Sunbelt Securities Inc. Sells 3,231 Shares of Stellus Capital Investment Co. (NYSE:SCM)

Sunbelt Securities Inc. cut its holdings in shares of Stellus Capital Investment Co. (NYSE:SCM) by 9.4% during the 3rd quarter, HoldingsChannel reports. The fund owned 30,984 shares of the investment management company’s stock after selling 3,231 shares during the quarter. Sunbelt Securities Inc.’s holdings in Stellus Capital Investment were worth $424,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in SCM. PFG Investments LLC grew its holdings in shares of Stellus Capital Investment by 1.3% during the 3rd quarter. PFG Investments LLC now owns 62,954 shares of the investment management company’s stock valued at $862,000 after purchasing an additional 792 shares during the last quarter. Chilton Capital Management LLC grew its stake in shares of Stellus Capital Investment by 15.2% during the second quarter. Chilton Capital Management LLC now owns 7,600 shares of the investment management company’s stock valued at $104,000 after buying an additional 1,000 shares during the last quarter. PSI Advisors LLC grew its stake in shares of Stellus Capital Investment by 91.7% during the second quarter. PSI Advisors LLC now owns 2,300 shares of the investment management company’s stock valued at $32,000 after buying an additional 1,100 shares during the last quarter. Concurrent Investment Advisors LLC increased its holdings in shares of Stellus Capital Investment by 17.6% in the third quarter. Concurrent Investment Advisors LLC now owns 18,096 shares of the investment management company’s stock worth $248,000 after buying an additional 2,704 shares during the period. Finally, Farther Finance Advisors LLC lifted its stake in shares of Stellus Capital Investment by 27.9% in the 3rd quarter. Farther Finance Advisors LLC now owns 13,106 shares of the investment management company’s stock valued at $179,000 after acquiring an additional 2,862 shares during the last quarter. 13.22% of the stock is currently owned by institutional investors.

Stellus Capital Investment Trading Up 0.3 %

Shares of SCM stock opened at $13.89 on Friday. The business has a 50-day moving average of $13.93 and a 200 day moving average of $13.87. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.29 and a quick ratio of 0.29. Stellus Capital Investment Co. has a 1-year low of $12.48 and a 1-year high of $14.68. The stock has a market capitalization of $375.86 million, a PE ratio of 7.09 and a beta of 1.12.

Stellus Capital Investment Announces Dividend

The company also recently announced a dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, November 1st were issued a $0.1333 dividend. This represents a dividend yield of 11.3%. The ex-dividend date of this dividend was Thursday, October 31st. Stellus Capital Investment’s dividend payout ratio is 81.63%.

About Stellus Capital Investment

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.