Advisors Asset Management Inc. Cuts Holdings in Stellus Capital Investment Co. (NYSE:SCM)

Advisors Asset Management Inc. lessened its stake in Stellus Capital Investment Co. (NYSE:SCM) by 3.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 133,092 shares of the investment management company’s stock after selling 4,525 shares during the period. Advisors Asset Management Inc. owned approximately 0.51% of Stellus Capital Investment worth $1,822,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of SCM. Millennium Management LLC grew its stake in Stellus Capital Investment by 285.2% in the 2nd quarter. Millennium Management LLC now owns 213,958 shares of the investment management company’s stock worth $2,938,000 after buying an additional 158,415 shares in the last quarter. Marshall Wace LLP purchased a new position in Stellus Capital Investment in the 2nd quarter worth approximately $1,302,000. Condor Capital Management grew its stake in Stellus Capital Investment by 47.1% in the 2nd quarter. Condor Capital Management now owns 269,416 shares of the investment management company’s stock worth $3,699,000 after buying an additional 86,323 shares in the last quarter. Magnetar Financial LLC purchased a new position in Stellus Capital Investment in the 2nd quarter worth approximately $544,000. Finally, BCR Wealth Strategies LLC bought a new stake in shares of Stellus Capital Investment in the 2nd quarter worth approximately $368,000. Hedge funds and other institutional investors own 13.22% of the company’s stock.

Stellus Capital Investment Trading Up 0.1 %

Shares of SCM opened at $13.81 on Monday. The firm has a market cap of $373.70 million, a price-to-earnings ratio of 7.05 and a beta of 1.15. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.29 and a current ratio of 0.29. Stellus Capital Investment Co. has a fifty-two week low of $12.48 and a fifty-two week high of $14.68. The firm has a 50 day moving average price of $13.89 and a 200-day moving average price of $13.89.

Stellus Capital Investment Dividend Announcement

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

Stellus Capital Investment Company 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.