Advisors Asset Management Inc. Trims Holdings in Stellus Capital Investment Co. (NYSE:SCM)

Advisors Asset Management Inc. reduced its holdings in shares of Stellus Capital Investment Co. (NYSE:SCM) by 3.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 133,092 shares of the investment management company’s stock after selling 4,525 shares during the period. Advisors Asset Management Inc.’s holdings in Stellus Capital Investment were worth $1,822,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of SCM. Prime Capital Investment Advisors LLC purchased a new position in shares of Stellus Capital Investment during the third quarter valued at approximately $223,000. Concurrent Investment Advisors LLC raised its stake in Stellus Capital Investment by 17.6% during the third quarter. Concurrent Investment Advisors LLC now owns 18,096 shares of the investment management company’s stock valued at $248,000 after buying an additional 2,704 shares during the last quarter. Farther Finance Advisors LLC boosted its holdings in Stellus Capital Investment by 27.9% in the third quarter. Farther Finance Advisors LLC now owns 13,106 shares of the investment management company’s stock worth $179,000 after acquiring an additional 2,862 shares in the last quarter. PFG Investments LLC boosted its holdings in Stellus Capital Investment by 1.3% in the third quarter. PFG Investments LLC now owns 62,954 shares of the investment management company’s stock worth $862,000 after acquiring an additional 792 shares in the last quarter. Finally, Raymond James & Associates increased its holdings in shares of Stellus Capital Investment by 2.2% during the third quarter. Raymond James & Associates now owns 228,375 shares of the investment management company’s stock valued at $3,126,000 after acquiring an additional 4,859 shares in the last quarter. Institutional investors own 13.22% of the company’s stock.

Stellus Capital Investment Price Performance

SCM opened at $13.81 on Monday. Stellus Capital Investment Co. has a 1 year low of $12.48 and a 1 year high of $14.68. The stock has a 50-day moving average price of $13.89 and a 200-day moving average price of $13.89. The firm has a market cap of $373.70 million, a PE ratio of 7.05 and a beta of 1.15. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.29 and a quick ratio of 0.29.

Stellus Capital Investment Dividend Announcement

The company also recently announced a dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, November 1st were paid a $0.1333 dividend. The ex-dividend date of this dividend was Thursday, October 31st. This represents a dividend yield of 11.3%. Stellus Capital Investment’s dividend payout ratio is presently 81.63%.

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.