Raymond James Financial Inc. Takes $3.33 Million Position in Stellus Capital Investment Co. (NYSE:SCM)

Raymond James Financial Inc. purchased a new stake in shares of Stellus Capital Investment Co. (NYSE:SCM) during the 4th quarter, HoldingsChannel reports. The institutional investor purchased 241,849 shares of the investment management company’s stock, valued at approximately $3,328,000.

Other large investors have also recently added to or reduced their stakes in the company. ORG Partners LLC acquired a new stake in Stellus Capital Investment during the fourth quarter worth $29,000. JPMorgan Chase & Co. grew its holdings in shares of Stellus Capital Investment by 70.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 14,949 shares of the investment management company’s stock worth $205,000 after purchasing an additional 6,197 shares during the period. Paloma Partners Management Co purchased a new position in shares of Stellus Capital Investment during the 3rd quarter worth $226,000. Finally, PFG Investments LLC increased its position in shares of Stellus Capital Investment by 2.2% during the 4th quarter. PFG Investments LLC now owns 64,339 shares of the investment management company’s stock worth $885,000 after purchasing an additional 1,385 shares during the last quarter. 13.22% of the stock is currently owned by institutional investors and hedge funds.

Stellus Capital Investment Stock Performance

NYSE:SCM opened at $14.50 on Friday. The stock has a market capitalization of $398.90 million, a P/E ratio of 7.40 and a beta of 1.07. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.29 and a current ratio of 0.29. Stellus Capital Investment Co. has a fifty-two week low of $12.92 and a fifty-two week high of $15.56. The company has a 50 day moving average price of $14.67 and a 200 day moving average price of $14.11.

Stellus Capital Investment (NYSE:SCM) last posted its quarterly earnings results on Tuesday, March 4th. The investment management company reported $0.37 EPS for the quarter, missing the consensus estimate of $0.41 by ($0.04). Stellus Capital Investment had a return on equity of 13.49% and a net margin of 45.39%. The business had revenue of $25.62 million during the quarter, compared to analyst estimates of $26.60 million. Equities research analysts forecast that Stellus Capital Investment Co. will post 1.74 EPS for the current year.

Stellus Capital Investment Announces Dividend

The firm also recently disclosed a dividend, which was paid on Friday, February 14th. Stockholders of record on Monday, February 3rd were given a dividend of $0.1333 per share. The ex-dividend date of this dividend was Friday, January 31st. This represents a dividend yield of 10.88%. Stellus Capital Investment’s dividend payout ratio is currently 88.89%.

Analyst Ratings Changes

Separately, StockNews.com cut shares of Stellus Capital Investment from a “hold” rating to a “sell” rating in a research report on Thursday.

Stellus Capital Investment 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 prefers to invest in US and Canada.