Joshua T. Davis Acquires 50,000 Shares of Stellus Capital Investment Corporation (SCM) Stock

Stellus Capital Investment Corporation (NYSE:SCM) Director Joshua T. Davis purchased 50,000 shares of the stock in a transaction on Wednesday, November 15th. The shares were purchased at an average price of $12.35 per share, for a total transaction of $617,500.00. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Stellus Capital Investment Corporation (NYSE:SCM) opened at $12.67 on Friday. The company has a quick ratio of 0.28, a current ratio of 0.44 and a debt-to-equity ratio of 0.50. The company has a market capitalization of $197.73, a PE ratio of 9.56 and a beta of 0.56. Stellus Capital Investment Corporation has a twelve month low of $11.23 and a twelve month high of $14.82.

Stellus Capital Investment Corporation (NYSE:SCM) last posted its earnings results on Thursday, November 9th. The investment management company reported $0.29 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.31 by ($0.02). The business had revenue of $9.98 million during the quarter. Stellus Capital Investment Corporation had a return on equity of 9.35% and a net margin of 57.94%. research analysts expect that Stellus Capital Investment Corporation will post 1.26 EPS for the current year.

The firm also recently announced a monthly dividend, which will be paid on Friday, January 12th. Investors of record on Friday, December 29th will be paid a $0.1133 dividend. The ex-dividend date is Thursday, December 28th. This represents a $1.36 annualized dividend and a dividend yield of 10.73%. Stellus Capital Investment Corporation’s payout ratio is presently 80.47%.

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SCM has been the topic of a number of research reports. ValuEngine downgraded Stellus Capital Investment Corporation from a “strong-buy” rating to a “buy” rating in a research report on Thursday, August 10th. Zacks Investment Research upgraded Stellus Capital Investment Corporation from a “sell” rating to a “hold” rating in a report on Thursday, August 10th. Ladenburg Thalmann Financial Services initiated coverage on Stellus Capital Investment Corporation in a report on Monday, September 25th. They issued a “buy” rating and a $14.50 price objective on the stock. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $14.00 price objective on shares of Stellus Capital Investment Corporation in a report on Friday, November 10th. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $14.50.

Several hedge funds and other institutional investors have recently bought and sold shares of SCM. Morgan Stanley grew its stake in shares of Stellus Capital Investment Corporation by 3.1% in the first quarter. Morgan Stanley now owns 96,072 shares of the investment management company’s stock worth $1,398,000 after purchasing an additional 2,896 shares during the last quarter. Goldman Sachs Group Inc. boosted its position in Stellus Capital Investment Corporation by 127.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 23,293 shares of the investment management company’s stock valued at $339,000 after acquiring an additional 13,061 shares in the last quarter. Bank of Montreal Can bought a new stake in Stellus Capital Investment Corporation during the 2nd quarter valued at approximately $2,468,000. Russell Investments Group Ltd. bought a new stake in Stellus Capital Investment Corporation during the 2nd quarter valued at approximately $650,000. Finally, Acadian Asset Management LLC bought a new stake in Stellus Capital Investment Corporation during the 2nd quarter valued at approximately $2,042,000. 26.60% of the stock is currently owned by institutional investors.

Stellus Capital Investment Corporation Company Profile

Stellus Capital Investment Corporation is a closed-end, non-diversified management investment company. The Company originates and invests primarily in private middle-market companies through first lien, second lien, unitranche and mezzanine debt financing, with corresponding equity co-investments. The Company’s investment objective is to maximize the total return to its stockholders in the form of current income and capital appreciation.

Insider Buying and Selling by Quarter for Stellus Capital Investment Corporation (NYSE:SCM)

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