Stellus Capital Investment Corporation (SCM) To Go Ex-Dividend on December 31st

Stellus Capital Investment Corporation (NYSE:SCM) declared a monthly dividend on Wednesday, October 8th. Shareholders of record on Wednesday, December 31st will be paid a dividend of 0.1333 per share by the investment management company on Thursday, January 15th. This represents a c) dividend on an annualized basis and a dividend yield of 12.7%. The ex-dividend date is Wednesday, December 31st.

Stellus Capital Investment has increased its dividend by an average of 0.0%annually over the last three years. Stellus Capital Investment has a dividend payout ratio of 127.0% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect Stellus Capital Investment to earn $1.45 per share next year, which means the company may not be able to cover its $1.60 annual dividend with an expected future payout ratio of 110.3%.

Stellus Capital Investment Stock Performance

NYSE SCM opened at $12.58 on Monday. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.10 and a quick ratio of 0.10. The stock’s 50 day simple moving average is $12.23 and its 200-day simple moving average is $13.40. The company has a market cap of $364.19 million, a PE ratio of 11.54 and a beta of 0.66. Stellus Capital Investment has a 1-year low of $11.19 and a 1-year high of $15.56.

Stellus Capital Investment (NYSE:SCM) last posted its quarterly earnings data on Tuesday, December 14th. The investment management company reported $0.31 EPS for the quarter. Stellus Capital Investment had a return on equity of 10.72% and a net margin of 29.77%.The firm had revenue of $27.03 million during the quarter. As a group, equities research analysts anticipate that Stellus Capital Investment will post 1.74 EPS for the current fiscal year.

Hedge Funds Weigh In On Stellus Capital Investment

Institutional investors and hedge funds have recently bought and sold shares of the company. Muzinich & Co. Inc. raised its position in Stellus Capital Investment by 65.3% in the second quarter. Muzinich & Co. Inc. now owns 144,005 shares of the investment management company’s stock valued at $2,007,000 after purchasing an additional 56,885 shares during the period. Inspire Advisors LLC increased its position in shares of Stellus Capital Investment by 155.5% during the 2nd quarter. Inspire Advisors LLC now owns 62,530 shares of the investment management company’s stock worth $872,000 after purchasing an additional 38,059 shares during the last quarter. Corient Private Wealth LLC raised its holdings in Stellus Capital Investment by 19.4% in the 2nd quarter. Corient Private Wealth LLC now owns 253,763 shares of the investment management company’s stock valued at $3,537,000 after buying an additional 41,305 shares during the period. Advisors Asset Management Inc. lifted its position in Stellus Capital Investment by 10.4% in the first quarter. Advisors Asset Management Inc. now owns 131,283 shares of the investment management company’s stock valued at $1,838,000 after buying an additional 12,320 shares during the last quarter. Finally, Condor Capital Management lifted its position in Stellus Capital Investment by 3.2% in the second quarter. Condor Capital Management now owns 197,552 shares of the investment management company’s stock valued at $2,754,000 after buying an additional 6,160 shares during the last quarter. 13.22% of the stock is currently owned by institutional investors and hedge funds.

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.