Stellus Capital Investment Co. (NYSE:SCM) Short Interest Down 42.6% in August

Stellus Capital Investment Co. (NYSE:SCM) was the target of a significant decline in short interest during the month of August. As of August 31st, there was short interest totalling 125,400 shares, a decline of 42.6% from the August 15th total of 218,500 shares. Based on an average daily trading volume, of 135,300 shares, the short-interest ratio is presently 0.9 days.

Stellus Capital Investment Stock Down 0.7 %

Shares of NYSE SCM opened at $13.39 on Friday. The stock has a market cap of $323.05 million, a P/E ratio of 12.40 and a beta of 1.15. The firm has a 50 day moving average price of $13.89 and a 200 day moving average price of $13.70. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.26 and a current ratio of 0.26. Stellus Capital Investment has a 52-week low of $12.19 and a 52-week high of $14.68.

Stellus Capital Investment (NYSE:SCM) last released its quarterly earnings results on Wednesday, August 7th. The investment management company reported $0.50 earnings per share for the quarter, beating the consensus estimate of $0.44 by $0.06. The company had revenue of $26.63 million during the quarter, compared to analysts’ expectations of $26.41 million. Stellus Capital Investment had a net margin of 28.55% and a return on equity of 14.15%. Analysts expect that Stellus Capital Investment will post 1.85 EPS for the current year.

Stellus Capital Investment Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be issued a $0.1333 dividend. This represents a $1.60 annualized dividend and a dividend yield of 11.95%. The ex-dividend date of this dividend is Monday, September 30th. Stellus Capital Investment’s dividend payout ratio (DPR) is presently 148.15%.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. PSI Advisors LLC boosted its holdings in Stellus Capital Investment by 91.7% during the second quarter. PSI Advisors LLC now owns 2,300 shares of the investment management company’s stock worth $32,000 after purchasing an additional 1,100 shares during the last quarter. Chilton Capital Management LLC raised its position in Stellus Capital Investment by 15.2% during the second quarter. Chilton Capital Management LLC now owns 7,600 shares of the investment management company’s stock worth $104,000 after acquiring an additional 1,000 shares in the last quarter. Virtu Financial LLC bought a new stake in Stellus Capital Investment during the first quarter worth $143,000. Edge Financial Advisors LLC bought a new stake in Stellus Capital Investment during the first quarter worth $160,000. Finally, Concurrent Investment Advisors LLC bought a new stake in Stellus Capital Investment during the second quarter worth $211,000. Institutional investors and hedge funds own 13.22% of the company’s stock.

About Stellus Capital Investment

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 prefers to invest in US and Canada.