ORG Partners LLC Takes $29,000 Position in Stellus Capital Investment Co. (NYSE:SCM)

ORG Partners LLC bought a new stake in Stellus Capital Investment Co. (NYSE:SCM) during the fourth quarter, Holdings Channel reports. The institutional investor bought 2,110 shares of the investment management company’s stock, valued at approximately $29,000.

A number of other large investors also recently made changes to their positions in SCM. Farther Finance Advisors LLC increased its holdings in Stellus Capital Investment by 27.9% in the third quarter. Farther Finance Advisors LLC now owns 13,106 shares of the investment management company’s stock worth $179,000 after buying an additional 2,862 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in Stellus Capital Investment by 70.8% in the third quarter. JPMorgan Chase & Co. now owns 14,949 shares of the investment management company’s stock worth $205,000 after buying an additional 6,197 shares during the last quarter. Prime Capital Investment Advisors LLC acquired a new position in Stellus Capital Investment in the third quarter worth approximately $223,000. Paloma Partners Management Co acquired a new position in Stellus Capital Investment in the third quarter worth approximately $226,000. Finally, Concurrent Investment Advisors LLC increased its holdings in Stellus Capital Investment by 17.6% in the third quarter. Concurrent Investment Advisors LLC now owns 18,096 shares of the investment management company’s stock worth $248,000 after buying an additional 2,704 shares during the last quarter. Institutional investors and hedge funds own 13.22% of the company’s stock.

Stellus Capital Investment Trading Down 0.7 %

NYSE:SCM opened at $13.66 on Monday. The stock’s 50 day moving average price is $13.74 and its 200 day moving average price is $13.84. Stellus Capital Investment Co. has a 52 week low of $12.48 and a 52 week high of $14.68. The company has a market capitalization of $369.61 million, a P/E ratio of 6.97 and a beta of 1.12. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.29 and a current ratio of 0.29.

Stellus Capital Investment Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, April 15th. Investors of record on Saturday, March 29th will be issued a $0.1333 dividend. The ex-dividend date of this dividend is Friday, March 28th. This represents a $1.60 dividend on an annualized basis and a yield of 11.71%. Stellus Capital Investment’s dividend payout ratio is currently 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.