Stellus Capital Investment Co. (NYSE:SCM) Shares Sold by Icon Wealth Advisors LLC

Icon Wealth Advisors LLC trimmed its holdings in Stellus Capital Investment Co. (NYSE:SCM - Free Report) by 97.0% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 3,973 shares of the investment management company's stock after selling 127,484 shares during the period. Icon Wealth Advisors LLC's holdings in Stellus Capital Investment were worth $54,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. PFG Investments LLC boosted its holdings in shares of 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 valued at $862,000 after acquiring an additional 792 shares in the last quarter. CANADA LIFE ASSURANCE Co grew its stake in shares of Stellus Capital Investment by 4.2% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 20,395 shares of the investment management company's stock worth $267,000 after purchasing an additional 827 shares during the period. Chilton Capital Management LLC grew its stake in shares of Stellus Capital Investment by 15.2% during the 2nd quarter. Chilton Capital Management LLC now owns 7,600 shares of the investment management company's stock worth $104,000 after purchasing an additional 1,000 shares during the period. PSI Advisors LLC increased its holdings in shares of 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 valued at $32,000 after purchasing an additional 1,100 shares in the last quarter. Finally, Concurrent Investment Advisors LLC lifted its stake in shares of Stellus Capital Investment by 17.6% in the third quarter. Concurrent Investment Advisors LLC now owns 18,096 shares of the investment management company's stock valued at $248,000 after purchasing an additional 2,704 shares during the period. Hedge funds and other institutional investors own 13.22% of the company's stock.

Stellus Capital Investment Price Performance

SCM traded up $0.02 during midday trading on Monday, reaching $13.83. 185,883 shares of the company's stock were exchanged, compared to its average volume of 139,682. Stellus Capital Investment Co. has a 1-year low of $12.48 and a 1-year high of $14.68. The stock has a market capitalization of $374.24 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. The business's 50-day moving average price is $13.89 and its 200 day moving average price is $13.89.

Stellus Capital Investment Dividend Announcement

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