Edge Financial Advisors LLC Makes New Investment in Stellus Capital Investment Co. (NYSE:SCM)

Edge Financial Advisors LLC purchased a new stake in shares of Stellus Capital Investment Co. (NYSE:SCM) during the 1st quarter, according to the company in its most recent filing with the SEC. The fund purchased 12,244 shares of the investment management company’s stock, valued at approximately $160,000.

A number of other hedge funds have also modified their holdings of SCM. Icon Wealth Advisors LLC acquired a new stake in shares of Stellus Capital Investment in the fourth quarter worth $1,684,000. Trexquant Investment LP acquired a new stake in Stellus Capital Investment during the 4th quarter worth about $377,000. Quadrature Capital Ltd grew its position in Stellus Capital Investment by 64.0% during the 3rd quarter. Quadrature Capital Ltd now owns 53,838 shares of the investment management company’s stock worth $732,000 after purchasing an additional 21,015 shares during the period. Advisors Asset Management Inc. raised its stake in shares of Stellus Capital Investment by 18.5% during the 3rd quarter. Advisors Asset Management Inc. now owns 119,458 shares of the investment management company’s stock valued at $1,625,000 after buying an additional 18,665 shares during the last quarter. Finally, Condor Capital Management lifted its holdings in shares of Stellus Capital Investment by 12.9% in the 4th quarter. Condor Capital Management now owns 161,872 shares of the investment management company’s stock valued at $2,080,000 after buying an additional 18,504 shares during the period. 13.22% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. StockNews.com raised Stellus Capital Investment from a “sell” rating to a “hold” rating in a report on Wednesday, March 13th. B. Riley raised shares of Stellus Capital Investment from a “sell” rating to a “neutral” rating and raised their price objective for the stock from $12.50 to $13.25 in a research note on Monday, May 13th.

Stellus Capital Investment Price Performance

Shares of Stellus Capital Investment stock traded up $0.04 during trading hours on Friday, reaching $13.91. The stock had a trading volume of 30,522 shares, compared to its average volume of 133,324. Stellus Capital Investment Co. has a twelve month low of $12.19 and a twelve month high of $15.40. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 1.30. The firm has a market capitalization of $335.59 million, a PE ratio of 12.84 and a beta of 1.17. The stock’s 50 day moving average is $13.93 and its 200 day moving average is $13.38.

Stellus Capital Investment (NYSE:SCM) last issued its quarterly earnings results on Thursday, May 9th. The investment management company reported $0.44 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.02). Stellus Capital Investment had a return on equity of 14.08% and a net margin of 24.08%. The business had revenue of $26.00 million for the quarter, compared to analysts’ expectations of $25.98 million. During the same quarter in the prior year, the company posted $0.45 EPS. Equities analysts expect that Stellus Capital Investment Co. will post 1.73 earnings per share for the current fiscal year.

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.