Brokerages expect that Stellus Capital Investment Corp (NYSE:SCM) will report $0.31 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for Stellus Capital Investment’s earnings, with the lowest EPS estimate coming in at $0.30 and the highest estimate coming in at $0.31. Stellus Capital Investment posted earnings of $0.32 per share in the same quarter last year, which would suggest a negative year-over-year growth rate of 3.1%. The firm is scheduled to announce its next quarterly earnings report on Thursday, August 2nd.
According to Zacks, analysts expect that Stellus Capital Investment will report full year earnings of $1.28 per share for the current financial year, with EPS estimates ranging from $1.26 to $1.30. For the next fiscal year, analysts forecast that the company will report earnings of $1.44 per share, with EPS estimates ranging from $1.40 to $1.47. Zacks’ EPS calculations are a mean average based on a survey of analysts that that provide coverage for Stellus Capital Investment.
Stellus Capital Investment (NYSE:SCM) last posted its quarterly earnings results on Tuesday, May 8th. The investment management company reported $0.28 EPS for the quarter, missing the Zacks’ consensus estimate of $0.31 by ($0.03). The firm had revenue of $10.91 million during the quarter, compared to analyst estimates of $10.68 million. Stellus Capital Investment had a return on equity of 8.33% and a net margin of 58.81%.
A number of equities analysts have issued reports on SCM shares. ValuEngine cut shares of Stellus Capital Investment from a “buy” rating to a “hold” rating in a report on Wednesday, May 2nd. Zacks Investment Research raised shares of Stellus Capital Investment from a “sell” rating to a “hold” rating in a report on Wednesday, May 9th. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and issued a $13.00 target price on shares of Stellus Capital Investment in a report on Tuesday, March 6th.
Stellus Capital Investment traded up $0.18, reaching $13.34, during mid-day trading on Monday, MarketBeat.com reports. The stock had a trading volume of 75,299 shares, compared to its average volume of 106,409. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.42 and a current ratio of 0.42. Stellus Capital Investment has a 1-year low of $11.07 and a 1-year high of $14.29. The company has a market capitalization of $209.95 million, a price-to-earnings ratio of 11.02 and a beta of 0.51.
The firm also recently announced a monthly dividend, which was paid on Friday, June 15th. Shareholders of record on Thursday, May 31st were issued a $0.1133 dividend. The ex-dividend date was Wednesday, May 30th. This represents a $1.36 dividend on an annualized basis and a yield of 10.19%. Stellus Capital Investment’s dividend payout ratio is currently 112.40%.
In other Stellus Capital Investment news, CEO Robert T. Ladd bought 3,000 shares of the business’s stock in a transaction on Friday, June 1st. The shares were purchased at an average price of $12.62 per share, with a total value of $37,860.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders acquired 28,000 shares of company stock worth $357,010 in the last three months. 5.40% of the stock is currently owned by corporate insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of SCM. LPL Financial LLC bought a new position in Stellus Capital Investment in the first quarter worth about $138,000. Oppenheimer & Co. Inc. lifted its holdings in Stellus Capital Investment by 29.1% in the first quarter. Oppenheimer & Co. Inc. now owns 38,563 shares of the investment management company’s stock worth $444,000 after acquiring an additional 8,685 shares during the last quarter. AXA lifted its holdings in Stellus Capital Investment by 253.8% in the fourth quarter. AXA now owns 46,700 shares of the investment management company’s stock worth $614,000 after acquiring an additional 33,500 shares during the last quarter. Two Sigma Investments LP lifted its holdings in Stellus Capital Investment by 18.4% in the fourth quarter. Two Sigma Investments LP now owns 70,220 shares of the investment management company’s stock worth $923,000 after acquiring an additional 10,922 shares during the last quarter. Finally, BlackRock Inc. lifted its holdings in Stellus Capital Investment by 9.5% in the fourth quarter. BlackRock Inc. now owns 101,800 shares of the investment management company’s stock worth $1,338,000 after acquiring an additional 8,800 shares during the last quarter. 25.36% of the stock is currently owned by hedge funds and other institutional investors.
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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