Stellus Capital Investment Co. (NYSE:SCM) Short Interest Up 72.6% in February

Stellus Capital Investment Co. (NYSE:SCM) saw a significant increase in short interest during the month of February. As of February 15th, there was short interest totalling 326,800 shares, an increase of 72.6% from the January 31st total of 189,300 shares. Based on an average daily trading volume, of 142,700 shares, the short-interest ratio is currently 2.3 days.

Institutional Trading of Stellus Capital Investment

Hedge funds have recently modified their holdings of the stock. Raymond James Financial Inc. bought a new stake in Stellus Capital Investment in the 4th quarter valued at $3,328,000. Corient Private Wealth LLC raised its holdings in Stellus Capital Investment by 48.3% in the 4th quarter. Corient Private Wealth LLC now owns 171,467 shares of the investment management company’s stock valued at $2,359,000 after acquiring an additional 55,841 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. bought a new stake in Stellus Capital Investment during the fourth quarter worth about $345,000. HighTower Advisors LLC bought a new stake in shares of Stellus Capital Investment during the 4th quarter worth approximately $251,000. Finally, Aquatic Capital Management LLC bought a new position in Stellus Capital Investment in the fourth quarter valued at approximately $244,000. Institutional investors and hedge funds own 13.22% of the company’s stock.

Stellus Capital Investment Stock Performance

Shares of SCM stock traded down $0.06 during trading on Friday, reaching $15.31. 179,652 shares of the company’s stock were exchanged, compared to its average volume of 137,595. Stellus Capital Investment has a twelve month low of $12.63 and a twelve month high of $15.55. The firm’s fifty day moving average price is $14.48 and its 200-day moving average price is $14.04. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 1.15. The stock has a market capitalization of $414.23 million, a PE ratio of 7.81 and a beta of 1.12.

Stellus Capital Investment Dividend Announcement

The business also recently disclosed a dividend, which was paid on Friday, February 14th. Stockholders of record on Monday, February 3rd were given a $0.1333 dividend. This represents a dividend yield of 10.88%. The ex-dividend date was Friday, January 31st. Stellus Capital Investment’s payout ratio is presently 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.