Stellus Capital Investment (NYSE:SCM) Releases Quarterly Earnings Results

Stellus Capital Investment (NYSE:SCM) announced its quarterly earnings data on Monday. The investment management company reported $0.26 EPS for the quarter, meeting the consensus estimate of $0.26, Zacks reports. The firm had revenue of $22.40 million for the quarter, compared to analyst estimates of $22.99 million. Stellus Capital Investment had a return on equity of 9.09% and a net margin of 30.66%.

Stellus Capital Investment Stock Up 0.0%

NYSE SCM opened at $7.27 on Tuesday. Stellus Capital Investment has a fifty-two week low of $6.54 and a fifty-two week high of $13.55. The stock has a market cap of $207.08 million, a PE ratio of 6.26 and a beta of 0.70. The company has a quick ratio of 0.06, a current ratio of 0.06 and a debt-to-equity ratio of 1.04. The business has a 50 day moving average price of $7.53 and a two-hundred day moving average price of $8.90.

Stellus Capital Investment Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, January 15th. Shareholders of record on Thursday, December 31st will be paid a dividend of $0.0833 per share. The ex-dividend date is Thursday, December 31st. This represents a $1.00 annualized dividend and a yield of 13.7%. Stellus Capital Investment’s dividend payout ratio is currently 98.04%.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Weiss Ratings downgraded shares of Stellus Capital Investment from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday, October 8th. Keefe, Bruyette & Woods lowered their price target on Stellus Capital Investment from $9.00 to $8.00 and set a “market perform” rating on the stock in a research note on Monday, July 20th. Finally, LADENBURG THALM/SH SH decreased their price objective on Stellus Capital Investment from $11.00 to $10.50 and set a “buy” rating on the stock in a report on Wednesday, August 12th. One research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $9.25.

About Stellus Capital Investment

Stellus Capital Investment Corporation (NYSE: SCM) is a business development company that invests in privately owned, middle-market companies. The company seeks to generate income and, to a lesser extent, capital appreciation by providing financing to businesses that may have limited access to traditional sources of capital.

Stellus primarily invests in senior secured loans and other debt investments, while also making select subordinated debt and equity investments. Its portfolio companies operate across a range of industries, and the company generally focuses on established businesses with experienced management teams and the potential for stable cash flow.

Stellus Capital Investment is externally managed by Stellus Capital Management, an investment management firm founded by Robert T.