JPMorgan Chase & Co. Has $1.11 Million Position in Stellus Capital Investment Corp (SCM)
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%.
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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.
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