Stellus Capital Investment Corp (NYSE:SCM) was the recipient of a significant decline in short interest during the month of June. As of June 30th, there was short interest totalling 92,100 shares, a decline of 19.9% from the May 30th total of 115,000 shares. Based on an average daily volume of 106,900 shares, the days-to-cover ratio is presently 0.9 days. Approximately 0.6% of the shares of the stock are sold short.

A number of large investors have recently bought and sold shares of the business. Oppenheimer & Co. Inc. lifted its stake in Stellus Capital Investment by 5.1% in the 1st quarter. Oppenheimer & Co. Inc. now owns 40,804 shares of the investment management company’s stock valued at $577,000 after buying an additional 1,977 shares in the last quarter. Raymond James & Associates lifted its position in shares of Stellus Capital Investment by 22.4% during the 4th quarter. Raymond James & Associates now owns 96,878 shares of the investment management company’s stock worth $1,255,000 after purchasing an additional 17,726 shares during the last quarter. Icon Wealth Partners LLC purchased a new stake in shares of Stellus Capital Investment during the 1st quarter worth $42,000. Algert Global LLC purchased a new stake in shares of Stellus Capital Investment during the 1st quarter worth $308,000. Finally, Two Sigma Investments LP lifted its position in shares of Stellus Capital Investment by 27.7% during the 4th quarter. Two Sigma Investments LP now owns 26,334 shares of the investment management company’s stock worth $341,000 after purchasing an additional 5,708 shares during the last quarter. 17.51% of the stock is currently owned by institutional investors.

Several equities research analysts have recently issued reports on the company. Zacks Investment Research raised General Moly from a “sell” rating to a “hold” rating in a report on Thursday. TheStreet cut Weis Markets from a “b-” rating to a “c+” rating in a report on Wednesday, June 5th.

NYSE SCM traded up $0.04 during trading hours on Friday, hitting $14.18. 2,581 shares of the company were exchanged, compared to its average volume of 90,396. The stock has a 50-day moving average price of $13.92. The company has a current ratio of 0.36, a quick ratio of 0.36 and a debt-to-equity ratio of 0.73. Stellus Capital Investment has a 52 week low of $11.65 and a 52 week high of $15.30. The stock has a market capitalization of $268.14 million, a PE ratio of 9.96 and a beta of 0.68.

Stellus Capital Investment (NYSE:SCM) last announced its quarterly earnings results on Friday, May 10th. The investment management company reported $0.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.01). Stellus Capital Investment had a net margin of 51.60% and a return on equity of 9.97%. The firm had revenue of $13.84 million during the quarter, compared to analysts’ expectations of $14.13 million. As a group, analysts expect that Stellus Capital Investment will post 1.33 EPS for the current year.

The firm also recently declared a monthly dividend, which will be paid on Thursday, August 15th. Shareholders of record on Wednesday, July 31st will be issued a $0.113 dividend. This represents a $1.36 annualized dividend and a yield of 9.56%. The ex-dividend date is Tuesday, July 30th. Stellus Capital Investment’s payout ratio is 95.77%.

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 seeks to invest in companies with an EBITDA between $5 million and $50 million.

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