Connor Clark & Lunn Investment Management Ltd. Invests $345,000 in Stellus Capital Investment Co. (NYSE:SCM)

Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of Stellus Capital Investment Co. (NYSE:SCM - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The firm bought 25,052 shares of the investment management company's stock, valued at approximately $345,000. Connor Clark & Lunn Investment Management Ltd. owned 0.09% of Stellus Capital Investment as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. HighTower Advisors LLC purchased a new stake in shares of Stellus Capital Investment during the fourth quarter valued at approximately $251,000. Raymond James Financial Inc. acquired a new position in Stellus Capital Investment in the 4th quarter worth $3,328,000. PFG Investments LLC boosted its position in Stellus Capital Investment by 2.2% in the 4th quarter. PFG Investments LLC now owns 64,339 shares of the investment management company's stock valued at $885,000 after buying an additional 1,385 shares during the last quarter. ORG Partners LLC acquired a new stake in shares of Stellus Capital Investment during the fourth quarter valued at about $29,000. Finally, JPMorgan Chase & Co. increased its position in shares of Stellus Capital Investment by 70.8% during the third quarter. JPMorgan Chase & Co. now owns 14,949 shares of the investment management company's stock worth $205,000 after acquiring an additional 6,197 shares during the last quarter. 13.22% of the stock is owned by institutional investors and hedge funds.

Stellus Capital Investment Stock Down 0.3 %

Shares of SCM stock traded down $0.05 during mid-day trading on Thursday, reaching $14.50. 178,319 shares of the company were exchanged, compared to its average volume of 156,157. The company has a market capitalization of $398.90 million, a P/E ratio of 7.40 and a beta of 1.07. The business's 50 day simple moving average is $14.66 and its 200 day simple moving average is $14.10. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.29 and a current ratio of 0.29. Stellus Capital Investment Co. has a fifty-two week low of $12.92 and a fifty-two week high of $15.56.

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Stellus Capital Investment (NYSE:SCM - Get Free Report) last announced its quarterly earnings data on Tuesday, March 4th. The investment management company reported $0.37 earnings per share for the quarter, missing the consensus estimate of $0.41 by ($0.04). The company had revenue of $25.62 million for the quarter, compared to analyst estimates of $26.60 million. Stellus Capital Investment had a return on equity of 13.49% and a net margin of 45.39%. Research analysts predict that Stellus Capital Investment Co. will post 1.74 earnings per share for the current year.

Stellus Capital Investment Dividend Announcement

The company also recently disclosed a dividend, which was paid on Friday, February 14th. Shareholders of record on Monday, February 3rd were paid a dividend of $0.1333 per share. This represents a yield of 10.88%. The ex-dividend date of this dividend was Friday, January 31st. Stellus Capital Investment's payout ratio is currently 88.89%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded Stellus Capital Investment from a "hold" rating to a "sell" rating in a report on Thursday.

Stellus Capital Investment 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.