Wall Street brokerages expect that Stellus Capital Investment Corp (NYSE:SCM) will post $0.31 earnings per share for the current quarter, according to Zacks Investment Research. Three analysts have provided estimates for Stellus Capital Investment’s earnings. The highest EPS estimate is $0.33 and the lowest is $0.30. Stellus Capital Investment posted earnings of $0.35 per share in the same quarter last year, which suggests a negative year-over-year growth rate of 11.4%. The firm is expected to issue its next earnings results on Wednesday, November 6th.
On average, analysts expect that Stellus Capital Investment will report full year earnings of $1.26 per share for the current financial year, with EPS estimates ranging from $1.25 to $1.27. For the next financial year, analysts expect that the business will report earnings of $1.35 per share, with EPS estimates ranging from $1.33 to $1.36. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research firms that cover Stellus Capital Investment.
Stellus Capital Investment (NYSE:SCM) last issued its quarterly earnings results on Friday, August 9th. The investment management company reported $0.29 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.03). Stellus Capital Investment had a return on equity of 9.79% and a net margin of 47.43%. The business had revenue of $14.17 million during the quarter, compared to analyst estimates of $14.16 million.
A number of analysts have issued reports on SCM shares. TheStreet raised Stellus Capital Investment from a “c+” rating to a “b” rating in a research note on Wednesday, June 5th. Zacks Investment Research lowered Stellus Capital Investment from a “hold” rating to a “sell” rating in a research note on Wednesday. Oppenheimer downgraded Stellus Capital Investment from an “outperform” rating to a “market perform” rating in a report on Monday, August 12th. Finally, CIBC restated a “market perform” rating on shares of Stellus Capital Investment in a report on Monday, August 12th. One equities research analyst has rated the stock with a sell rating and three have assigned a hold rating to the company. Stellus Capital Investment has an average rating of “Hold” and a consensus target price of $15.00.
NYSE:SCM traded up $0.20 during mid-day trading on Monday, reaching $13.00. The company’s stock had a trading volume of 143,900 shares, compared to its average volume of 119,918. The company’s fifty day simple moving average is $14.06 and its two-hundred day simple moving average is $14.19. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.28 and a quick ratio of 0.36. Stellus Capital Investment has a twelve month low of $11.65 and a twelve month high of $15.30. The stock has a market cap of $245.78 million, a P/E ratio of 8.84 and a beta of 0.67.
The company also recently disclosed a dividend, which will be paid on Friday, September 13th. Stockholders of record on Friday, August 30th will be issued a $0.113 dividend. The ex-dividend date of this dividend is Thursday, August 29th. Stellus Capital Investment’s dividend payout ratio (DPR) is 95.77%.
Several institutional investors have recently added to or reduced their stakes in SCM. Oppenheimer & Co. Inc. raised its holdings in shares of Stellus Capital Investment by 5.1% during the 1st quarter. Oppenheimer & Co. Inc. now owns 40,804 shares of the investment management company’s stock valued at $577,000 after buying an additional 1,977 shares during the period. Raymond James & Associates raised its holdings in shares of Stellus Capital Investment by 88.5% during the 1st quarter. Raymond James & Associates now owns 182,641 shares of the investment management company’s stock valued at $2,584,000 after buying an additional 85,763 shares during the period. Icon Wealth Partners LLC purchased a new stake in shares of Stellus Capital Investment during the 1st quarter valued at about $42,000. Gables Capital Management Inc. raised its holdings in shares of Stellus Capital Investment by 1.6% during the 2nd quarter. Gables Capital Management Inc. now owns 130,098 shares of the investment management company’s stock valued at $1,799,000 after buying an additional 2,033 shares during the period. Finally, Algert Global LLC purchased a new stake in shares of Stellus Capital Investment during the 1st quarter valued at about $308,000. Institutional investors own 17.24% of the company’s stock.
About Stellus Capital Investment
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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