Robert T. Ladd Buys 10,000 Shares of Stellus Capital Investment Corp (SCM) Stock

Stellus Capital Investment Corp (NYSE:SCM) insider Robert T. Ladd purchased 10,000 shares of the stock in a transaction on Friday, March 16th. The shares were acquired at an average price of $11.68 per share, for a total transaction of $116,800.00. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Robert T. Ladd also recently made the following trade(s):

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  • On Monday, March 12th, Robert T. Ladd purchased 7,000 shares of Stellus Capital Investment stock. The shares were acquired at an average price of $11.90 per share, for a total transaction of $83,300.00.
  • On Thursday, March 8th, Robert T. Ladd purchased 33,000 shares of Stellus Capital Investment stock. The shares were acquired at an average price of $11.63 per share, for a total transaction of $383,790.00.

Shares of Stellus Capital Investment stock traded down $0.07 during trading on Monday, hitting $11.76. The company’s stock had a trading volume of 54,546 shares, compared to its average volume of 95,865. Stellus Capital Investment Corp has a fifty-two week low of $11.07 and a fifty-two week high of $14.77. The firm has a market capitalization of $188.64, a PE ratio of 7.69 and a beta of 0.53. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 0.61.

Stellus Capital Investment (NYSE:SCM) last announced its earnings results on Tuesday, March 6th. The investment management company reported $0.28 EPS for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.03). Stellus Capital Investment had a net margin of 57.04% and a return on equity of 8.67%. The firm had revenue of $9.41 million for the quarter, compared to analyst estimates of $10.58 million. equities analysts forecast that Stellus Capital Investment Corp will post 1.32 EPS for the current fiscal year.

The company also recently announced a monthly dividend, which will be paid on Friday, April 13th. Shareholders of record on Thursday, March 29th will be issued a dividend of $0.1133 per share. The ex-dividend date is Wednesday, March 28th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 11.56%. Stellus Capital Investment’s payout ratio is currently 88.89%.

Several institutional investors have recently made changes to their positions in SCM. Arrowstreet Capital Limited Partnership raised its holdings in shares of Stellus Capital Investment by 77.6% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 215,896 shares of the investment management company’s stock valued at $2,837,000 after acquiring an additional 94,300 shares during the last quarter. Acadian Asset Management LLC increased its holdings in shares of Stellus Capital Investment by 29.4% in the fourth quarter. Acadian Asset Management LLC now owns 229,102 shares of the investment management company’s stock valued at $3,010,000 after purchasing an additional 52,055 shares during the last quarter. LSV Asset Management acquired a new stake in shares of Stellus Capital Investment in the fourth quarter valued at approximately $592,000. AXA increased its holdings in shares of Stellus Capital Investment by 253.8% in the fourth quarter. AXA now owns 46,700 shares of the investment management company’s stock valued at $614,000 after purchasing an additional 33,500 shares during the last quarter. Finally, Bank of Montreal Can increased its holdings in shares of Stellus Capital Investment by 16.1% in the fourth quarter. Bank of Montreal Can now owns 209,000 shares of the investment management company’s stock valued at $2,746,000 after purchasing an additional 29,000 shares during the last quarter. 28.92% of the stock is owned by institutional investors and hedge funds.

A number of equities analysts have commented on SCM shares. Zacks Investment Research cut Stellus Capital Investment from a “hold” rating to a “sell” rating in a report on Friday, March 9th. ValuEngine cut Stellus Capital Investment from a “strong-buy” rating to a “buy” rating in a report on Friday, February 2nd. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and set a $13.00 target price on shares of Stellus Capital Investment in a report on Tuesday, March 6th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company’s stock. Stellus Capital Investment has a consensus rating of “Hold” and an average price target of $14.17.

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Stellus Capital Investment Company Profile

Stellus Capital Investment Corporation is a closed-end, non-diversified management investment company. The Company originates and invests primarily in private middle-market companies through first lien, second lien, unitranche and mezzanine debt financing, with corresponding equity co-investments. The Company’s investment objective is to maximize the total return to its stockholders in the form of current income and capital appreciation.

Insider Buying and Selling by Quarter for Stellus Capital Investment (NYSE:SCM)

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