JPMorgan Chase & Co. increased its stake in Stellus Capital Investment Corp (NYSE:SCM) by 36.3% during the third quarter, HoldingsChannel reports. The firm owned 80,973 shares of the investment management company’s stock after acquiring an additional 21,584 shares during the period. JPMorgan Chase & Co.’s holdings in Stellus Capital Investment were worth $1,105,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. GSA Capital Partners LLP increased its stake in Stellus Capital Investment by 1.0% in the 2nd quarter. GSA Capital Partners LLP now owns 10,300 shares of the investment management company’s stock worth $141,000 after purchasing an additional 100 shares in the last quarter. Oppenheimer & Co. Inc. increased its stake in Stellus Capital Investment by 5.1% in the 2nd quarter. Oppenheimer & Co. Inc. now owns 31,095 shares of the investment management company’s stock worth $426,000 after purchasing an additional 1,500 shares in the last quarter. Raymond James Financial Services Advisors Inc. increased its stake in Stellus Capital Investment by 7.4% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 35,593 shares of the investment management company’s stock worth $488,000 after purchasing an additional 2,460 shares in the last quarter. Arrowstreet Capital Limited Partnership purchased a new position in Stellus Capital Investment in the 2nd quarter worth about $155,000. Finally, Macquarie Group Ltd. purchased a new position in Stellus Capital Investment in the 3rd quarter worth about $188,000. 27.10% of the stock is currently owned by hedge funds and other institutional investors.

A number of brokerages recently weighed in on SCM. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $14.00 price target on shares of Stellus Capital Investment in a research note on Friday, November 10th. ValuEngine raised Stellus Capital Investment from a “buy” rating to a “strong-buy” rating in a research note on Friday, December 15th. Ladenburg Thalmann Financial Services started coverage on Stellus Capital Investment in a research note on Monday, September 25th. They set a “buy” rating and a $14.50 target price on the stock. Finally, Zacks Investment Research cut Stellus Capital Investment from a “hold” rating to a “sell” rating in a research note on Thursday. One analyst has rated the stock with a sell rating, one has assigned a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $14.50.

In other Stellus Capital Investment news, CEO Robert T. Ladd bought 55,693 shares of the stock in a transaction on Tuesday, November 14th. The shares were bought at an average price of $12.47 per share, with a total value of $694,491.71. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Dean D’angelo bought 12,500 shares of the stock in a transaction on Friday, December 8th. The shares were acquired at an average cost of $12.31 per share, for a total transaction of $153,875.00. Following the purchase, the director now owns 76,327 shares in the company, valued at $939,585.37. The disclosure for this purchase can be found here. In the last ninety days, insiders have acquired 196,686 shares of company stock worth $2,439,120. Company insiders own 4.20% of the company’s stock.

Stellus Capital Investment Corp (NYSE SCM) opened at $12.54 on Friday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.44 and a current ratio of 0.44. Stellus Capital Investment Corp has a 12 month low of $11.57 and a 12 month high of $14.82. The firm has a market capitalization of $199.96, a PE ratio of 7.42 and a beta of 0.53.

Stellus Capital Investment (NYSE:SCM) last released its earnings results on Thursday, November 9th. The investment management company reported $0.29 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.31 by ($0.02). Stellus Capital Investment had a net margin of 57.94% and a return on equity of 9.35%. The business had revenue of $9.98 million for the quarter. equities research analysts forecast that Stellus Capital Investment Corp will post 1.26 earnings per share for the current year.

The firm also recently announced a monthly dividend, which will be paid on Friday, January 12th. Shareholders of record on Friday, December 29th will be paid a dividend of $0.1133 per share. The ex-dividend date is Thursday, December 28th. This represents a $1.36 annualized dividend and a yield of 10.84%. Stellus Capital Investment’s dividend payout ratio (DPR) is presently 80.47%.

WARNING: This article was first posted by Watch List News and is owned by of Watch List News. If you are reading this article on another publication, it was stolen and reposted in violation of US & international copyright and trademark laws. The original version of this article can be accessed at https://www.watchlistnews.com/jpmorgan-chase-co-has-1-11-million-position-in-stellus-capital-investment-corp-scm/1803971.html.

Stellus Capital Investment 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.

Want to see what other hedge funds are holding SCM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Stellus Capital Investment Corp (NYSE:SCM).

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

Receive News & Ratings for Stellus Capital Investment Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Stellus Capital Investment and related companies with MarketBeat.com's FREE daily email newsletter.