Short Interest in Stellus Capital Investment Co. (NYSE:SCM) Declines By 21.9%

Stellus Capital Investment Co. (NYSE:SCM) saw a significant drop in short interest during the month of December. As of December 15th, there was short interest totalling 149,400 shares, a drop of 21.9% from the November 30th total of 191,200 shares. Based on an average daily trading volume, of 148,700 shares, the days-to-cover ratio is currently 1.0 days.

Stellus Capital Investment Trading Up 0.4 %

Shares of Stellus Capital Investment stock traded up $0.05 during trading on Friday, hitting $13.75. The stock had a trading volume of 90,775 shares, compared to its average volume of 141,311. The stock has a market cap of $372.05 million, a PE ratio of 7.02 and a beta of 1.12. Stellus Capital Investment has a 12 month low of $12.48 and a 12 month high of $14.68. The firm’s fifty day simple moving average is $13.82 and its 200-day simple moving average is $13.84. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.29 and a quick ratio of 0.29.

Stellus Capital Investment Dividend Announcement

The firm also recently announced a dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, November 1st were given a dividend of $0.1333 per share. The ex-dividend date was Thursday, October 31st. This represents a dividend yield of 11.3%. Stellus Capital Investment’s dividend payout ratio (DPR) is presently 81.63%.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. Magnetar Financial LLC bought a new position in shares of Stellus Capital Investment in the second quarter worth about $544,000. 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 acquiring an additional 158,415 shares in the last quarter. Condor Capital Management increased its position in shares of Stellus Capital Investment by 47.1% during the second quarter. Condor Capital Management now owns 269,416 shares of the investment management company’s stock worth $3,699,000 after acquiring an additional 86,323 shares during the period. Marshall Wace LLP bought a new stake in shares of Stellus Capital Investment during the second quarter valued at approximately $1,302,000. Finally, Raymond James & Associates boosted its holdings in shares of Stellus Capital Investment by 2.2% in the third quarter. Raymond James & Associates now owns 228,375 shares of the investment management company’s stock valued at $3,126,000 after purchasing an additional 4,859 shares during the period. Institutional investors own 13.22% of the company’s stock.

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.