J Tim Arnoult Buys 9,000 Shares of Stellus Capital Investment (NYSE:SCM) Stock

Stellus Capital Investment Corporation (NYSE:SCM) Director J Tim Arnoult bought 9,000 shares of the company’s stock in a transaction dated Tuesday, May 19th. The stock was bought at an average cost of $9.05 per share, with a total value of $81,450.00. Following the completion of the transaction, the director owned 50,869 shares in the company, valued at approximately $460,364.45. This trade represents a 21.50% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

J Tim Arnoult also recently made the following trade(s):

• On Tuesday, June 23rd, J Tim Arnoult purchased 700 shares of Stellus Capital Investment stock. The shares were bought at an average price of $8.29 per share, for a total transaction of $5,803.00.
• On Wednesday, May 13th, J Tim Arnoult purchased 1,000 shares of Stellus Capital Investment stock. The stock was bought at an average cost of $9.27 per share, with a total value of $9,270.00.

Stellus Capital Investment Price Performance

SCM stock opened at $8.42 on Friday. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.04 and a quick ratio of 0.04. Stellus Capital Investment Corporation has a 1 year low of $7.78 and a 1 year high of $15.39. The firm has a 50-day moving average of $9.12 and a 200 day moving average of $10.53. The company has a market cap of $243.79 million, a P/E ratio of 10.27 and a beta of 0.63.

Stellus Capital Investment (NYSE:SCM) last posted its quarterly earnings data on Monday, May 11th. The investment management company reported $0.27 earnings per share for the quarter, meeting the consensus estimate of $0.27. Stellus Capital Investment had a return on equity of 9.69% and a net margin of 23.59%.The business had revenue of $17.45 million for the quarter, compared to analysts’ expectations of $24.80 million. On average, sell-side analysts forecast that Stellus Capital Investment Corporation will post 1.06 EPS for the current year.

Stellus Capital Investment Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th will be given a dividend of $0.1133 per share. The ex-dividend date is Tuesday, June 30th. This represents a c) annualized dividend and a dividend yield of 16.1%. Stellus Capital Investment’s payout ratio is currently 165.85%.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on SCM. LADENBURG THALM/SH SH decreased their price objective on Stellus Capital Investment from $12.00 to $11.00 and set a “buy” rating for the company in a report on Wednesday, May 13th. Wall Street Zen upgraded shares of Stellus Capital Investment from a “sell” rating to a “hold” rating in a report on Saturday, May 16th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Stellus Capital Investment in a research report on Friday, June 12th. Zacks Research upgraded shares of Stellus Capital Investment from a “strong sell” rating to a “hold” rating in a research note on Friday, May 15th. Finally, Keefe, Bruyette & Woods lowered their price target on shares of Stellus Capital Investment from $13.00 to $9.00 and set a “market perform” rating for the company in a research report on Monday, March 16th. One equities research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $10.00.

Institutional Investors Weigh In On Stellus Capital Investment

A number of institutional investors have recently made changes to their positions in SCM. Sunbelt Securities Inc. raised its holdings in Stellus Capital Investment by 390.7% in the 3rd quarter. Sunbelt Securities Inc. now owns 146,133 shares of the investment management company’s stock worth $1,909,000 after acquiring an additional 116,352 shares during the last quarter. JPMorgan Chase & Co. bought a new stake in shares of Stellus Capital Investment in the 3rd quarter worth $28,000. Janney Montgomery Scott LLC bought a new stake in shares of Stellus Capital Investment in the 1st quarter worth $399,000. Gallagher Capital Advisors LLC purchased a new position in shares of Stellus Capital Investment in the first quarter worth $313,000. Finally, PFG Investments LLC raised its stake in shares of Stellus Capital Investment by 7.2% in the first quarter. PFG Investments LLC now owns 74,661 shares of the investment management company’s stock worth $688,000 after purchasing an additional 5,016 shares during the last quarter. Hedge funds and other institutional investors own 13.22% of the company’s stock.

About Stellus Capital Investment

Stellus Capital Investment Corporation (NYSE: SCM) is a closed-end, externally managed business development company that provides debt and equity financing to middle market companies in the United States. As an investment vehicle specializing in private credit, Stellus focuses on originating and structuring senior secured loans, unitranche facilities, mezzanine debt, and equity co-investments tailored to the unique needs of growing businesses. Its flexible capital solutions are designed to support acquisitions, recapitalizations, growth initiatives, and balance sheet refinancings.

Operating under an evergreen structure, Stellus Capital Investment partners with a diverse group of portfolio companies across industries such as manufacturing, healthcare, business services, and specialty finance.