Raymond James & Associates reduced its stake in Stellus Capital Investment Co. (NYSE:SCM – Get Rating) by 5.6% in the third quarter, according to a recent disclosure to the Securities and Exchange Commission (SEC). Institutional investors owned 177,071 shares of the investment management company after selling 10,416 shares during the period. Raymond James & Associates owned his 0.91% of his Stellus Capital Investment worth $2,112,000 at the end of the most recent reporting period.
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Other institutional investors and hedge funds have also recently revised their holdings in the company. UBS Group AG held his 261.5% stake in Stellus Capital Investment in the second quarter. UBS Group AG now owns 3,948 shares of the investment management company worth $44,000 after purchasing an additional 2,856 of his shares last quarter. Merit Financial Group LLC purchased new shares in his Stellus Capital Investments worth approximately $111,000 in the second quarter. Envestnet Asset Management Inc. purchased approximately $163,000 worth of new shares in Stellus Capital Investment in the first quarter. Avantax Advisory Services Inc. purchased new shares in Stellus Capital Investment worth approximately $211,000 in the second quarter. Finally, Raymond James Financial Services Advisors Inc. raised his stake in Stellus Capital Investment by 47.5% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 27,279 shares of the investment management company, valued at $379,000, after purchasing an additional 8,784 of his shares during this period. Hedge funds and other institutional investors own 13.75% of the company’s shares.
Stock Performance of Stella Capital Investments
SCM shares opened at $13.69 on Monday. His one-year low is $11.02 and one-year high is $14.20 for Stellus Capital Investment Co. The company has an equity ratio of 1.44, a quick ratio of 0.09 and a current ratio of 0.09. The company has a 50-day moving average price of $13.43 and a 200-day moving average price of $13.17. The company has a market capitalization of $267.58 million, a price/earnings ratio of 12.79 and a beta of 1.20.
Stellus Capital Investment (NYSE:SCM – Get Rating) last reported quarterly results on Thursday, November 3rd. The investment manager reported EPS of $0.35 for the quarter, beating consensus expectations of $0.31 by $0.04. Stellus Capital Investment’s net profit margin was 29.96% and return on equity was 8.80%. The company’s revenue for the quarter was $20.14 million, compared with analyst estimates of $18.59 million. Sell-side analysts expect Stellus Capital Investment Co. to post 1.34 EPS this year.
Stella Capital Investments Announces Dividend
The business also recently announced a monthly dividend payable on Friday, April 14th. Investors of record on Friday, March 31 will receive a dividend of $0.1333 per share. This represents his $1.60 dividend and his 11.68% yield on an annualized basis. The ex-dividend date for this dividend is Thursday, March 30. Stellus Capital Investment has a dividend payout ratio (DPR) of 104.67%.
Wall Street analyst opinion
Several brokerage firms have recently published reports on SCM. StockNews.com upgraded its stock in Stellus Capital Investment from a ‘sold’ rating to a ‘pending’ rating in a research note on Tuesday, November 1. Janney Montgomery Scott began reporting on Stellus Capital Investment shares in a research note on Wednesday, October 5th. They have set a “neutral” rating on the stock.
About Stella Capital Investment
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Stellus Capital Investment Corp. is a business development firm that invests in US companies with EBITDA between $5 million and $50 million. The fund operates in Aerospace/Defense, Business Services, Consumer Goods, Distribution, Education, Energy/Industrial Services, Financial Services, Healthcare, Manufacturing, Media & Entertainment, Restaurants/Retail, Software/Technology, and Telecommunications. It is targeted at companies that
References
Want to know which other hedge funds hold SCM? Visit HoldingsChannel.com to get the latest 13F filings and insider trading from Stellus Capital Investment Co. (NYSE:SCM – Get Rating).
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