Stellus Capital Investment Co. (NYSE:SCM) Shares Sold by Sunbelt Securities Inc.

Sunbelt Securities Inc. cut its holdings in shares of Stellus Capital Investment Co. (NYSE:SCM – Get Rating) by 4.7% in the third quarter, HoldingsChannel reports. The firm owned 30,203 shares of the investment management company’s stock after selling 1,491 shares during the period. Sunbelt Securities Inc.’s holdings in Stellus Capital Investment were worth $360,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Virtus ETF Advisers LLC lifted its position in Stellus Capital Investment by 37.6% during the third quarter. Virtus ETF Advisers LLC now owns 32,193 shares of the investment management company’s stock valued at $384,000 after purchasing an additional 8,790 shares during the period. Cliffwater LLC lifted its position in Stellus Capital Investment by 3.4% during the third quarter. Cliffwater LLC now owns 253,584 shares of the investment management company’s stock valued at $3,025,000 after purchasing an additional 8,224 shares during the period. Credit Suisse AG acquired a new position in Stellus Capital Investment during the third quarter valued at $787,000. Condor Capital Management acquired a new position in Stellus Capital Investment during the third quarter valued at $1,029,000. Finally, UBS Group AG lifted its position in Stellus Capital Investment by 131.6% during the third quarter. UBS Group AG now owns 9,143 shares of the investment management company’s stock valued at $109,000 after purchasing an additional 5,195 shares during the period. 13.75% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. Raymond James downgraded shares of Stellus Capital Investment from an “outperform” rating to a “market perform” rating in a research report on Thursday, March 2nd. StockNews.com began coverage on shares of Stellus Capital Investment in a research report on Friday. They issued a “hold” rating for the company.

Stellus Capital Investment Stock Up 0.1 %

SCM stock opened at $14.01 on Friday. The stock has a market capitalization of $273.90 million, a P/E ratio of 18.93 and a beta of 1.22. The firm has a 50-day simple moving average of $14.61 and a 200-day simple moving average of $13.65. The company has a quick ratio of 0.26, a current ratio of 0.26 and a debt-to-equity ratio of 1.47. Stellus Capital Investment Co. has a 52 week low of $11.02 and a 52 week high of $16.08.

Stellus Capital Investment Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Friday, April 14th. Stockholders of record on Friday, March 31st will be paid a dividend of $0.1333 per share. The ex-dividend date is Thursday, March 30th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 11.42%. Stellus Capital Investment’s dividend payout ratio is currently 216.22%.

Stellus Capital Investment Company Profile

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Stellus Capital Investment Corp., a traded business development company invests in companies located in the United States with an EBITDA of $5 to $50 million. The fund targets companies operating in the fields of aerospace/defense, business services, consumer products, distribution, education, energy/industrial services, financial services, healthcare, manufacturing, media & entertainment, restaurant/retail, software/technology, and telecommunications.