Connor Clark & Lunn Investment Management Ltd. bought a new stake in Stellus Capital Investment Corp (NYSE:SCM) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 16,950 shares of the investment management company’s stock, valued at approximately $234,000. Connor Clark & Lunn Investment Management Ltd. owned about 0.09% of Stellus Capital Investment as of its most recent SEC filing.
Other institutional investors have also added to or reduced their stakes in the company. TCG Advisors LP bought a new stake in shares of Stellus Capital Investment during the first quarter worth about $35,000. Icon Wealth Partners LLC acquired a new position in Stellus Capital Investment in the first quarter valued at approximately $42,000. NEXT Financial Group Inc acquired a new position in Stellus Capital Investment in the second quarter valued at approximately $41,000. Advantage Investment Management LLC lifted its stake in Stellus Capital Investment by 9.5% in the second quarter. Advantage Investment Management LLC now owns 19,912 shares of the investment management company’s stock valued at $275,000 after buying an additional 1,733 shares during the period. Finally, Algert Global LLC acquired a new position in Stellus Capital Investment in the first quarter valued at approximately $308,000. Hedge funds and other institutional investors own 18.00% of the company’s stock.
Several equities analysts have issued reports on the company. TheStreet raised Stellus Capital Investment from a “c+” rating to a “b” rating in a research note on Wednesday, June 5th. CIBC reaffirmed a “market perform” rating on shares of Stellus Capital Investment in a research report on Monday, August 12th. Zacks Investment Research lowered Stellus Capital Investment from a “hold” rating to a “sell” rating in a research report on Tuesday, September 3rd. Finally, Oppenheimer lowered Stellus Capital Investment from an “outperform” rating to a “market perform” rating in a research report on Monday, August 12th. One equities research analyst has rated the stock with a sell rating and three have issued a hold rating to the company. The company has a consensus rating of “Hold” and an average target price of $15.00.
NYSE SCM traded up $0.08 on Friday, reaching $13.53. The company had a trading volume of 2,600 shares, compared to its average volume of 115,565. The stock has a market capitalization of $256.61 million, a P/E ratio of 9.50 and a beta of 0.69. The company’s fifty day moving average is $13.61 and its 200 day moving average is $14.02. Stellus Capital Investment Corp has a 52-week low of $11.65 and a 52-week high of $15.30. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.72.
Stellus Capital Investment (NYSE:SCM) last released its quarterly earnings results on Friday, August 9th. The investment management company reported $0.29 EPS for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.03). The company had revenue of $14.17 million during the quarter, compared to analysts’ expectations of $14.16 million. Stellus Capital Investment had a net margin of 47.43% and a return on equity of 9.79%. On average, research analysts expect that Stellus Capital Investment Corp will post 1.26 EPS for the current year.
The firm also recently disclosed a dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be paid a $0.113 dividend. The ex-dividend date of this dividend is Friday, September 27th. Stellus Capital Investment’s dividend payout ratio (DPR) is presently 95.77%.
Stellus Capital Investment Company 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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