Freestone Capital Holdings LLC grew its holdings in Stellus Capital Investment Corp (NYSE:SCM) by 37.2% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 318,254 shares of the investment management company’s stock after buying an additional 86,252 shares during the quarter. Freestone Capital Holdings LLC owned 2.00% of Stellus Capital Investment worth $3,663,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently modified their holdings of the company. LPL Financial LLC acquired a new position in Stellus Capital Investment during the 1st quarter worth about $138,000. Oppenheimer & Co. Inc. lifted its stake in Stellus Capital Investment by 29.1% during the 1st quarter. Oppenheimer & Co. Inc. now owns 38,563 shares of the investment management company’s stock worth $444,000 after acquiring an additional 8,685 shares in the last quarter. LSV Asset Management acquired a new position in Stellus Capital Investment during the 4th quarter worth about $592,000. AXA lifted its stake in Stellus Capital Investment by 253.8% during the 4th quarter. AXA now owns 46,700 shares of the investment management company’s stock worth $614,000 after acquiring an additional 33,500 shares in the last quarter. Finally, Two Sigma Investments LP lifted its stake in Stellus Capital Investment by 18.4% during the 4th quarter. Two Sigma Investments LP now owns 70,220 shares of the investment management company’s stock worth $923,000 after acquiring an additional 10,922 shares in the last quarter. Hedge funds and other institutional investors own 25.36% of the company’s stock.
In other news, insider Robert T. Ladd purchased 15,000 shares of the company’s stock in a transaction that occurred on Friday, June 1st. The shares were purchased at an average price of $12.75 per share, for a total transaction of $191,250.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders have purchased a total of 28,000 shares of company stock worth $357,010 in the last 90 days. 5.40% of the stock is currently owned by company insiders.
Shares of Stellus Capital Investment traded up $0.27, reaching $13.43, during mid-day trading on Friday, according to Marketbeat. The company’s stock had a trading volume of 695 shares, compared to its average volume of 104,059. Stellus Capital Investment Corp has a 12-month low of $11.07 and a 12-month high of $14.29. The company has a market cap of $210.91 million, a P/E ratio of 11.01 and a beta of 0.51. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.42 and a current ratio of 0.42.
Stellus Capital Investment (NYSE:SCM) last released its quarterly earnings data on Tuesday, May 8th. The investment management company reported $0.28 EPS for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.03). The business had revenue of $10.91 million during the quarter, compared to analysts’ expectations of $10.68 million. Stellus Capital Investment had a net margin of 58.81% and a return on equity of 8.33%. analysts predict that Stellus Capital Investment Corp will post 1.27 earnings per share for the current fiscal year.
The company also recently declared a monthly dividend, which was paid on Friday, June 15th. Investors of record on Thursday, May 31st were paid a dividend of $0.1133 per share. The ex-dividend date was Wednesday, May 30th. This represents a $1.36 dividend on an annualized basis and a yield of 10.12%. Stellus Capital Investment’s dividend payout ratio is presently 112.40%.
Several equities analysts recently issued reports on the company. ValuEngine lowered Stellus Capital Investment from a “buy” rating to a “hold” rating in a research note on Wednesday, May 2nd. Zacks Investment Research upgraded Stellus Capital Investment from a “sell” rating to a “hold” rating in a report on Wednesday, May 9th. Finally, Keefe, Bruyette & Woods restated a “hold” rating and set a $13.00 price target on shares of Stellus Capital Investment in a report on Tuesday, March 6th.
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 seeks to invest in companies with an EBITDA between $5 million and $50 million.
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