Stellus Capital Investment (NYSE:SCM) Stock Passes Above Two Hundred Day Moving Average – Here’s Why

Shares of Stellus Capital Investment Co. (NYSE:SCM) passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $13.88 and traded as high as $14.34. Stellus Capital Investment shares last traded at $14.26, with a volume of 136,257 shares trading hands.

Stellus Capital Investment Trading Down 0.1 %

The company has a current ratio of 0.26, a quick ratio of 0.26 and a debt-to-equity ratio of 1.21. The business has a 50 day moving average of $13.79 and a 200-day moving average of $13.88. The stock has a market cap of $370.47 million, a PE ratio of 11.32 and a beta of 1.15.

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

Stellus Capital Investment Increases Dividend

The firm also recently declared a monthly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be paid a dividend of $0.1333 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 11.22%. The ex-dividend date is Tuesday, December 31st. This is a positive change from Stellus Capital Investment’s previous monthly dividend of $0.13. Stellus Capital Investment’s dividend payout ratio is currently 126.99%.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. CANADA LIFE ASSURANCE Co lifted its stake in shares of Stellus Capital Investment by 4.2% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 20,395 shares of the investment management company’s stock worth $267,000 after purchasing an additional 827 shares during the period. Chilton Capital Management LLC lifted its stake in shares of Stellus Capital Investment by 15.2% during the 2nd quarter. Chilton Capital Management LLC now owns 7,600 shares of the investment management company’s stock worth $104,000 after purchasing an additional 1,000 shares during the period. PSI Advisors LLC raised its position in shares of Stellus Capital Investment by 91.7% in the 2nd quarter. PSI Advisors LLC now owns 2,300 shares of the investment management company’s stock worth $32,000 after buying an additional 1,100 shares during the period. Cliffwater LLC raised its position in shares of Stellus Capital Investment by 2.9% in the 1st quarter. Cliffwater LLC now owns 99,960 shares of the investment management company’s stock worth $1,295,000 after buying an additional 2,771 shares during the period. Finally, Raymond James & Associates raised its position in shares of Stellus Capital Investment by 2.2% in the 3rd quarter. Raymond James & Associates now owns 228,375 shares of the investment management company’s stock worth $3,126,000 after buying an additional 4,859 shares during the period. Hedge funds and other institutional investors own 13.22% of the company’s stock.

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.