Raymond James Financial Inc. Invests $3.33 Million in Stellus Capital Investment Co. (NYSE:SCM)

Raymond James Financial Inc. acquired a new stake in shares of Stellus Capital Investment Co. (NYSE:SCM - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 241,849 shares of the investment management company's stock, valued at approximately $3,328,000. Raymond James Financial Inc. owned about 0.89% of Stellus Capital Investment as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Paloma Partners Management Co acquired a new position in Stellus Capital Investment during the third quarter valued at approximately $226,000. JPMorgan Chase & Co. lifted its stake in shares of Stellus Capital Investment by 70.8% in the third quarter. JPMorgan Chase & Co. now owns 14,949 shares of the investment management company's stock worth $205,000 after buying an additional 6,197 shares during the last quarter. ORG Partners LLC bought a new stake in shares of Stellus Capital Investment during the 4th quarter worth $29,000. Finally, PFG Investments LLC grew its stake 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. 13.22% of the stock is owned by institutional investors.

Stellus Capital Investment Stock Performance

SCM traded down $0.26 during midday trading on Monday, reaching $14.00. The company's stock had a trading volume of 248,968 shares, compared to its average volume of 157,491. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 1.15. The company has a fifty day simple moving average of $14.66 and a 200 day simple moving average of $14.12. The stock has a market cap of $385.14 million, a P/E ratio of 7.14 and a beta of 1.07. Stellus Capital Investment Co. has a twelve month low of $12.92 and a twelve month 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 (EPS) for the quarter, missing the consensus estimate of $0.41 by ($0.04). The company 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%. Research analysts expect that Stellus Capital Investment Co. will post 1.74 earnings per share for the current year.

Stellus Capital Investment Announces Dividend

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

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered shares of Stellus Capital Investment from a "hold" rating to a "sell" rating in a research 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.