Director Bruce R. Bilger buys $397,491 of Stellus Capital Investment Corp (SCM)

Bruce R. Bilger, director of Stellus Capital Investment Corp, bought 45,490 shares on the open market on March 13, 2026 at an average of $8.74 a share, for a total of $397,491. The purchase was reported to the SEC on Form 4 on March 17, 2026.

It raised their holding by 25%, to 228,055 shares.

The purchase came after a fall: Stellus Capital Investment Corp stock was down 30.9% over the 13 weeks before.

2 other insiders also bought at least $10,000 of SCM within 30 days, which makes this a cluster buy.

In the 12 months up to this filing, Stellus Capital Investment Corp insiders reported 4 open-market purchases and 0 sales.

WallStPal Score: 62 out of 100, because of raised their holding by 25%; 2 other insiders also bought; the stock had fallen 30.9% in the 13 weeks before.

What happened next: after 1 month the stock was up 5.1% (7.6 points better than the S&P 500); after 3 months the stock was up 1.3% (8.4 points worse than the S&P 500); after 6 months the stock was down 3.9% (18.4 points worse than the S&P 500). Based on weekly prices from the week of the purchase.

Our read

This one purchase is 52% of all insider buying at SCM in the past year, the first open-market purchase by Bruce R. Bilger in our records, made after a 30.9% fall in 13 weeks, a setup where insider buying has historically mattered most. It is worth reading next to the company's own results and news before drawing conclusions.

Source: SEC Form 4 filing ↗. This story was written automatically from the filing and weekly price data. Information, not investment advice.

Examples

Big insider purchases have made news before. In January 2016, with bank stocks falling, JPMorgan Chase CEO Jamie Dimon bought 500,000 JPMorgan shares, about $26 million of his own money, and the purchase was widely reported as a sign of confidence.

Explain it like I'm 13

Bruce R. Bilger helps run Stellus Capital Investment Corp. Spending $397,491 of their own money on the company's stock is like a coach buying a big stack of tickets to their own team's games: it suggests they think the team will do well. It is not a promise, and insiders can be wrong.

More: all SCM insider trades · Bruce R. Bilger's track record