Stellus Capital Investment (NYSE:SCM) Stock Crosses Above Two Hundred Day Moving Average - Here's What Happened

Stellus Capital Investment Co. (NYSE:SCM - Get Free Report)'s share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $13.88 and traded as high as $14.34. Stellus Capital Investment shares last traded at $14.26, with a volume of 136,257 shares.

Stellus Capital Investment Trading Down 0.5 %

The stock has a fifty day moving average of $13.80 and a 200-day moving average of $13.88. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.26 and a current ratio of 0.26. The company has a market cap of $368.66 million, a PE ratio of 11.26 and a beta of 1.15.

Stellus Capital Investment (NYSE:SCM - Get Free Report) last announced its earnings results on Wednesday, August 7th. The investment management company reported $0.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.44 by $0.06. The company had revenue of $26.63 million for the quarter, compared to analyst estimates of $26.41 million. Stellus Capital Investment had a return on equity of 14.15% and a net margin of 28.55%. Sell-side analysts anticipate that Stellus Capital Investment Co. will post 1.84 EPS for the current fiscal year.

Stellus Capital Investment Increases Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be issued a $0.1333 dividend. This is a positive change from Stellus Capital Investment's previous monthly dividend of $0.13. This represents a $1.60 annualized dividend and a yield of 11.27%. The ex-dividend date is Tuesday, December 31st. Stellus Capital Investment's dividend payout ratio (DPR) is presently 126.99%.

Institutional Investors Weigh In On Stellus Capital Investment

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Magnetar Financial LLC acquired a new position in shares of Stellus Capital Investment during the 2nd quarter worth about $544,000. Millennium Management LLC grew its holdings in Stellus Capital Investment by 285.2% during the 2nd quarter. Millennium Management LLC now owns 213,958 shares of the investment management company's stock valued at $2,938,000 after buying an additional 158,415 shares during the last quarter. Condor Capital Management grew its holdings in Stellus Capital Investment by 47.1% during the 2nd quarter. Condor Capital Management now owns 269,416 shares of the investment management company's stock valued at $3,699,000 after buying an additional 86,323 shares during the last quarter. Marshall Wace LLP purchased a new position in shares of Stellus Capital Investment during the 2nd quarter worth $1,302,000. Finally, CANADA LIFE ASSURANCE Co lifted 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. Hedge funds and other institutional investors own 13.22% of the company's stock.

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 prefers to invest in US and Canada.