Stellus Capital Inv (NYSE:SCM) Insider Robert T. Ladd Acquires 10,000 Shares

Stellus Capital Inv (NYSE:SCM) insider Robert T. Ladd acquired 10,000 shares of the firm’s stock in a transaction dated Friday, March 16th. The shares were purchased at an average price of $11.68 per share, for a total transaction of $116,800.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Robert T. Ladd also recently made the following trade(s):

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  • On Thursday, March 15th, Robert T. Ladd acquired 7,000 shares of Stellus Capital Inv stock. The stock was acquired at an average cost of $11.64 per share, with a total value of $81,480.00.
  • On Monday, March 12th, Robert T. Ladd purchased 7,000 shares of Stellus Capital Inv stock. The shares were purchased at an average cost of $11.90 per share, with a total value of $83,300.00.
  • On Thursday, March 8th, Robert T. Ladd acquired 33,000 shares of Stellus Capital Inv stock. The shares were bought at an average price of $11.63 per share, with a total value of $383,790.00.

Shares of SCM opened at $12.19 on Wednesday. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 0.61. The stock has a market capitalization of $194.06, a P/E ratio of 9.98 and a beta of 0.52. Stellus Capital Inv has a 12-month low of $11.07 and a 12-month high of $14.50.

Stellus Capital Inv (NYSE:SCM) last issued its quarterly earnings results on Tuesday, March 6th. The investment management company reported $0.28 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.31 by ($0.03). Stellus Capital Inv had a return on equity of 8.67% and a net margin of 57.04%. The business had revenue of $9.41 million for the quarter, compared to analyst estimates of $10.58 million. equities research analysts anticipate that Stellus Capital Inv will post 1.32 EPS for the current year.

The firm also recently announced a monthly dividend, which will be paid on Friday, April 13th. Stockholders of record on Thursday, March 29th will be given a dividend of $0.1133 per share. The ex-dividend date of this dividend is Wednesday, March 28th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 11.15%. Stellus Capital Inv’s dividend payout ratio (DPR) is presently 112.40%.

SCM has been the subject of several recent research reports. Zacks Investment Research lowered shares of Stellus Capital Inv from a “hold” rating to a “sell” rating in a report on Friday, March 9th. ValuEngine downgraded shares of Stellus Capital Inv from a “strong-buy” rating to a “buy” rating in a research report on Friday, February 2nd. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $13.00 target price on shares of Stellus Capital Inv in a research note on Tuesday, March 6th.

Several institutional investors and hedge funds have recently made changes to their positions in SCM. Arrowstreet Capital Limited Partnership grew its position in shares of Stellus Capital Inv by 77.6% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 215,896 shares of the investment management company’s stock worth $2,837,000 after acquiring an additional 94,300 shares during the last quarter. Acadian Asset Management LLC grew its position in shares of Stellus Capital Inv by 29.4% during the fourth quarter. Acadian Asset Management LLC now owns 229,102 shares of the investment management company’s stock worth $3,010,000 after acquiring an additional 52,055 shares during the last quarter. LSV Asset Management purchased a new position in shares of Stellus Capital Inv during the fourth quarter worth approximately $592,000. AXA grew its position in shares of Stellus Capital Inv by 253.8% during the fourth quarter. AXA now owns 46,700 shares of the investment management company’s stock worth $614,000 after acquiring an additional 33,500 shares during the last quarter. Finally, Bank of Montreal Can grew its position in shares of Stellus Capital Inv by 16.1% during the fourth quarter. Bank of Montreal Can now owns 209,000 shares of the investment management company’s stock worth $2,746,000 after acquiring an additional 29,000 shares during the last quarter. Institutional investors and hedge funds own 29.11% of the company’s stock.

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Stellus Capital Inv Company 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 seeks to invest in companies with an EBITDA between $5 million and $50 million.

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

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