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) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 12,244 shares of the investment management company’s stock, valued at approximately $160,000. Edge Financial Advisors LLC owned about 0.05% of Stellus Capital Investment as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in Stellus Capital Investment during the third quarter valued at approximately $217,000. Jump Financial LLC grew its position in shares of Stellus Capital Investment by 5.8% during the 4th quarter. Jump Financial LLC now owns 19,600 shares of the investment management company’s stock valued at $252,000 after acquiring an additional 1,081 shares during the period. Trexquant Investment LP purchased a new stake in shares of Stellus Capital Investment in the 4th quarter worth $377,000. Quadrature Capital Ltd raised its holdings in Stellus Capital Investment by 64.0% in 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. Finally, Gables Capital Management Inc. lifted its position in Stellus Capital Investment by 1.2% during the fourth quarter. Gables Capital Management Inc. now owns 99,334 shares of the investment management company’s stock valued at $1,276,000 after purchasing an additional 1,135 shares in the last quarter. Institutional investors own 13.22% of the company’s stock.

Stellus Capital Investment Price Performance

Stellus Capital Investment stock traded up $0.04 during mid-day trading on Friday, hitting $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 one year low of $12.19 and a one year 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 P/E ratio of 12.84 and a beta of 1.17. The firm’s 50 day moving average is $13.93 and its 200 day moving average is $13.38.

Stellus Capital Investment (NYSE:SCM) last announced its quarterly earnings data on Thursday, May 9th. The investment management company reported $0.44 EPS for the quarter, missing the consensus estimate of $0.46 by ($0.02). Stellus Capital Investment had a net margin of 24.08% and a return on equity of 14.08%. The business had revenue of $26.00 million during the quarter, compared to analysts’ expectations of $25.98 million. During the same quarter in the previous year, the firm earned $0.45 earnings per share. On average, sell-side analysts forecast that Stellus Capital Investment Co. will post 1.73 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

SCM has been the subject of a number of analyst reports. B. Riley upgraded Stellus Capital Investment from a “sell” rating to a “neutral” rating and upped their price target for the stock from $12.50 to $13.25 in a research report on Monday, May 13th. StockNews.com raised shares of Stellus Capital Investment from a “sell” rating to a “hold” rating in a report on Wednesday, March 13th.

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.