Concurrent Investment Advisors LLC Raises Stake in Stellus Capital Investment Co. (NYSE:SCM)

Concurrent Investment Advisors LLC raised its holdings in shares of Stellus Capital Investment Co. (NYSE:SCM) by 17.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 18,096 shares of the investment management company’s stock after acquiring an additional 2,704 shares during the period. Concurrent Investment Advisors LLC owned approximately 0.08% of Stellus Capital Investment worth $248,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Condor Capital Management lifted its position in shares of Stellus Capital Investment by 13.1% during the 1st quarter. Condor Capital Management now owns 183,093 shares of the investment management company’s stock valued at $2,395,000 after buying an additional 21,221 shares in the last quarter. Cliffwater LLC grew its position in Stellus Capital Investment by 2.9% in the first quarter. Cliffwater LLC now owns 99,960 shares of the investment management company’s stock worth $1,295,000 after acquiring an additional 2,771 shares during the period. CANADA LIFE ASSURANCE Co boosted its stake in Stellus Capital Investment by 4.2% during the first quarter. CANADA LIFE ASSURANCE Co now owns 20,395 shares of the investment management company’s stock worth $267,000 after buying an additional 827 shares during the period. Virtu Financial LLC acquired a new stake in Stellus Capital Investment in the 1st quarter valued at approximately $143,000. Finally, Raymond James & Associates raised its position in 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 valued at $3,069,000 after purchasing an additional 5,842 shares during the period. 13.22% of the stock is currently owned by institutional investors and hedge funds.

Stellus Capital Investment Trading Up 0.2 %

SCM opened at $13.76 on Tuesday. Stellus Capital Investment Co. has a 52 week low of $12.48 and a 52 week high of $14.68. The company has a quick ratio of 0.26, a current ratio of 0.26 and a debt-to-equity ratio of 1.21. The business has a fifty day simple moving average of $13.85 and a 200-day simple moving average of $13.91. The firm has a market cap of $357.48 million, a P/E ratio of 7.01 and a beta of 1.15.

Stellus Capital Investment Dividend Announcement

The company also recently announced a dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, November 1st will be given a $0.1333 dividend. This represents a yield of 11.3%. The ex-dividend date is Thursday, October 31st. Stellus Capital Investment’s dividend payout ratio is currently 81.63%.

Stellus Capital Investment 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.