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

30 Jun 2024, 18:32 by Jessica Moore · The Cerbat Gem

Stellus Capital Investment Co. (NYSE:SCM – Get Free Report) was the target of a significant decline in short interest in the month of June. As of June 15th, there was short interest totalling 117,500 shares, a decline of 53.9% from the May 31st total of 254,700 shares. Based on an average daily trading volume, of 155,200 shares, the short-interest ratio is presently 0.8 days.

Stellus Capital Investment Price Performance

Shares of Stellus Capital Investment stock traded up $0.15 during trading on Friday, reaching $13.73. 93,170 shares of the company’s stock were exchanged, compared to its average volume of 130,202. The firm’s 50-day moving average price is $13.95 and its 200 day moving average price is $13.35. The company has a market cap of $331.30 million, a P/E ratio of 12.71 and a beta of 1.15. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.31 and a current ratio of 0.31. Stellus Capital Investment has a 1-year low of $12.19 and a 1-year high of $15.40.

Stellus Capital Investment (NYSE:SCM – Get Free Report) last posted its earnings results on Thursday, May 9th. The investment management company reported $0.44 EPS for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.02). The company had revenue of $26.00 million during the quarter, compared to the consensus estimate of $25.98 million. Stellus Capital Investment had a return on equity of 14.08% and a net margin of 24.08%. During the same period last year, the company posted $0.45 EPS. As a group, research analysts anticipate that Stellus Capital Investment will post 1.73 earnings per share for the current year.

Stellus Capital Investment Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, July 15th. Shareholders of record on Friday, June 28th will be paid a dividend of $0.1333 per share. The ex-dividend date of this dividend is Friday, June 28th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 11.65%. Stellus Capital Investment’s payout ratio is presently 148.15%.

Wall Street Analyst Weigh In

A number of research analysts recently commented on SCM shares. Oppenheimer restated a “market perform” rating and issued a $14.00 price target on shares of Stellus Capital Investment in a research report on Wednesday, March 6th. StockNews.com raised shares of Stellus Capital Investment from a “sell” rating to a “hold” rating in a report on Wednesday, March 13th. Finally, B. Riley raised shares of Stellus Capital Investment from a “sell” rating to a “neutral” rating and upped their price target for the stock from $12.50 to $13.25 in a report on Monday, May 13th.

Check Out Our Latest Stock Report on SCM

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Virtu Financial LLC bought a new stake in Stellus Capital Investment during the 1st quarter worth $143,000. Edge Financial Advisors LLC bought a new stake in shares of Stellus Capital Investment during the first quarter worth about $160,000. Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of Stellus Capital Investment during the third quarter worth about $217,000. PEAK6 Investments LLC acquired a new position in shares of Stellus Capital Investment in the third quarter valued at approximately $265,000. Finally, Jump Financial LLC raised its holdings in Stellus Capital Investment by 5.8% in the 4th quarter. Jump Financial LLC now owns 19,600 shares of the investment management company’s stock valued at $252,000 after buying an additional 1,081 shares during the last quarter. 13.22% of the stock is currently owned by institutional investors and hedge funds.

About Stellus Capital Investment

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