Stellus Capital Investment Corp (NYSE:SCM) saw a large increase in short interest in December. As of December 31st, there was short interest totalling 295,700 shares, an increase of 12.1% from the December 15th total of 263,900 shares. Approximately 1.7% of the company’s stock are short sold. Based on an average daily volume of 91,000 shares, the short-interest ratio is currently 3.2 days.

Separately, Zacks Investment Research raised Stellus Capital Investment from a “sell” rating to a “hold” rating in a research report on Tuesday.

Several hedge funds have recently bought and sold shares of the stock. Gables Capital Management Inc. grew its stake in Stellus Capital Investment by 6.2% during the 3rd quarter. Gables Capital Management Inc. now owns 138,212 shares of the investment management company’s stock worth $1,886,000 after buying an additional 8,114 shares during the last quarter. Stifel Financial Corp bought a new position in shares of Stellus Capital Investment in the third quarter worth $144,000. Raymond James Trust N.A. bought a new position in shares of Stellus Capital Investment in the fourth quarter worth $168,000. Confluence Investment Management LLC grew its stake in shares of Stellus Capital Investment by 2.5% in the third quarter. Confluence Investment Management LLC now owns 480,043 shares of the investment management company’s stock worth $6,543,000 after purchasing an additional 11,933 shares in the last quarter. Finally, Russell Investments Group Ltd. grew its stake in shares of Stellus Capital Investment by 462.2% in the second quarter. Russell Investments Group Ltd. now owns 18,243 shares of the investment management company’s stock worth $252,000 after purchasing an additional 14,998 shares in the last quarter. 16.43% of the stock is currently owned by institutional investors and hedge funds.

Shares of SCM remained flat at $$14.40 during trading on Thursday. The company’s stock had a trading volume of 45,709 shares, compared to its average volume of 100,774. The business’s fifty day moving average price is $14.34 and its two-hundred day moving average price is $13.91. Stellus Capital Investment has a one year low of $12.65 and a one year high of $15.30. The company has a market cap of $272.25 million, a P/E ratio of 10.14 and a beta of 0.67. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.19 and a current ratio of 0.19.

Stellus Capital Investment (NYSE:SCM) last announced its earnings results on Thursday, November 7th. The investment management company reported $0.31 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.31. Stellus Capital Investment had a return on equity of 9.44% and a net margin of 45.89%. The company had revenue of $15.52 million for the quarter, compared to analyst estimates of $14.61 million. On average, analysts anticipate that Stellus Capital Investment will post 1.27 earnings per share for the current fiscal year.

The company also recently declared a monthly dividend, which will be paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st will be given a dividend of $0.1133 per share. This represents a $1.36 annualized dividend and a dividend yield of 9.44%. The ex-dividend date of this dividend is Monday, March 30th. Stellus Capital Investment’s dividend payout ratio is currently 95.77%.

About Stellus Capital Investment

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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