Stellus Capital Investment Co. (NYSE:SCM) Stock Holdings Trimmed by Icon Wealth Advisors LLC

Icon Wealth Advisors LLC lowered its holdings in shares of Stellus Capital Investment Co. (NYSE:SCM) by 97.0% during the 3rd quarter, Holdings Channel reports. The fund owned 3,973 shares of the investment management company’s stock after selling 127,484 shares during the period. Icon Wealth Advisors LLC’s holdings in Stellus Capital Investment were worth $54,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently added to or reduced their stakes in SCM. Condor Capital Management increased its position in shares of Stellus Capital Investment by 47.1% during the 2nd quarter. Condor Capital Management now owns 269,416 shares of the investment management company’s stock valued at $3,699,000 after purchasing an additional 86,323 shares during the period. Raymond James & Associates grew its holdings in shares of Stellus Capital Investment by 2.2% in the 3rd quarter. Raymond James & Associates now owns 228,375 shares of the investment management company’s stock worth $3,126,000 after acquiring an additional 4,859 shares during the last quarter. Millennium Management LLC grew its holdings in shares of 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 during the last quarter. Marshall Wace LLP acquired a new position in shares of Stellus Capital Investment in the 2nd quarter worth $1,302,000. Finally, PFG Investments LLC grew its holdings in shares of Stellus Capital Investment by 1.3% in the 3rd quarter. PFG Investments LLC now owns 62,954 shares of the investment management company’s stock worth $862,000 after acquiring an additional 792 shares during the last quarter. Institutional investors own 13.22% of the company’s stock.

Stellus Capital Investment Stock Performance

Shares of NYSE SCM opened at $13.81 on Monday. 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 $373.70 million, a price-to-earnings ratio of 7.05 and a beta of 1.15. The stock’s fifty day simple moving average is $13.89 and its 200 day simple moving average is $13.89. Stellus Capital Investment Co. has a 52-week low of $12.48 and a 52-week high of $14.68.

Stellus Capital Investment Dividend Announcement

The company also recently disclosed a dividend, which was paid on Friday, November 15th. Investors 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 yield of 11.3%. Stellus Capital Investment’s payout ratio is 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.