Sumitomo Mitsui Trust Group Inc. Purchases 21,355 Shares of Stellus Capital Investment Corporation (NYSE:SCM)

Sumitomo Mitsui Trust Group Inc. raised its position in Stellus Capital Investment Corporation (NYSE:SCM) by 33.7% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 84,762 shares of the investment management company’s stock after purchasing an additional 21,355 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in Stellus Capital Investment were worth $1,187,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Raymond James Financial Inc. purchased a new stake in shares of Stellus Capital Investment in the fourth quarter worth $3,328,000. Condor Capital Management grew its position in Stellus Capital Investment by 1.5% during the fourth quarter. Condor Capital Management now owns 183,778 shares of the investment management company’s stock worth $2,529,000 after buying an additional 2,664 shares in the last quarter. Legal & General Group Plc increased its stake in Stellus Capital Investment by 0.9% in the 4th quarter. Legal & General Group Plc now owns 173,702 shares of the investment management company’s stock worth $2,393,000 after acquiring an additional 1,527 shares during the last quarter. Corient Private Wealth LLC raised its holdings in shares of Stellus Capital Investment by 48.3% in the 4th quarter. Corient Private Wealth LLC now owns 171,467 shares of the investment management company’s stock valued at $2,359,000 after acquiring an additional 55,841 shares in the last quarter. Finally, Virtus ETF Advisers LLC boosted its position in shares of Stellus Capital Investment by 17.4% during the 4th quarter. Virtus ETF Advisers LLC now owns 65,584 shares of the investment management company’s stock valued at $902,000 after acquiring an additional 9,736 shares during the last quarter. 13.22% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have recently commented on SCM shares. Wall Street Zen raised Stellus Capital Investment from a “sell” rating to a “hold” rating in a report on Friday, June 27th. Keefe, Bruyette & Woods cut their price target on shares of Stellus Capital Investment from $13.50 to $13.00 and set a “market perform” rating for the company in a research note on Tuesday, April 8th.

Stellus Capital Investment Stock Up 1.5%

Shares of NYSE:SCM opened at $14.44 on Friday. The firm has a market capitalization of $410.33 million, a PE ratio of 10.03 and a beta of 0.88. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.08 and a current ratio of 0.08. Stellus Capital Investment Corporation has a 52-week low of $11.19 and a 52-week high of $15.56. The firm has a fifty day moving average of $13.47 and a 200 day moving average of $13.82.

Stellus Capital Investment (NYSE:SCM) last posted its quarterly earnings data on Monday, May 12th. The investment management company reported $0.37 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.37. The firm had revenue of $24.95 million during the quarter, compared to analysts’ expectations of $26.76 million. Stellus Capital Investment had a return on equity of 11.93% and a net margin of 36.35%. As a group, research analysts anticipate that Stellus Capital Investment Corporation will post 1.74 EPS for the current fiscal year.

Stellus Capital Investment Announces Dividend

The company also recently announced a — dividend, which will be paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th will be given a $0.1333 dividend. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a yield of 11.1%. Stellus Capital Investment’s payout ratio is 111.11%.

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.