238,329 Shares in Stellus Capital Investment Corporation $SCM Acquired by Legal & General Group Plc

Legal & General Group Plc acquired a new stake in Stellus Capital Investment Corporation (NYSE:SCM) during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 238,329 shares of the investment management company’s stock, valued at approximately $2,009,000. Legal & General Group Plc owned about 0.84% of Stellus Capital Investment at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Corient Private Wealth LLC raised its holdings in 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 in the last quarter. LPL Financial LLC boosted its stake in Stellus Capital Investment by 695.6% during the 4th quarter. LPL Financial LLC now owns 309,045 shares of the investment management company’s stock worth $3,919,000 after purchasing an additional 270,199 shares during the period. Two Sigma Investments LP grew its position in Stellus Capital Investment by 3.3% during the 3rd quarter. Two Sigma Investments LP now owns 225,264 shares of the investment management company’s stock worth $2,942,000 after purchasing an additional 7,132 shares during the last quarter. Condor Capital Management grew its position in Stellus Capital Investment by 5.7% during the 4th quarter. Condor Capital Management now owns 214,438 shares of the investment management company’s stock worth $2,719,000 after purchasing an additional 11,592 shares during the last quarter. Finally, Sunbelt Securities Inc. raised its holdings 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 last quarter. Institutional investors and hedge funds own 13.22% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Stellus Capital Investment Trading Down 0.1%

Shares of SCM stock opened at $8.77 on Monday. The business’s fifty day moving average price is $8.23 and its 200 day moving average price is $8.96. The firm has a market capitalization of $249.77 million, a PE ratio of 8.60 and a beta of 0.67. 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 issued its earnings results on Monday, August 10th. The investment management company reported $0.26 EPS for the quarter, hitting the consensus estimate of $0.26. Stellus Capital Investment had a net margin of 30.66% and a return on equity of 9.09%. The company had revenue of $30.98 million for the quarter, compared to analyst estimates of $24.38 million. As a group, sell-side analysts forecast that Stellus Capital Investment Corporation will post 1.05 EPS for the current fiscal year.

Stellus Capital Investment Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Thursday, October 15th. Investors of record on Wednesday, September 30th will be issued a dividend of $0.0833 per share. The ex-dividend date of this dividend is Wednesday, September 30th. This represents a c) dividend on an annualized basis and a yield of 11.4%. Stellus Capital Investment’s payout ratio is currently 98.04%.

Stellus Capital Investment Company Profile

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.