Stellus Capital Investment Co. (NYSE:SCM) Shares Acquired by Corient Private Wealth LLC

Corient Private Wealth LLC increased its stake in shares of Stellus Capital Investment Co. (NYSE:SCM - Free Report) by 48.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 171,467 shares of the investment management company's stock after purchasing an additional 55,841 shares during the quarter. Corient Private Wealth LLC owned approximately 0.63% of Stellus Capital Investment worth $2,359,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the stock. PFG Investments LLC boosted its stake in Stellus Capital Investment by 2.2% in the fourth quarter. PFG Investments LLC now owns 64,339 shares of the investment management company's stock valued at $885,000 after acquiring an additional 1,385 shares in the last quarter. ORG Partners LLC purchased a new stake in shares of Stellus Capital Investment during the 4th quarter valued at $29,000. JPMorgan Chase & Co. boosted its position in shares of Stellus Capital Investment by 70.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 14,949 shares of the investment management company's stock worth $205,000 after purchasing an additional 6,197 shares in the last quarter. Paloma Partners Management Co purchased a new position in Stellus Capital Investment during the 3rd quarter worth $226,000. Finally, HighTower Advisors LLC acquired a new position in Stellus Capital Investment during the 4th quarter valued at about $251,000. Institutional investors own 13.22% of the company's stock.

Analysts Set New Price Targets

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

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Stellus Capital Investment Stock Performance

NYSE:SCM traded down $0.05 during midday trading on Thursday, hitting $14.50. The company's stock had a trading volume of 178,319 shares, compared to its average volume of 156,158. Stellus Capital Investment Co. has a fifty-two week low of $12.92 and a fifty-two week high of $15.56. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.29 and a quick ratio of 0.29. The firm has a market cap of $398.90 million, a P/E ratio of 7.40 and a beta of 1.07. The firm's 50 day moving average is $14.66 and its 200-day moving average is $14.10.

Stellus Capital Investment (NYSE:SCM - Get Free Report) last released its quarterly earnings data on Tuesday, March 4th. The investment management company reported $0.37 earnings per share for the quarter, missing analysts' consensus estimates of $0.41 by ($0.04). The business had revenue of $25.62 million during 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%. Equities analysts anticipate that Stellus Capital Investment Co. will post 1.74 earnings per share for the current fiscal year.

Stellus Capital Investment Dividend Announcement

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

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.