trading volume, of 142,700 shares, the short-interest ratio is currently 2.3 days.

Stellus Capital Investment Price Performance

Shares of SCM stock traded up $0.23 during midday trading on Monday, reaching $15.50. 219,799 shares of the company were exchanged, compared to its average volume of 139,650. The company’s 50 day moving average price is $14.52 and its two-hundred day moving average price is $14.05. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.29 and a current ratio of 0.29. The company has a market cap of $419.40 million, a P/E ratio of 7.91 and a beta of 1.12. Stellus Capital Investment has a 12 month low of $12.72 and a 12 month high of $15.56.

Stellus Capital Investment Announces Dividend

The company also recently announced a dividend, which was paid on Friday, February 14th. Shareholders of record on Monday, February 3rd were given a $0.1333 dividend. The ex-dividend date of this dividend was Friday, January 31st. This represents a yield of 10.88%. Stellus Capital Investment’s dividend payout ratio (DPR) is 81.63%.

Hedge Funds Weigh In On Stellus Capital Investment

Several hedge funds have recently modified their holdings of SCM. ORG Partners LLC acquired a new stake in shares of Stellus Capital Investment in the fourth quarter valued at $29,000. Farther Finance Advisors LLC lifted its holdings 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 acquiring an additional 2,862 shares during the last quarter. JPMorgan Chase & Co. boosted its position in shares of Stellus Capital Investment by 70.8% during 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 in the last quarter. Prime Capital Investment Advisors LLC acquired a new position in shares of Stellus Capital Investment in the 3rd quarter worth approximately $223,000. Finally, Paloma Partners Management Co acquired a new position in shares of Stellus Capital Investment in the 3rd quarter worth approximately $226,000. 13.22% of the stock is currently owned by institutional investors and hedge funds.

Stellus Capital Investment Company 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.