Russell Investments Group Ltd. bought a new position in shares of Stellus Capital Investment Corporation (NYSE:SCM) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm bought 47,422 shares of the investment management company’s stock, valued at approximately $650,000.

A number of other large investors have also recently added to or reduced their stakes in SCM. Waldron LP bought a new position in Stellus Capital Investment Corporation during the 1st quarter worth approximately $218,000. Janney Montgomery Scott LLC lifted its holdings in Stellus Capital Investment Corporation by 6.7% during the 1st quarter. Janney Montgomery Scott LLC now owns 15,842 shares of the investment management company’s stock worth $231,000 after buying an additional 988 shares during the last quarter. Wells Fargo & Company MN lifted its holdings in Stellus Capital Investment Corporation by 15,872.9% during the 1st quarter. Wells Fargo & Company MN now owns 70,760 shares of the investment management company’s stock worth $1,030,000 after buying an additional 70,317 shares during the last quarter. Muzinich & Co. Inc. lifted its holdings in Stellus Capital Investment Corporation by 133.4% during the 1st quarter. Muzinich & Co. Inc. now owns 571,723 shares of the investment management company’s stock worth $8,319,000 after buying an additional 326,773 shares during the last quarter. Finally, MARSHALL WACE ASIA Ltd bought a new position in Stellus Capital Investment Corporation during the 1st quarter worth approximately $263,000. 26.45% of the stock is currently owned by institutional investors.

In related news, insider Robert T. Ladd acquired 14,000 shares of the firm’s stock in a transaction on Monday, September 11th. The shares were bought at an average cost of $13.33 per share, with a total value of $186,620.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Dean D’angelo acquired 5,000 shares of the firm’s stock in a transaction on Thursday, September 14th. The shares were bought at an average cost of $13.49 per share, for a total transaction of $67,450.00. The disclosure for this purchase can be found here. Over the last three months, insiders have purchased 27,900 shares of company stock worth $371,893. 4.20% of the stock is owned by company insiders.

Shares of Stellus Capital Investment Corporation (NYSE SCM) traded up 0.51% during mid-day trading on Monday, hitting $13.67. The stock had a trading volume of 49,686 shares. Stellus Capital Investment Corporation has a one year low of $10.22 and a one year high of $14.82. The firm has a 50 day moving average of $13.55 and a 200 day moving average of $13.86.

Stellus Capital Investment Corporation (NYSE:SCM) last released its earnings results on Thursday, August 3rd. The investment management company reported $0.32 earnings per share for the quarter, topping analysts’ consensus estimates of $0.31 by $0.01. Stellus Capital Investment Corporation had a return on equity of 10.06% and a net margin of 68.17%. The business had revenue of $10.39 million for the quarter, compared to the consensus estimate of $9.99 million. On average, equities analysts predict that Stellus Capital Investment Corporation will post $1.29 earnings per share for the current fiscal year.

The company also recently announced a monthly dividend, which was paid on Friday, September 15th. Investors of record on Thursday, August 31st were given a dividend of $0.1133 per share. This represents a $1.36 dividend on an annualized basis and a yield of 10.00%. The ex-dividend date of this dividend was Tuesday, August 29th. Stellus Capital Investment Corporation’s dividend payout ratio (DPR) is presently 64.15%.

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SCM has been the topic of a number of research analyst reports. Zacks Investment Research raised Stellus Capital Investment Corporation from a “sell” rating to a “hold” rating in a report on Thursday, August 10th. ValuEngine raised Stellus Capital Investment Corporation from a “buy” rating to a “strong-buy” rating in a report on Friday, June 2nd. Finally, Keefe, Bruyette & Woods set a $15.00 target price on Stellus Capital Investment Corporation and gave the stock a “hold” rating in a report on Wednesday, May 31st. Two analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Stellus Capital Investment Corporation has a consensus rating of “Buy” and an average price target of $14.00.

Stellus Capital Investment Corporation Profile

Stellus Capital Investment Corporation is a closed-end, non-diversified management investment company. The Company originates and invests primarily in private middle-market companies through first lien, second lien, unitranche and mezzanine debt financing, with corresponding equity co-investments. The Company’s investment objective is to maximize the total return to its stockholders in the form of current income and capital appreciation.

Institutional Ownership by Quarter for Stellus Capital Investment Corporation (NYSE:SCM)

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