Equities research analysts expect Stellus Capital Investment Corp (NYSE:SCM) to report $0.33 earnings per share for the current quarter, according to Zacks Investment Research. Three analysts have provided estimates for Stellus Capital Investment’s earnings, with the highest EPS estimate coming in at $0.33 and the lowest estimate coming in at $0.32. Stellus Capital Investment reported earnings per share of $0.49 during the same quarter last year, which would indicate a negative year over year growth rate of 32.7%. The company is expected to issue its next earnings report on Wednesday, March 4th.
On average, analysts expect that Stellus Capital Investment will report full year earnings of $1.32 per share for the current year, with EPS estimates ranging from $1.32 to $1.33. For the next financial year, analysts expect that the business will post earnings of $1.34 per share, with EPS estimates ranging from $1.33 to $1.35. Zacks’ EPS calculations are a mean average based on a survey of sell-side analysts that follow Stellus Capital Investment.
Stellus Capital Investment (NYSE:SCM) last issued its quarterly earnings data on Thursday, November 7th. The investment management company reported $0.31 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.31. The firm had revenue of $15.52 million during the quarter, compared to the consensus estimate of $14.61 million. Stellus Capital Investment had a return on equity of 9.44% and a net margin of 45.89%.
Several research analysts have weighed in on the company. Oppenheimer downgraded Stellus Capital Investment from an “outperform” rating to a “market perform” rating in a report on Monday, August 12th. Zacks Investment Research upgraded Stellus Capital Investment from a “hold” rating to a “buy” rating and set a $16.00 price target for the company in a report on Thursday, December 5th. Finally, CIBC reiterated a “market perform” rating on shares of Stellus Capital Investment in a report on Monday, August 12th.
SCM traded up $0.02 during trading on Thursday, hitting $14.35. The company’s stock had a trading volume of 65,361 shares, compared to its average volume of 108,196. The firm’s 50 day moving average price is $14.11 and its 200-day moving average price is $13.83. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.19 and a quick ratio of 0.19. The stock has a market cap of $271.30 million, a PE ratio of 10.11 and a beta of 0.71. Stellus Capital Investment has a twelve month low of $11.65 and a twelve month high of $15.30.
The firm also recently declared a dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be issued a $0.1133 dividend. The ex-dividend date of this dividend is Wednesday, November 27th. Stellus Capital Investment’s dividend payout ratio (DPR) is presently 95.77%.
A number of institutional investors and hedge funds have recently modified their holdings of the business. Stifel Financial Corp acquired a new position in Stellus Capital Investment in the 3rd quarter valued at $144,000. Gables Capital Management Inc. raised its holdings in Stellus Capital Investment by 6.2% in the 3rd quarter. Gables Capital Management Inc. now owns 138,212 shares of the investment management company’s stock valued at $1,886,000 after acquiring an additional 8,114 shares during the last quarter. Confluence Investment Management LLC raised its holdings in Stellus Capital Investment by 2.5% in the 3rd quarter. Confluence Investment Management LLC now owns 480,043 shares of the investment management company’s stock valued at $6,543,000 after acquiring an additional 11,933 shares during the last quarter. BlackRock Inc. raised its holdings in Stellus Capital Investment by 26.3% in the 2nd quarter. BlackRock Inc. now owns 89,105 shares of the investment management company’s stock valued at $1,232,000 after acquiring an additional 18,534 shares during the last quarter. Finally, Virtus ETF Advisers LLC acquired a new position in Stellus Capital Investment in the 2nd quarter valued at $3,481,000. Institutional investors own 16.43% of the company’s stock.
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 seeks to invest in companies with an EBITDA between $5 million and $50 million.
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