Prime Capital Investment Advisors LLC Takes Position in Stellus Capital Investment Co. (NYSE:SCM)

Prime Capital Investment Advisors LLC purchased a new stake in Stellus Capital Investment Co. (NYSE:SCM) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 16,278 shares of the investment management company’s stock, valued at approximately $223,000.

Other hedge funds have also made changes to their positions in the company. PSI Advisors LLC grew its stake in shares of Stellus Capital Investment by 91.7% in the 2nd 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 period. Chilton Capital Management LLC boosted its position in shares of Stellus Capital Investment by 15.2% during the 2nd quarter. Chilton Capital Management LLC now owns 7,600 shares of the investment management company’s stock worth $104,000 after purchasing an additional 1,000 shares during the period. Virtu Financial LLC purchased a new position in shares of Stellus Capital Investment during the 1st quarter worth approximately $143,000. Farther Finance Advisors LLC boosted its position in shares of Stellus Capital Investment by 27.9% during the 3rd quarter. Farther Finance Advisors LLC now owns 13,106 shares of the investment management company’s stock worth $179,000 after purchasing an additional 2,862 shares during the period. Finally, Concurrent Investment Advisors LLC purchased a new position in shares of Stellus Capital Investment during the 2nd quarter worth approximately $211,000. Hedge funds and other institutional investors own 13.22% of the company’s stock.

Stellus Capital Investment Stock Performance

NYSE:SCM opened at $13.98 on Monday. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.26 and a current ratio of 0.29. The stock has a market capitalization of $378.27 million, a P/E ratio of 7.13 and a beta of 1.15. The company has a 50 day moving average price of $13.86 and a 200 day moving average price of $13.90. Stellus Capital Investment Co. has a fifty-two week low of $12.48 and a fifty-two week high of $14.68.

Stellus Capital Investment Announces Dividend

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

Stellus Capital Investment Profile

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.