BlackRock Inc. Has $885,000 Position in Stellus Capital Investment Corp (SCM)

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BlackRock Inc. cut its holdings in Stellus Capital Investment Corp (NYSE:SCM) by 6.1% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 68,313 shares of the investment management company’s stock after selling 4,453 shares during the quarter. BlackRock Inc.’s holdings in Stellus Capital Investment were worth $885,000 at the end of the most recent reporting period.

Separately, Sumitomo Mitsui Asset Management Company LTD acquired a new position in shares of Stellus Capital Investment in the fourth quarter worth $423,000. Hedge funds and other institutional investors own 15.81% of the company’s stock.

Separately, Zacks Investment Research cut Stellus Capital Investment from a “buy” rating to a “hold” rating in a report on Wednesday, January 9th.

NYSE SCM opened at $14.23 on Friday. Stellus Capital Investment Corp has a fifty-two week low of $11.65 and a fifty-two week high of $15.30. The firm has a market capitalization of $266.96 million, a PE ratio of 10.02 and a beta of 0.76. The company has a quick ratio of 0.22, a current ratio of 0.22 and a debt-to-equity ratio of 0.86.

Stellus Capital Investment (NYSE:SCM) last released its quarterly earnings results on Wednesday, March 6th. The investment management company reported $0.49 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.37 by $0.12. Stellus Capital Investment had a return on equity of 10.02% and a net margin of 49.18%. The company had revenue of $15.25 million during the quarter, compared to analysts’ expectations of $14.02 million. As a group, research analysts predict that Stellus Capital Investment Corp will post 1.41 earnings per share for the current fiscal year.

The business also recently declared a monthly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Tuesday, April 30th will be issued a $0.1133 dividend. The ex-dividend date is Friday, April 26th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 9.55%. Stellus Capital Investment’s dividend payout ratio (DPR) is 95.77%.

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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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Institutional Ownership by Quarter for Stellus Capital Investment (NYSE:SCM)

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