Stellus Capital Investment Co. (NYSE:SCM) Shares Sold by Sunbelt Securities Inc.

Sunbelt Securities Inc. cut its stake in Stellus Capital Investment Co. (NYSE:SCM) by 8.7% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 34,215 shares of the investment management company’s stock after selling 3,266 shares during the period. Sunbelt Securities Inc. owned 0.13% of Stellus Capital Investment worth $470,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of SCM. PSI Advisors LLC lifted its holdings in shares of 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 period. Chilton Capital Management LLC boosted its holdings in shares of Stellus Capital Investment by 15.2% in the 2nd quarter. Chilton Capital Management LLC now owns 7,600 shares of the investment management company’s stock valued at $104,000 after acquiring an additional 1,000 shares during the last quarter. Virtu Financial LLC acquired a new stake in shares of Stellus Capital Investment in the first quarter worth $143,000. Edge Financial Advisors LLC acquired a new stake in shares of Stellus Capital Investment in the first quarter worth $160,000. Finally, Concurrent Investment Advisors LLC purchased a new position in shares of Stellus Capital Investment during the second quarter worth $211,000. Hedge funds and other institutional investors own 13.22% of the company’s stock.

Stellus Capital Investment Stock Performance

NYSE SCM opened at $13.60 on Wednesday. The stock has a 50-day simple moving average of $13.79 and a two-hundred day simple moving average of $13.78. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.26 and a current ratio of 0.26. The firm has a market capitalization of $353.33 million, a P/E ratio of 12.59 and a beta of 1.15. Stellus Capital Investment Co. has a fifty-two week low of $12.19 and a fifty-two week high of $14.68.

Stellus Capital Investment (NYSE:SCM) last posted its earnings results on Wednesday, August 7th. The investment management company reported $0.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.44 by $0.06. Stellus Capital Investment had a net margin of 28.55% and a return on equity of 14.15%. The business had revenue of $26.63 million for the quarter, compared to analyst estimates of $26.41 million. On average, equities analysts forecast that Stellus Capital Investment Co. will post 1.84 earnings per share for the current year.

Stellus Capital Investment Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be paid a dividend of $0.1333 per share. This represents a $1.60 annualized dividend and a dividend yield of 11.76%. The ex-dividend date is Monday, September 30th. Stellus Capital Investment’s payout ratio is 148.15%.

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 prefers to invest in US and Canada.