Bank of Montreal Can acquired a new position in shares of Stellus Capital Investment Corporation (NYSE:SCM) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 180,000 shares of the investment management company’s stock, valued at approximately $2,468,000.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Muzinich & Co. Inc. raised its position in Stellus Capital Investment Corporation by 133.4% in the first quarter. Muzinich & Co. Inc. now owns 571,723 shares of the investment management company’s stock worth $8,319,000 after buying an additional 326,773 shares during the period. Confluence Investment Management LLC raised its position 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 worth $7,017,000 after buying an additional 85,217 shares during the period. Wells Fargo & Company MN raised its position in Stellus Capital Investment Corporation by 15,872.9% in the first quarter. Wells Fargo & Company MN now owns 70,760 shares of the investment management company’s stock worth $1,030,000 after buying an additional 70,317 shares during the period. UBS Group AG raised its position in Stellus Capital Investment Corporation by 20.7% in the first quarter. UBS Group AG now owns 318,007 shares of the investment management company’s stock worth $4,627,000 after buying an additional 54,552 shares during the period. Finally, Marshall Wace North America L.P. purchased a new position in Stellus Capital Investment Corporation during the first quarter worth approximately $263,000. Institutional investors own 23.95% of the company’s stock.

Stellus Capital Investment Corporation (NYSE SCM) traded down 1.4840% during trading on Thursday, hitting $13.2701. 33,879 shares of the stock were exchanged. The company has a 50-day moving average price of $13.64 and a 200 day moving average price of $13.90. Stellus Capital Investment Corporation has a 1-year low of $10.22 and a 1-year high of $14.82.

Stellus Capital Investment Corporation (NYSE:SCM) last announced its quarterly earnings data 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. Stellus Capital Investment Corporation had a net margin of 68.17% and a return on equity of 10.06%. The business had revenue of $10.39 million during the quarter, compared to analyst estimates of $9.99 million. Equities research analysts anticipate that Stellus Capital Investment Corporation will post $1.29 EPS for the current fiscal year.

The business also recently disclosed a monthly dividend, which will be paid on Friday, September 15th. Shareholders of record on Thursday, August 31st will be issued a dividend of $0.1133 per share. This represents a $1.36 dividend on an annualized basis and a yield of 10.09%. The ex-dividend date of this dividend is Tuesday, August 29th. Stellus Capital Investment Corporation’s dividend payout ratio (DPR) is currently 64.15%.

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

In other news, insider Robert T. Ladd bought 7,400 shares of the stock in a transaction dated Tuesday, June 20th. The stock was purchased at an average cost of $13.22 per share, for a total transaction of $97,828.00. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Dean D’angelo bought 6,500 shares of the stock in a transaction dated Tuesday, June 13th. The shares were purchased at an average price of $13.35 per share, with a total value of $86,775.00. The disclosure for this purchase can be found here. Over the last ninety days, insiders have acquired 29,400 shares of company stock valued at $392,618. Insiders own 4.20% of the company’s stock.

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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