Stellus Capital Investment Co. (NYSE:SCM - Free Report) - Analysts at B. Riley lowered their FY2024 earnings per share estimates for shares of Stellus Capital Investment in a note issued to investors on Monday, November 11th. B. Riley analyst B. Rowe now forecasts that the investment management company will post earnings of $1.79 per share for the year, down from their prior forecast of $1.89. The consensus estimate for Stellus Capital Investment's current full-year earnings is $1.79 per share.
Stellus Capital Investment Price Performance
Shares of SCM traded up $0.02 during trading hours on Thursday, reaching $13.80. 83,602 shares of the company's stock traded hands, compared to its average volume of 139,766. The stock has a market cap of $373.40 million, a PE ratio of 7.06 and a beta of 1.15. The company has a current ratio of 0.29, a quick ratio of 0.26 and a debt-to-equity ratio of 1.15. The firm's 50 day simple moving average is $13.85 and its 200-day simple moving average is $13.90. Stellus Capital Investment has a 12 month low of $12.48 and a 12 month high of $14.68.
Institutional Trading of Stellus Capital Investment
A number of large investors have recently modified their holdings of SCM. PSI Advisors LLC lifted its position in 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 last quarter. Chilton Capital Management LLC lifted its position in 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 worth $104,000 after buying an additional 1,000 shares during the last quarter. Virtu Financial LLC bought a new stake in Stellus Capital Investment in the 1st quarter worth approximately $143,000. Farther Finance Advisors LLC lifted its position in Stellus Capital Investment by 27.9% in the 3rd quarter. Farther Finance Advisors LLC now owns 13,106 shares of the investment management company's stock worth $179,000 after buying an additional 2,862 shares during the last quarter. Finally, Concurrent Investment Advisors LLC bought a new stake in Stellus Capital Investment in the 2nd quarter worth approximately $211,000. Institutional investors own 13.22% of the company's stock.
Stellus Capital Investment Announces Dividend
The firm also recently declared a dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, November 1st will be given a dividend of $0.1333 per share. The ex-dividend date of this dividend is Thursday, October 31st. This represents a dividend yield of 11.3%. Stellus Capital Investment's dividend payout ratio (DPR) is presently 81.63%.
About Stellus Capital Investment
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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.
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