Stellus Capital Investment Corporation (SCM) to Distribute Monthly Dividend of $0.08 on August 14th

Stellus Capital Investment Corporation (NYSE:SCM) declared a monthly dividend on Thursday, July 16th. Shareholders of record on Friday, July 31st will be given a dividend of 0.0833 per share by the investment management company on Friday, August 14th. This represents a c) annualized dividend and a dividend yield of 13.8%. The ex-dividend date is Friday, July 31st.

Stellus Capital Investment has increased its dividend by an average of 0.1%annually over the last three years. Stellus Capital Investment has a dividend payout ratio of 79.4% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Analysts expect Stellus Capital Investment to earn $1.02 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 98.0%.

Stellus Capital Investment Price Performance

Shares of SCM opened at $7.27 on Wednesday. The firm has a market capitalization of $210.44 million, a PE ratio of 8.86 and a beta of 0.64. The company’s 50-day moving average is $8.40 and its 200-day moving average is $9.77. Stellus Capital Investment has a fifty-two week low of $6.83 and a fifty-two week high of $15.04. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.04 and a quick ratio of 0.04.

Stellus Capital Investment (NYSE:SCM) last posted its earnings results on Monday, May 11th. The investment management company reported $0.27 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.27. Stellus Capital Investment had a net margin of 23.59% and a return on equity of 9.69%. The company had revenue of $17.45 million during the quarter, compared to analysts’ expectations of $24.80 million. Equities analysts forecast that Stellus Capital Investment will post 1.06 EPS for the current year.

Insider Buying and Selling

In other Stellus Capital Investment news, Director J Tim Arnoult purchased 9,000 shares of the stock in a transaction that occurred on Tuesday, May 19th. The shares were acquired at an average cost of $9.05 per share, with a total value of $81,450.00. Following the completion of the transaction, the director owned 50,869 shares in the company, valued at $460,364.45. The trade was a 21.50% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have bought 10,700 shares of company stock worth $96,523 over the last 90 days. 4.24% of the stock is currently owned by company insiders.

Institutional Trading of Stellus Capital Investment

A number of institutional investors have recently bought and sold shares of SCM. Corient Private Wealth LLC increased its holdings in shares of Stellus Capital Investment by 138.9% during the second quarter. Corient Private Wealth LLC now owns 507,526 shares of the investment management company’s stock worth $7,075,000 after purchasing an additional 295,068 shares during the period. LPL Financial LLC raised its position in shares of Stellus Capital Investment by 695.6% in the fourth quarter. LPL Financial LLC now owns 309,045 shares of the investment management company’s stock valued at $3,919,000 after buying an additional 270,199 shares in the last quarter. Sunbelt Securities Inc. boosted its stake in shares of Stellus Capital Investment by 31.5% in the first quarter. Sunbelt Securities Inc. now owns 203,190 shares of the investment management company’s stock valued at $1,871,000 after buying an additional 48,617 shares during the period. Muzinich & Co. Inc. boosted its stake in shares of Stellus Capital Investment by 22.5% in the fourth quarter. Muzinich & Co. Inc. now owns 253,534 shares of the investment management company’s stock valued at $3,215,000 after buying an additional 46,641 shares during the period. Finally, Doliver Advisors LP grew its position in Stellus Capital Investment by 452.9% during the second quarter. Doliver Advisors LP now owns 55,292 shares of the investment management company’s stock worth $466,000 after buying an additional 45,292 shares in the last quarter. Institutional investors own 13.22% of the company’s stock.

About Stellus Capital Investment

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.