Stellus Capital Investment Co. (NYSE:SCM) Sees Large Decline in Short Interest

Stellus Capital Investment Co. (NYSE:SCM) was the target of a large drop in short interest in the month of November. As of November 15th, there was short interest totalling 158,800 shares, a drop of 52.7% from the October 31st total of 335,700 shares. Based on an average daily trading volume, of 145,300 shares, the short-interest ratio is presently 1.1 days.

Stellus Capital Investment Trading Up 0.3 %

SCM opened at $13.86 on Thursday. 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 has a fifty-two week low of $12.48 and a fifty-two week high of $14.68. The company’s 50 day moving average price is $13.90 and its two-hundred day moving average price is $13.89. The firm has a market capitalization of $375.05 million, a price-to-earnings ratio of 7.07 and a beta of 1.15.

Stellus Capital Investment Dividend Announcement

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

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. CANADA LIFE ASSURANCE Co increased its stake in shares of Stellus Capital Investment by 4.2% in the first quarter. CANADA LIFE ASSURANCE Co now owns 20,395 shares of the investment management company’s stock valued at $267,000 after buying an additional 827 shares during the period. Virtu Financial LLC acquired a new stake in Stellus Capital Investment during the 1st quarter valued at approximately $143,000. Raymond James & Associates raised its holdings in Stellus Capital Investment by 2.7% during the 2nd quarter. Raymond James & Associates now owns 223,516 shares of the investment management company’s stock worth $3,069,000 after purchasing an additional 5,842 shares during the last quarter. PSI Advisors LLC raised its holdings in Stellus Capital Investment by 91.7% during the 2nd quarter. PSI Advisors LLC now owns 2,300 shares of the investment management company’s stock worth $32,000 after purchasing an additional 1,100 shares during the last quarter. Finally, BCR Wealth Strategies LLC acquired a new position in shares of Stellus Capital Investment in the 2nd quarter worth approximately $368,000. 13.22% of the stock is owned by institutional investors.

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.