Stellus Capital Investment Co. (NYSE:SCM) Sees Significant Short-Term Interest Growth
Stellus Capital Investment Co. (NYSE: SCM – Get a rating) benefited from significant growth in short-term interest rates in July. As of July 15, there were short interests totaling 89,700 shares, up 33.3% from the total of 67,300 shares as of June 30. Currently, 0.5% of the company’s shares are sold short. Based on an average trading volume of 66,600 shares, the short interest ratio is currently 1.3 days.
Insider Buying and Selling at Stellus Capital Investment
In other news, Director dean of angelo purchased 2,500 shares of Stellus Capital Investment in a trade dated Thursday, June 16. The shares were purchased at an average price of $11.38 per share, for a total transaction of $28,450.00. As a result of the purchase, the administrator now directly owns 196,682 shares of the company, valued at approximately $2,238,241.16. The transaction was disclosed in a legal filing with the SEC, accessible via this link. Separately, CEO Robert T. Ladd purchased 8,834 shares of the company in a trade dated Wednesday, May 18. The stock was purchased at an average price of $12.86 per share, for a total transaction of $113,605.24. As a result of the purchase, the CEO now owns 626,581 shares of the company, valued at $8,057,831.66. The acquisition was disclosed in a filing with the Securities & Exchange Commission, accessible via the SEC website. Also, director dean of angelo purchased 2,500 shares of the company in a trade dated Thursday, June 16. The shares were purchased at an average price of $11.38 per share, with a total value of $28,450.00. As a result of the purchase, the administrator now directly owns 196,682 shares of the company, valued at approximately $2,238,241.16. Disclosure of this purchase can be found here. During the last quarter, insiders purchased 18,334 shares of the company valued at $223,515. Insiders of the company hold 5.30% of the shares of the company.
Institutional entries and exits
Several large investors have recently bought and sold shares of SCM. Farmer Steven Patrick bought a new position in Stellus Capital Investment in Q2 worth around $2,368,000. Cliffwater LLC increased its stake in Stellus Capital Investment by 2.3% in the 1st quarter. Cliffwater LLC now owns 219,388 shares of the investment management company worth $3,047,000 after acquiring an additional 5,036 shares in the last quarter. Acadian Asset Management LLC increased its equity stake in Stellus Capital Investment by 69.0% in Q1. Acadian Asset Management LLC now owns 97,995 shares of the investment management firm worth $1,359,000 after purchasing an additional 40,002 shares in the last quarter. Raymond James Financial Services Advisors Inc. increased its equity stake in Stellus Capital Investment by 47.5% in Q1. Raymond James Financial Services Advisors Inc. now owns 27,279 shares of the investment management company worth $379,000 after buying 8,784 additional shares in the last quarter. Finally, Buckingham Strategic Partners bought a new equity position from Stellus Capital Investment in Q1 worth $275,000. 16.41% of the shares are held by institutional investors.
Performance of Stellus Capital Investment shares
Shares of NYSE:SCM traded down $0.08 during Monday’s trading, hitting $13.30. 32 shares of the company were traded, against an average volume of 66,425. The company has a debt ratio of 1.27, a current ratio of 0.14 and a quick ratio of 0.14. Stellus Capital Investment has a 52 week low of $11.02 and a 52 week high of $14.74. The company has a market capitalization of $259.96 million, a PE ratio of 7.65 and a beta of 1.23. The stock has a 50-day moving average of $12.22 and a 200-day moving average of $13.13.
Stellus Capital Investments (NYSE: SCM – Get a rating) last reported results on Wednesday, May 11. The investment management firm reported EPS of $0.29 for the quarter, missing the consensus estimate of $0.31 per ($0.02). Stellus Capital Investment achieved a return on equity of 8.61% and a net margin of 51.94%. The company posted revenue of $15.49 million in the quarter, versus a consensus estimate of $16.73 million. In the same quarter of the previous year, the company had achieved EPS of $0.28. As a group, equity research analysts expect Stellus Capital Investment to post EPS of 1.18 for the current year.
Stellus Capital Investment announces dividend
The company also recently declared a monthly dividend, which will be paid on Friday, October 14. Shareholders of record on Friday, September 30 will receive a dividend of $0.1133. This represents an annualized dividend of $1.36 and a yield of 10.22%. The ex-date of this dividend is Thursday, September 29. Stellus Capital Investment’s payout ratio is 64.00%.
About Stellus Capital Investment
Stellus Capital Investment Corporation is a business development firm specializing in investing in middle market private companies. It invests through senior, second-tier, unitranche and mezzanine debt, often with a matching equity investment. The fund prefers to invest in the United States and Canada.
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