Muzinich & Co. Inc. Cuts Position in Stellus Capital Investment Corp (SCM)
Muzinich & Co. Inc. reduced its stake in shares of Stellus Capital Investment Corp (NYSE:SCM) by 37.8% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 323,966 shares of the investment management company’s stock after selling 196,484 shares during the period. Stellus Capital Investment accounts for about 1.1% of Muzinich & Co. Inc.’s holdings, making the stock its 21st biggest position. Muzinich & Co. Inc. owned about 2.03% of Stellus Capital Investment worth $4,419,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Separately, Stephens Inc. AR purchased a new stake in Stellus Capital Investment in the 2nd quarter worth approximately $257,000. Institutional investors and hedge funds own 22.63% of the company’s stock.
In other Stellus Capital Investment news, insider Robert T. Ladd purchased 6,500 shares of the company’s stock in a transaction dated Monday, November 12th. The shares were bought at an average price of $12.87 per share, for a total transaction of $83,655.00. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 5.40% of the company’s stock.
Stellus Capital Investment (NYSE:SCM) last announced its quarterly earnings results on Wednesday, November 7th. The investment management company reported $0.35 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.34 by $0.01. Stellus Capital Investment had a net margin of 60.59% and a return on equity of 8.59%. The company had revenue of $14.49 million for the quarter, compared to analyst estimates of $13.58 million. Equities research analysts forecast that Stellus Capital Investment Corp will post 1.29 earnings per share for the current fiscal year.
The firm also recently declared a monthly dividend, which will be paid on Tuesday, January 15th. Stockholders of record on Monday, December 31st will be paid a dividend of $0.1133 per share. The ex-dividend date is Friday, December 28th. This represents a $1.36 annualized dividend and a dividend yield of 10.04%. Stellus Capital Investment’s dividend payout ratio (DPR) is 112.40%.
A number of equities research analysts have issued reports on the stock. Zacks Investment Research downgraded shares of Stellus Capital Investment from a “buy” rating to a “hold” rating in a research report on Tuesday, August 21st. ValuEngine upgraded shares of Stellus Capital Investment from a “sell” rating to a “hold” rating in a research note on Tuesday, September 4th. Finally, Keefe, Bruyette & Woods restated a “hold” rating and set a $14.00 price target on shares of Stellus Capital Investment in a research note on Thursday, August 9th.
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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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