The CEO of Stellus Capital Investment Co. (NYSE: SCM – Get Rating) Robert T. Lad bought 6,000 shares of Stellus Capital Investment in a deal on Thursday, June 16th. The shares were acquired at an average price of $ 11.44 per share, for a total transaction of $ 68,640.00. Following the completion of the transaction, the CEO now owns 632,592 shares of the company’s stock worth $ 7,236,852.48. The acquisition was disclosed in SEC documentation, which is accessible through this hyperlink.
Shares of SCM traded down $ 0.02 during trading in the middle of the day on Tuesday, reaching $ 11.31. 64,491 shares of shares were traded at an average volume of 69,650. The company has a market capitalization of $ 221.07 million, a price / earnings ratio of 6.46 and a beta of 1.16. The stock has a 50-day simple moving average of $ 13.01 and a 200-day simple moving average of $ 13.33. Stellus Capital Investment Co. has a 12-month low of $ 11.02 and a 12-month high of $ 14.74. The company has a fast ratio of 0.14, a current ratio of 0.14 and a debt-to-equity ratio of 1.27.
Stellus Capital Investment (NYSE: SCM – Get Rating) last released its quarterly earnings data on Wednesday, May 11th. The investment management company reported $ 0.29 earnings per share (EPS) for the quarter, lacking analysts’ consensus estimates of $ 0.31 s ($ 0.02). The company had revenue of $ 15.49 million for the quarter, compared to analysts’ expectations of $ 16.73 million. Stellus Capital Investment had a net margin of 51.94% and a return on equity of 8.61%. In the same quarter of the previous year, the business earned $ 0.28 EPS. On average, stock research analysts expect Stellus Capital Investment Co. will report 1.18 earnings per share for the current fiscal year.
The company also recently unveiled a monthly dividend that will be paid on Friday, July 15. The record shareholders on Thursday, June 30, will receive a dividend of $ 0.0933 per share. The date of the former dividend is Wednesday, June 29. This represents a $ 1.12 dividend on an annual basis and a dividend yield of 9.90%. The dividend payout ratio of Stellus Capital Investment is currently 64.00%.
Several institutional investors and hedge funds recently bought and sold SCM shares. Wells Fargo & Company MN increased its stake in Stellus Capital Investment by 23.9% in the fourth quarter. Wells Fargo & Company MN already owns 9,915 shares of the $ 129,000 investment management company after buying an additional 1,915 shares in the last quarter. Envestnet Asset Management Inc. bought a new stake in Stellus Capital Investment in the first quarter worth $ 163,000. LPL Financial LLC increased its stake in Stellus Capital Investment by 7.1% in the fourth quarter. LPL Financial LLC now owns 12,600 shares of the $ 164,000 investment management company after buying an additional 831 shares in the last quarter. Eagle Global Advisors LLC increased its stake in Stellus Capital Investment by 68.5% in the fourth quarter. Eagle Global Advisors LLC already owns 18,550 shares of the $ 242,000 investment management company after buying an additional 7,540 shares in the last quarter. Finally, Buckingham Strategic Partners bought a new stake in Stellus Capital Investment in the first quarter worth $ 275,000. Institutional investors own 16.41% of the company’s shares.
A number of brokerage firms weighed on SCM. Hovde Group downgraded Stellus Capital Investment from a “superior” rating to a “market performance” rating in a research report Wednesday, March 23. StockNews.com began covering shares of Stellus Capital Investment in a research report on Thursday, March 31st. They set a “hold” rating on the shares.
About Stellus Capital Investment (Get an estimate)
Stellus Capital Investment Corporation is a business development company specializing in investments in private companies in the middle market. He invests through first collateral, second lien, internal and mezzanine debt financing, often with the corresponding investment in equity. The fund prefers to invest in the United States and Canada.
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