Stellus Capital Investment (NYSE:SCM) Director Purchases $81,450.00 in Stock

Stellus Capital Investment Corporation (NYSE:SCM) Director J Tim Arnoult purchased 9,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 19th. The stock was acquired at an average price of $9.05 per share, with a total value of $81,450.00. Following the completion of the purchase, the director owned 50,869 shares in the company, valued at $460,364.45. This represents a 21.50% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

J Tim Arnoult also recently made the following trade(s):

• On Tuesday, June 23rd, J Tim Arnoult acquired 700 shares of Stellus Capital Investment stock. The stock was acquired at an average price of $8.29 per share, for a total transaction of $5,803.00.
• On Wednesday, May 13th, J Tim Arnoult acquired 1,000 shares of Stellus Capital Investment stock. The stock was acquired at an average price of $9.27 per share, for a total transaction of $9,270.00.

Stellus Capital Investment Price Performance

Shares of NYSE SCM opened at $8.42 on Friday. The company has a 50 day simple moving average of $9.12 and a two-hundred day simple moving average of $10.53. Stellus Capital Investment Corporation has a fifty-two week low of $7.78 and a fifty-two week high of $15.39. The company has a market capitalization of $243.79 million, a price-to-earnings ratio of 10.27 and a beta of 0.63. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.04 and a current ratio of 0.04.

Stellus Capital Investment (NYSE:SCM) last posted its quarterly earnings results on Monday, May 11th. The investment management company reported $0.27 earnings per share for the quarter, hitting the consensus estimate of $0.27. Stellus Capital Investment had a return on equity of 9.69% and a net margin of 23.59%.The company had revenue of $17.45 million for the quarter, compared to the consensus estimate of $24.80 million. Analysts expect that Stellus Capital Investment Corporation will post 1.06 EPS for the current fiscal year.

Stellus Capital Investment Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th will be issued a dividend of $0.1133 per share. The ex-dividend date is Tuesday, June 30th. This represents a c) annualized dividend and a dividend yield of 16.1%. Stellus Capital Investment’s dividend payout ratio (DPR) is presently 165.85%.

Hedge Funds Weigh In On Stellus Capital Investment

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Geneos Wealth Management Inc. purchased a new stake in shares of Stellus Capital Investment during the 2nd quarter valued at about $25,000. Laurel Wealth Advisors LLC bought a new position in Stellus Capital Investment during the fourth quarter valued at approximately $26,000. JPMorgan Chase & Co. purchased a new stake in Stellus Capital Investment in the third quarter worth approximately $28,000. BNP Paribas Financial Markets purchased a new stake in Stellus Capital Investment in the second quarter worth approximately $60,000. Finally, Kestra Advisory Services LLC bought a new stake in Stellus Capital Investment in the 4th quarter worth approximately $62,000. Institutional investors own 13.22% of the company’s stock.

Analyst Upgrades and Downgrades

SCM has been the topic of a number of analyst reports. LADENBURG THALM/SH SH dropped their price target on shares of Stellus Capital Investment from $12.00 to $11.00 and set a “buy” rating on the stock in a research note on Wednesday, May 13th. Wall Street Zen raised shares of Stellus Capital Investment from a “sell” rating to a “hold” rating in a report on Saturday, May 16th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Stellus Capital Investment in a report on Friday, June 12th. Zacks Research raised shares of Stellus Capital Investment from a “strong sell” rating to a “hold” rating in a research report on Friday, May 15th. Finally, Keefe, Bruyette & Woods decreased their price objective on shares of Stellus Capital Investment from $13.00 to $9.00 and set a “market perform” rating for the company in a report on Monday, March 16th. One research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $10.00.

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.