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

Stellus Capital Investment Co. (NYSE:SCM) was the target of a significant 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 volume of 145,300 shares, the short-interest ratio is currently 1.1 days.

Stellus Capital Investment Trading Up 0.3 %

Shares of SCM stock opened at $13.86 on Thursday. Stellus Capital Investment has a fifty-two week low of $12.48 and a fifty-two week high of $14.68. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.29 and a current ratio of 0.29. The stock has a 50 day simple moving average of $13.90 and a two-hundred day simple moving average of $13.89. The company has a market cap of $375.05 million, a P/E ratio of 7.07 and a beta of 1.15.

Stellus Capital Investment Dividend Announcement

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of SCM. Millennium Management LLC boosted its position in shares of Stellus Capital Investment by 285.2% during the 2nd quarter. Millennium Management LLC now owns 213,958 shares of the investment management company’s stock worth $2,938,000 after purchasing an additional 158,415 shares in the last quarter. Marshall Wace LLP bought a new position in Stellus Capital Investment in the second quarter worth approximately $1,302,000. Condor Capital Management grew its stake in Stellus Capital Investment by 47.1% in the second quarter. Condor Capital Management now owns 269,416 shares of the investment management company’s stock valued at $3,699,000 after acquiring an additional 86,323 shares during the period. Magnetar Financial LLC bought a new stake in shares of Stellus Capital Investment during the second quarter valued at approximately $544,000. Finally, BCR Wealth Strategies LLC bought a new stake in shares of Stellus Capital Investment during the second quarter valued at 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.