Stellus Capital Inv (NYSE:SCM) Director Dean D’angelo acquired 5,000 shares of the firm’s stock in a transaction dated Thursday, March 15th. The stock was bought at an average price of $11.62 per share, with a total value of $58,100.00. Following the completion of the acquisition, the director now directly owns 138,620 shares of the company’s stock, valued at $1,610,764.40. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.
Shares of SCM traded up $0.09 during mid-day trading on Wednesday, hitting $12.28. 11,614 shares of the company’s stock were exchanged, compared to its average volume of 91,517. Stellus Capital Inv has a twelve month low of $11.07 and a twelve month high of $14.50. 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 firm has a market cap of $194.06, a price-to-earnings ratio of 10.07 and a beta of 0.52.
Stellus Capital Inv (NYSE:SCM) last posted its earnings results on Tuesday, March 6th. The investment management company reported $0.28 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.03). The firm had revenue of $9.41 million during the quarter, compared to analyst estimates of $10.58 million. Stellus Capital Inv had a net margin of 57.04% and a return on equity of 8.67%. research analysts predict that Stellus Capital Inv will post 1.32 earnings per share for the current fiscal year.
The business also recently declared a monthly dividend, which will be paid on Friday, April 13th. Shareholders of record on Thursday, March 29th will be given a $0.1133 dividend. The ex-dividend date is Wednesday, March 28th. This represents a $1.36 annualized dividend and a yield of 11.07%. Stellus Capital Inv’s dividend payout ratio is 112.40%.
Several analysts recently commented on SCM shares. ValuEngine raised shares of Stellus Capital Inv from a “buy” rating to a “strong-buy” rating in a research note on Friday, December 15th. Zacks Investment Research downgraded shares of Stellus Capital Inv from a “hold” rating to a “sell” rating in a research report on Thursday, January 11th. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $13.00 target price on shares of Stellus Capital Inv in a research report on Tuesday, March 6th.
Large investors have recently added to or reduced their stakes in the company. Susquehanna International Group LLP bought a new position in shares of Stellus Capital Inv during the 3rd quarter worth about $164,000. Macquarie Group Ltd. bought a new position in Stellus Capital Inv during the 3rd quarter valued at about $188,000. Janney Montgomery Scott LLC lifted its holdings in Stellus Capital Inv by 26.2% during the 3rd quarter. Janney Montgomery Scott LLC now owns 21,165 shares of the investment management company’s stock valued at $289,000 after purchasing an additional 4,389 shares during the last quarter. OxFORD Asset Management LLP lifted its holdings in Stellus Capital Inv by 18.8% during the 3rd quarter. OxFORD Asset Management LLP now owns 36,956 shares of the investment management company’s stock valued at $504,000 after purchasing an additional 5,840 shares during the last quarter. Finally, Ladenburg Thalmann Financial Services Inc. increased its position in Stellus Capital Inv by 33.7% in the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 41,275 shares of the investment management company’s stock valued at $564,000 after acquiring an additional 10,399 shares in the last quarter. 29.11% of the stock is owned by institutional investors.
About Stellus Capital Inv
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.
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