Equities research analysts predict that Stellus Capital Investment Corp (NYSE:SCM) will announce earnings of $0.31 per share for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Stellus Capital Investment’s earnings. The lowest EPS estimate is $0.30 and the highest is $0.33. Stellus Capital Investment reported earnings per share of $0.35 in the same quarter last year, which suggests a negative year-over-year growth rate of 11.4%. The business is expected to announce its next quarterly earnings report 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 year, with EPS estimates ranging from $1.25 to $1.27. For the next financial year, analysts anticipate that the firm will post earnings of $1.35 per share, with EPS estimates ranging from $1.33 to $1.36. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research firms that that provide coverage for Stellus Capital Investment.
Stellus Capital Investment (NYSE:SCM) last posted its quarterly earnings results on Friday, August 9th. The investment management company reported $0.29 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.32 by ($0.03). Stellus Capital Investment had a net margin of 47.43% and a return on equity of 9.79%. The company had revenue of $14.17 million for the quarter, compared to the consensus estimate of $14.16 million.
Several analysts have recently weighed in on the stock. Oppenheimer downgraded shares of Stellus Capital Investment from an “outperform” rating to a “market perform” rating in a research note on Monday, August 12th. CIBC reaffirmed a “market perform” rating on shares of Stellus Capital Investment in a research note on Monday, August 12th. Zacks Investment Research downgraded shares of Stellus Capital Investment from a “hold” rating to a “sell” rating in a research note on Wednesday, August 14th. Finally, TheStreet raised shares of Stellus Capital Investment from a “c+” rating to a “b” rating in a research note on Wednesday, June 5th. One research analyst has rated the stock with a sell rating and three have given a hold rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $15.00.
Shares of Stellus Capital Investment stock traded up $0.20 on Monday, hitting $13.20. 104,442 shares of the company traded hands, compared to its average volume of 118,223. The stock’s 50 day moving average price is $14.06 and its 200-day moving average price is $14.19. The company has a current ratio of 0.28, a quick ratio of 0.36 and a debt-to-equity ratio of 0.72. Stellus Capital Investment has a 52 week low of $11.65 and a 52 week high of $15.30. The company has a market cap of $242.00 million, a PE ratio of 9.30 and a beta of 0.67.
The business also recently declared a dividend, which will be paid on Friday, September 13th. Stockholders of record on Friday, August 30th will be paid a dividend of $0.113 per share. The ex-dividend date of this dividend is Thursday, August 29th. Stellus Capital Investment’s dividend payout ratio is presently 95.77%.
Several institutional investors have recently bought and sold shares of SCM. TCG Advisors LP bought a new position in Stellus Capital Investment in the first quarter worth approximately $35,000. Icon Wealth Partners LLC bought a new position in Stellus Capital Investment in the first quarter worth approximately $42,000. NEXT Financial Group Inc bought a new position in Stellus Capital Investment in the second quarter worth approximately $41,000. Eagle Global Advisors LLC bought a new position in Stellus Capital Investment in the second quarter worth approximately $177,000. Finally, Resources Investment Advisors LLC. bought a new position in Stellus Capital Investment in the second quarter worth approximately $201,000. 19.13% of the stock is owned by hedge funds and other institutional investors.
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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