Muzinich & Co. Inc. Buys 62,888 Shares of Stellus Capital Investment Corporation $SCM

Muzinich & Co. Inc. raised its stake in Stellus Capital Investment Corporation (NYSE:SCM) by 43.7% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 206,893 shares of the investment management company’s stock after purchasing an additional 62,888 shares during the quarter. Stellus Capital Investment accounts for 1.0% of Muzinich & Co. Inc.’s portfolio, making the stock its 20th biggest position. Muzinich & Co. Inc. owned 0.73% of Stellus Capital Investment worth $2,702,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Geneos Wealth Management Inc. bought a new stake in Stellus Capital Investment during the 2nd quarter valued at $25,000. Ameritas Advisory Services LLC bought a new position in shares of Stellus Capital Investment during the second quarter valued at about $34,000. BNP Paribas Financial Markets purchased a new stake in shares of Stellus Capital Investment during the second quarter worth about $60,000. Brevan Howard Capital Management LP purchased a new stake in shares of Stellus Capital Investment during the second quarter worth about $154,000. Finally, Jane Street Group LLC purchased a new position in Stellus Capital Investment during the 1st quarter valued at about $157,000. Institutional investors own 13.22% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on SCM. Wall Street Zen cut Stellus Capital Investment from a “hold” rating to a “sell” rating in a report on Sunday, November 9th. Zacks Research upgraded shares of Stellus Capital Investment from a “strong sell” rating to a “hold” rating in a report on Thursday, November 13th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Stellus Capital Investment in a research report on Monday, December 22nd. Three research analysts have rated the stock with a Hold rating, According to MarketBeat.com, Stellus Capital Investment currently has a consensus rating of “Hold” and an average price target of $13.00.

Stellus Capital Investment Price Performance

Shares of NYSE:SCM opened at $12.53 on Tuesday. The business has a 50-day simple moving average of $12.23 and a two-hundred day simple moving average of $13.39. Stellus Capital Investment Corporation has a fifty-two week low of $11.19 and a fifty-two week high of $15.56. The firm has a market cap of $362.86 million, a price-to-earnings ratio of 11.50 and a beta of 0.66. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.10 and a current ratio of 0.10.

Stellus Capital Investment (NYSE:SCM) last posted its earnings results on Tuesday, December 14th. The investment management company reported $0.31 EPS for the quarter. The business had revenue of $27.03 million during the quarter. Stellus Capital Investment had a net margin of 29.77% and a return on equity of 10.72%. On average, analysts expect that Stellus Capital Investment Corporation will post 1.74 earnings per share for the current year.

Stellus Capital Investment Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Thursday, January 15th. Shareholders of record on Wednesday, December 31st will be paid a dividend of $0.1333 per share. The ex-dividend date is Wednesday, December 31st. This represents a c) dividend on an annualized basis and a yield of 12.8%. Stellus Capital Investment’s dividend payout ratio (DPR) is presently 146.79%.

Stellus Capital Investment Company Profile

Stellus Capital Investment Corporation (NYSE: SCM) is a closed-end, externally managed business development company that provides debt and equity financing to middle market companies in the United States. As an investment vehicle specializing in private credit, Stellus focuses on originating and structuring senior secured loans, unitranche facilities, mezzanine debt, and equity co-investments tailored to the unique needs of growing businesses. Its flexible capital solutions are designed to support acquisitions, recapitalizations, growth initiatives, and balance sheet refinancings.

Operating under an evergreen structure, Stellus Capital Investment partners with a diverse group of portfolio companies across industries such as manufacturing, healthcare, business services, and specialty finance.