Sigma Planning Corp Increases Stake in Stellus Capital Investment Co. (NYSE:SCM)

Sigma Planning Corp lifted its holdings in shares of Stellus Capital Investment Co. (NYSE:SCMFree Report) by 41.0% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 41,494 shares of the investment management company’s stock after purchasing an additional 12,066 shares during the quarter. Sigma Planning Corp owned about 0.18% of Stellus Capital Investment worth $564,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of SCM. Acadian Asset Management LLC grew its holdings in shares of Stellus Capital Investment by 155.7% during the 2nd quarter. Acadian Asset Management LLC now owns 225,652 shares of the investment management company’s stock worth $3,173,000 after purchasing an additional 137,408 shares during the period. Marshall Wace LLP acquired a new position in Stellus Capital Investment during the 2nd quarter worth about $1,583,000. Two Sigma Investments LP lifted its stake in Stellus Capital Investment by 117.8% during the 1st quarter. Two Sigma Investments LP now owns 140,899 shares of the investment management company’s stock worth $1,985,000 after acquiring an additional 76,208 shares in the last quarter. National Bank of Canada FI acquired a new position in Stellus Capital Investment during the 2nd quarter worth about $1,013,000. Finally, Two Sigma Advisers LP lifted its stake in Stellus Capital Investment by 97.2% during the 1st quarter. Two Sigma Advisers LP now owns 142,000 shares of the investment management company’s stock worth $2,001,000 after acquiring an additional 70,000 shares in the last quarter. 14.69% of the stock is currently owned by hedge funds and other institutional investors.

Stellus Capital Investment Price Performance

SCM stock opened at $12.85 on Friday. The company has a debt-to-equity ratio of 1.32, a current ratio of 0.16 and a quick ratio of 0.16. The firm has a market capitalization of $310.07 million, a P/E ratio of 25.70 and a beta of 1.18. The business’s 50-day moving average is $12.96 and its two-hundred day moving average is $13.47. Stellus Capital Investment Co. has a 1 year low of $12.19 and a 1 year high of $16.08.

Stellus Capital Investment (NYSE:SCMGet Free Report) last posted its quarterly earnings results on Tuesday, November 7th. The investment management company reported $0.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.47 by $0.02. The company had revenue of $27.17 million for the quarter, compared to analyst estimates of $27.24 million. Stellus Capital Investment had a return on equity of 13.35% and a net margin of 9.91%. Analysts anticipate that Stellus Capital Investment Co. will post 1.91 earnings per share for the current fiscal year.

Stellus Capital Investment Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Monday, April 15th. Stockholders of record on Friday, March 29th will be given a dividend of $0.1333 per share. This represents a $1.60 annualized dividend and a dividend yield of 12.45%. The ex-dividend date is Wednesday, March 27th. Stellus Capital Investment’s dividend payout ratio (DPR) is presently 320.00%.

Analyst Ratings Changes

SCM has been the topic of several research reports. StockNews.com raised Stellus Capital Investment from a “sell” rating to a “hold” rating in a research note on Thursday, January 25th. B. Riley lowered Stellus Capital Investment from a “neutral” rating to a “sell” rating and set a $13.00 target price on the stock. in a research note on Monday, January 8th.

View Our Latest Stock Analysis on Stellus Capital Investment

About Stellus Capital Investment

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Stellus Capital Investment (NYSE:SCM)

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