Stellus Capital Investment Co. (NYSE:SCM - Get Free Report) was the recipient of a significant decline in short interest in the month of November. As of November 15th, there was short interest totalling 158,800 shares, a decline of 52.7% from the October 31st total of 335,700 shares. Based on an average daily volume of 145,300 shares, the days-to-cover ratio is currently 1.1 days.
Hedge Funds Weigh In On Stellus Capital Investment
Large investors have recently bought and sold shares of the business. Paloma Partners Management Co bought a new position in shares of Stellus Capital Investment during the third quarter valued at approximately $226,000. Prime Capital Investment Advisors LLC bought a new position in Stellus Capital Investment during the 3rd quarter worth $223,000. Concurrent Investment Advisors LLC grew its stake in Stellus Capital Investment by 17.6% during the 3rd quarter. Concurrent Investment Advisors LLC now owns 18,096 shares of the investment management company's stock worth $248,000 after buying an additional 2,704 shares during the last quarter. Farther Finance Advisors LLC increased its position in Stellus Capital Investment by 27.9% in the third quarter. Farther Finance Advisors LLC now owns 13,106 shares of the investment management company's stock worth $179,000 after buying an additional 2,862 shares during the period. Finally, PFG Investments LLC lifted its stake in 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 buying an additional 792 shares during the last quarter. Institutional investors own 13.22% of the company's stock.
Stellus Capital Investment Stock Performance
SCM stock traded up $0.04 during trading on Thursday, hitting $13.86. 209,808 shares of the company's stock traded hands, compared to its average volume of 140,228. The stock has a market capitalization of $375.05 million, a price-to-earnings ratio of 7.07 and a beta of 1.15. Stellus Capital Investment has a 52 week low of $12.48 and a 52 week high of $14.68. The stock has a fifty day moving average price of $13.90 and a two-hundred day moving average price of $13.89. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 1.15.
Stellus Capital Investment Announces Dividend
The firm also recently disclosed a dividend, which was paid on Friday, November 15th. Investors of record on Friday, November 1st were paid a dividend of $0.1333 per share. The ex-dividend date of this dividend was Thursday, October 31st. This represents a yield of 11.3%. Stellus Capital Investment's dividend payout ratio (DPR) is 81.63%.
Stellus Capital Investment Company Profile
(
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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.
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