Advisors Asset Management Inc. boosted its stake in shares of Stellus Capital Investment Corporation (NYSE:SCM) by 3.6% during the second quarter, Holdings Channel reports. The fund owned 635,570 shares of the investment management company’s stock after buying an additional 21,935 shares during the period. Advisors Asset Management Inc.’s holdings in Stellus Capital Investment Corporation were worth $8,714,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Sanders Morris Harris LLC increased its stake in Stellus Capital Investment Corporation by 1.8% in the second quarter. Sanders Morris Harris LLC now owns 13,776 shares of the investment management company’s stock valued at $189,000 after buying an additional 239 shares during the last quarter. Bank of Montreal Can purchased a new stake in Stellus Capital Investment Corporation during the second quarter valued at $2,468,000. Confluence Investment Management LLC increased its stake in Stellus Capital Investment Corporation by 20.0% in the second quarter. Confluence Investment Management LLC now owns 511,858 shares of the investment management company’s stock valued at $7,017,000 after buying an additional 85,217 shares during the last quarter. Goldman Sachs Group Inc. increased its stake in Stellus Capital Investment Corporation by 127.6% in the first quarter. Goldman Sachs Group Inc. now owns 23,293 shares of the investment management company’s stock valued at $339,000 after buying an additional 13,061 shares during the last quarter. Finally, Morgan Stanley increased its stake in Stellus Capital Investment Corporation by 3.1% in the first quarter. Morgan Stanley now owns 96,072 shares of the investment management company’s stock valued at $1,398,000 after buying an additional 2,896 shares during the last quarter. Hedge funds and other institutional investors own 24.13% of the company’s stock.

Stellus Capital Investment Corporation (SCM) opened at 13.68 on Tuesday. The firm has a 50-day moving average of $13.65 and a 200-day moving average of $13.90. Stellus Capital Investment Corporation has a one year low of $10.22 and a one year high of $14.82.

Stellus Capital Investment Corporation (NYSE:SCM) last posted its quarterly earnings results on Thursday, August 3rd. The investment management company reported $0.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.31 by $0.01. The company had revenue of $10.39 million for the quarter, compared to analyst estimates of $9.99 million. Stellus Capital Investment Corporation had a return on equity of 10.06% and a net margin of 68.17%. On average, analysts expect that Stellus Capital Investment Corporation will post $1.29 EPS for the current fiscal year.

The business also recently declared a monthly dividend, which will be paid on Friday, September 15th. Shareholders of record on Thursday, August 31st will be given a $0.1133 dividend. This represents a $1.36 dividend on an annualized basis and a yield of 9.94%. The ex-dividend date of this dividend is Tuesday, August 29th. Stellus Capital Investment Corporation’s dividend payout ratio is currently 64.15%.

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Several research firms recently weighed in on SCM. ValuEngine upgraded Stellus Capital Investment Corporation from a “buy” rating to a “strong-buy” rating in a report on Friday, June 2nd. Zacks Investment Research downgraded Stellus Capital Investment Corporation from a “hold” rating to a “sell” rating in a report on Saturday, May 13th. Finally, Keefe, Bruyette & Woods set a $15.00 price objective on Stellus Capital Investment Corporation and gave the company a “hold” rating in a report on Wednesday, May 31st. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $14.00.

In related news, Director Dean D’angelo purchased 6,500 shares of Stellus Capital Investment Corporation stock in a transaction on Tuesday, June 13th. The shares were bought at an average price of $13.35 per share, with a total value of $86,775.00. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider Robert T. Ladd purchased 14,000 shares of Stellus Capital Investment Corporation stock in a transaction on Tuesday, June 13th. The stock was bought at an average cost of $13.43 per share, for a total transaction of $188,020.00. The disclosure for this purchase can be found here. Insiders acquired a total of 29,400 shares of company stock worth $392,618 in the last ninety days. 4.20% of the stock is owned by corporate insiders.

Stellus Capital Investment Corporation 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.

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

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