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

Stellus Capital Investment Co. (NYSE:SCM) was the recipient of a significant decline in short interest during the month of December. As of December 15th, there was short interest totalling 149,400 shares, a decline of 21.9% from the November 30th total of 191,200 shares. Based on an average daily volume of 148,700 shares, the days-to-cover ratio is currently 1.0 days.

Stellus Capital Investment Stock Performance

NYSE:SCM traded up $0.05 during trading hours on Friday, reaching $13.75. The company had a trading volume of 90,775 shares, compared to its average volume of 141,311. The firm has a market cap of $372.05 million, a price-to-earnings ratio of 7.02 and a beta of 1.12. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 1.15. The firm’s 50 day moving average price is $13.82 and its 200-day moving average price is $13.84. Stellus Capital Investment has a 52 week low of $12.48 and a 52 week high of $14.68.

Stellus Capital Investment Dividend Announcement

The firm also recently disclosed a dividend, which was paid on Friday, November 15th. Investors of record on Friday, November 1st were issued a $0.1333 dividend. This represents a dividend yield of 11.3%. The ex-dividend date of this dividend was Thursday, October 31st. Stellus Capital Investment’s payout ratio is 81.63%.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Raymond James & Associates increased its stake in shares of Stellus Capital Investment by 2.7% in the second quarter. Raymond James & Associates now owns 223,516 shares of the investment management company’s stock worth $3,069,000 after purchasing an additional 5,842 shares in the last quarter. Concurrent Investment Advisors LLC purchased a new position in Stellus Capital Investment in the 2nd quarter worth approximately $211,000. Chilton Capital Management LLC boosted its stake in Stellus Capital Investment by 15.2% in the 2nd quarter. Chilton Capital Management LLC now owns 7,600 shares of the investment management company’s stock worth $104,000 after purchasing an additional 1,000 shares during the period. Condor Capital Management raised its position in shares of Stellus Capital Investment by 47.1% during the 2nd quarter. Condor Capital Management now owns 269,416 shares of the investment management company’s stock valued at $3,699,000 after buying an additional 86,323 shares in the last quarter. Finally, Magnetar Financial LLC purchased a new position in Stellus Capital Investment in the second quarter worth about $544,000. 13.22% of the stock is currently owned by institutional investors.

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.