Gables Capital Management Inc. Purchases Shares of 67,052 Stellus Capital Investment Corporation $SCM

Gables Capital Management Inc. purchased a new position in shares of Stellus Capital Investment Corporation (NYSE:SCM) in the second quarter, according to its most recent filing with the SEC. The firm purchased 67,052 shares of the investment management company’s stock, valued at approximately $565,000. Gables Capital Management Inc. owned 0.23% of Stellus Capital Investment at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in SCM. Geneos Wealth Management Inc. acquired a new position in shares of Stellus Capital Investment in the 2nd quarter valued at about $25,000. Laurel Wealth Advisors LLC bought a new stake in Stellus Capital Investment in the fourth quarter worth approximately $26,000. JPMorgan Chase & Co. bought a new stake in Stellus Capital Investment in the third quarter worth approximately $28,000. BNP Paribas Financial Markets acquired a new position in Stellus Capital Investment in the second quarter valued at approximately $60,000. Finally, Kestra Advisory Services LLC acquired a new position in Stellus Capital Investment in the fourth quarter valued at approximately $62,000. 13.22% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have issued reports on SCM. Wall Street Zen upgraded Stellus Capital Investment from a “sell” rating to a “hold” rating in a report on Saturday, May 16th. Keefe, Bruyette & Woods lowered their price objective on shares of Stellus Capital Investment from $9.00 to $8.00 and set a “market perform” rating for the company in a research note on Monday, July 20th. Zacks Research upgraded shares of Stellus Capital Investment from a “strong sell” rating to a “hold” rating in a research report on Friday, May 15th. Weiss Ratings raised shares of Stellus Capital Investment from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, August 11th. Finally, LADENBURG THALM/SH SH reduced their price target on shares of Stellus Capital Investment from $11.00 to $10.50 and set a “buy” rating for the company in a report on Wednesday, August 12th. One research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, Stellus Capital Investment has an average rating of “Hold” and an average price target of $9.25.

Stellus Capital Investment Stock Performance

NYSE SCM opened at $8.57 on Wednesday. The company has a fifty day moving average price of $8.18 and a 200-day moving average price of $9.26. The firm has a market cap of $244.07 million, a price-to-earnings ratio of 8.40 and a beta of 0.65. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.06 and a quick ratio of 0.06. Stellus Capital Investment Corporation has a 1 year low of $6.83 and a 1 year high of $15.04.

Stellus Capital Investment (NYSE:SCM) last released its quarterly earnings results on Monday, August 10th. The investment management company reported $0.26 earnings per share for the quarter, hitting the consensus estimate of $0.26. The business had revenue of $30.98 million for the quarter, compared to analysts’ expectations of $24.38 million. Stellus Capital Investment had a net margin of 30.66% and a return on equity of 9.09%. As a group, equities research analysts predict that Stellus Capital Investment Corporation will post 1.05 EPS for the current fiscal year.

Stellus Capital Investment Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th will be issued a $0.0833 dividend. The ex-dividend date of this dividend is Wednesday, September 30th. This represents a c) annualized dividend and a dividend yield of 11.7%. Stellus Capital Investment’s dividend payout ratio is currently 98.04%.

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.