Stellus Capital Investment (NYSE:SCM) Director Buys $397,582.60 in Stock

Stellus Capital Investment Corporation (NYSE:SCM) Director Bruce Bilger bought 45,490 shares of Stellus Capital Investment stock in a transaction that occurred on Friday, March 13th. The stock was purchased at an average cost of $8.74 per share, with a total value of $397,582.60. Following the completion of the transaction, the director owned 228,055 shares of the company’s stock, valued at $1,993,200.70. This trade represents a 24.92% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Stellus Capital Investment Stock Down 0.3%

SCM opened at $9.53 on Friday. The company has a market capitalization of $275.89 million, a P/E ratio of 10.14 and a beta of 0.68. The company has a debt-to-equity ratio of 1.13, a current ratio of 0.14 and a quick ratio of 0.14. The firm’s fifty day moving average price is $11.35 and its two-hundred day moving average price is $12.25. Stellus Capital Investment Corporation has a fifty-two week low of $8.43 and a fifty-two week high of $15.39.

Stellus Capital Investment (NYSE:SCM) last announced its quarterly earnings data on Wednesday, March 11th. The investment management company reported $0.29 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.02). The business had revenue of $23.98 million during the quarter, compared to analyst estimates of $26.33 million. Stellus Capital Investment had a net margin of 26.48% and a return on equity of 10.28%. On average, analysts anticipate that Stellus Capital Investment Corporation will post 1.74 EPS for the current year.

Stellus Capital Investment Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st will be given a $0.1133 dividend. This represents a c) annualized dividend and a yield of 14.3%. The ex-dividend date of this dividend is Tuesday, March 31st. Stellus Capital Investment’s dividend payout ratio is 144.68%.

Institutional Trading of Stellus Capital Investment

Hedge funds have recently modified their holdings of the company. Sumitomo Mitsui Trust Group Inc. boosted its holdings in shares of Stellus Capital Investment by 65.9% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 156,050 shares of the investment management company’s stock worth $2,038,000 after acquiring an additional 62,002 shares in the last quarter. Inspire Advisors LLC grew its position in Stellus Capital Investment by 155.5% during the 2nd quarter. Inspire Advisors LLC now owns 62,530 shares of the investment management company’s stock worth $872,000 after acquiring an additional 38,059 shares during the last quarter. Sunbelt Securities Inc. increased its holdings in Stellus Capital Investment by 390.7% during the 3rd quarter. Sunbelt Securities Inc. now owns 146,133 shares of the investment management company’s stock valued at $1,909,000 after purchasing an additional 116,352 shares in the last quarter. Corient Private Wealth LLC increased its holdings in Stellus Capital Investment by 19.4% during the 2nd quarter. Corient Private Wealth LLC now owns 253,763 shares of the investment management company’s stock valued at $3,537,000 after purchasing an additional 41,305 shares in the last quarter. Finally, Muzinich & Co. Inc. raised its position in Stellus Capital Investment by 43.7% in the 3rd quarter. Muzinich & Co. Inc. now owns 206,893 shares of the investment management company’s stock valued at $2,702,000 after purchasing an additional 62,888 shares during the last quarter. Institutional investors and hedge funds own 13.22% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on SCM. Keefe, Bruyette & Woods cut their price target on shares of Stellus Capital Investment from $13.00 to $9.00 and set a “market perform” rating for the company in a research note on Monday. Weiss Ratings reissued a “hold (c)” rating on shares of Stellus Capital Investment in a report on Monday, December 29th. Three analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $9.00.

Stellus Capital Investment Company Profile

Stellus Capital Investment Corporation (NYSE: SCM) is a closed-end, externally managed business development company that provides debt and equity financing to middle market companies in the United States. As an investment vehicle specializing in private credit, Stellus focuses on originating and structuring senior secured loans, unitranche facilities, mezzanine debt, and equity co-investments tailored to the unique needs of growing businesses. Its flexible capital solutions are designed to support acquisitions, recapitalizations, growth initiatives, and balance sheet refinancings.

Operating under an evergreen structure, Stellus Capital Investment partners with a diverse group of portfolio companies across industries such as manufacturing, healthcare, business services, and specialty finance.