Insider Buying: Stellus Capital Investment Corp (NYSE:SCM) Director Purchases $103,600.00 in Stock
Stellus Capital Investment Corp (NYSE:SCM) Director J Tim Arnoult bought 20,000 shares of the stock in a transaction dated Monday, March 23rd. The stock was acquired at an average price of $5.18 per share, with a total value of $103,600.00. Following the completion of the purchase, the director now owns 165,022 shares of the company’s stock, valued at approximately $854,813.96. The acquisition was disclosed in a filing with the SEC, which is available through this link.
J Tim Arnoult also recently made the following trade(s):
- On Monday, March 9th, J Tim Arnoult bought 10,000 shares of Stellus Capital Investment stock. The stock was acquired at an average price of $10.74 per share, with a total value of $107,400.00.
Shares of NYSE:SCM opened at $7.91 on Thursday. Stellus Capital Investment Corp has a twelve month low of $4.10 and a twelve month high of $15.04. The firm has a market cap of $100.88 million, a PE ratio of 5.38 and a beta of 0.85. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.12 and a current ratio of 0.12. The business has a fifty day moving average of $12.02 and a 200-day moving average of $13.52.
The firm also recently announced a monthly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st will be paid a $0.1133 dividend. The ex-dividend date of this dividend is Monday, March 30th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 17.19%. Stellus Capital Investment’s dividend payout ratio (DPR) is presently 110.57%.
Separately, Zacks Investment Research lowered Stellus Capital Investment from a “hold” rating to a “sell” rating in a research note on Friday, March 6th.
Several large investors have recently made changes to their positions in the company. Great West Life Assurance Co. Can acquired a new stake in Stellus Capital Investment in the fourth quarter worth about $84,000. Stifel Financial Corp acquired a new stake in Stellus Capital Investment in the third quarter worth about $144,000. Raymond James Trust N.A. acquired a new stake in Stellus Capital Investment in the fourth quarter worth about $168,000. Guild Investment Management Inc. acquired a new stake in Stellus Capital Investment in the fourth quarter worth about $285,000. Finally, Chapwood Capital Investment Management LLC acquired a new stake in Stellus Capital Investment in the fourth quarter worth about $383,000. Institutional investors own 16.07% of the company’s stock.
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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