Concurrent Investment Advisors LLC Has $226,000 Stock Position in Stellus Capital Investment Co. (NYSE:SCM)

Concurrent Investment Advisors LLC lessened its holdings in Stellus Capital Investment Co. (NYSE:SCM) by 9.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,428 shares of the investment management company’s stock after selling 1,668 shares during the period. Concurrent Investment Advisors LLC owned about 0.06% of Stellus Capital Investment worth $226,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. ORG Partners LLC purchased a new position in shares of Stellus Capital Investment during the fourth quarter valued at approximately $29,000. Farther Finance Advisors LLC lifted its stake in Stellus Capital Investment by 27.9% during the 3rd quarter. Farther Finance Advisors LLC now owns 13,106 shares of the investment management company’s stock valued at $179,000 after acquiring an additional 2,862 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in Stellus Capital Investment by 70.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 14,949 shares of the investment management company’s stock worth $205,000 after acquiring an additional 6,197 shares during the last quarter. Prime Capital Investment Advisors LLC purchased a new position in Stellus Capital Investment during the 3rd quarter worth $223,000. Finally, Paloma Partners Management Co bought a new stake in shares of Stellus Capital Investment in the 3rd quarter worth $226,000. Institutional investors own 13.22% of the company’s stock.

Stellus Capital Investment Stock Down 0.6 %

Stellus Capital Investment stock opened at $15.37 on Wednesday. Stellus Capital Investment Co. has a fifty-two week low of $12.63 and a fifty-two week high of $15.55. 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 firm’s 50-day simple moving average is $14.32 and its 200 day simple moving average is $14.00. The stock has a market cap of $415.91 million, a PE ratio of 7.84 and a beta of 1.12.

Stellus Capital Investment Announces Dividend

The firm also recently declared a dividend, which was paid on Friday, February 14th. Investors of record on Monday, February 3rd were given a dividend of $0.1333 per share. This represents a dividend yield of 10.88%. The ex-dividend date of this dividend was Friday, January 31st. Stellus Capital Investment’s payout ratio is 81.63%.

Stellus Capital Investment 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.