Sumitomo Mitsui Asset Management Company LTD raised its stake in shares of Stellus Capital Investment Corp (NYSE:SCM) by 47.0% in the first quarter, according to its most recent 13F filing with the SEC. The fund owned 48,103 shares of the investment management company’s stock after purchasing an additional 15,375 shares during the period. Sumitomo Mitsui Asset Management Company LTD’s holdings in Stellus Capital Investment were worth $680,000 as of its most recent SEC filing.
Other hedge funds also recently added to or reduced their stakes in the company. Janney Montgomery Scott LLC purchased a new position in shares of Stellus Capital Investment during the 4th quarter valued at $148,000. Raymond James & Associates grew its position in shares of Stellus Capital Investment by 22.4% during the 4th quarter. Raymond James & Associates now owns 96,878 shares of the investment management company’s stock valued at $1,255,000 after purchasing an additional 17,726 shares in the last quarter. Two Sigma Investments LP grew its position in shares of Stellus Capital Investment by 27.7% during the 4th quarter. Two Sigma Investments LP now owns 26,334 shares of the investment management company’s stock valued at $341,000 after purchasing an additional 5,708 shares in the last quarter. Oppenheimer & Co. Inc. grew its position in shares of Stellus Capital Investment by 5.1% during the 1st quarter. Oppenheimer & Co. Inc. now owns 40,804 shares of the investment management company’s stock valued at $577,000 after purchasing an additional 1,977 shares in the last quarter. Finally, Algert Global LLC purchased a new position in shares of Stellus Capital Investment during the 1st quarter valued at $308,000. Institutional investors and hedge funds own 16.77% of the company’s stock.
NYSE:SCM traded down $0.05 during midday trading on Thursday, hitting $14.16. The company had a trading volume of 218 shares, compared to its average volume of 115,823. Stellus Capital Investment Corp has a 52-week low of $11.65 and a 52-week high of $15.30. The firm has a market capitalization of $268.71 million, a PE ratio of 9.97 and a beta of 0.76. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.36 and a current ratio of 0.36.
The firm also recently declared a monthly dividend, which was paid on Wednesday, May 15th. Shareholders of record on Tuesday, April 30th were given a dividend of $0.1133 per share. The ex-dividend date was Friday, April 26th. This represents a $1.36 annualized dividend and a yield of 9.60%. Stellus Capital Investment’s payout ratio is 95.77%.
Separately, Zacks Investment Research lowered shares of Stellus Capital Investment from a “hold” rating to a “sell” rating in a research report on Tuesday, May 14th.
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 seeks to invest in companies with an EBITDA between $5 million and $50 million.
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