Equities analysts expect Stellus Capital Investment Co. (NYSE:SCM) to announce $0.29 earnings per share for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for Stellus Capital Investment’s earnings, with the lowest EPS estimate coming in at $0.28 and the highest estimate coming in at $0.29. Stellus Capital Investment also reported earnings of $0.29 per share during the same quarter last year. The firm is expected to announce its next quarterly earnings results on Friday, July 30th.
On average, analysts expect that Stellus Capital Investment will report full year earnings of $1.14 per share for the current financial year, with EPS estimates ranging from $1.10 to $1.17. For the next year, analysts expect that the company will report earnings of $1.17 per share, with EPS estimates ranging from $1.12 to $1.20. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research analysts that that provide coverage for Stellus Capital Investment.
Stellus Capital Investment (NYSE:SCM) last posted its earnings results on Thursday, May 6th. The investment management company reported $0.28 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.28. The company had revenue of $13.99 million for the quarter, compared to analysts’ expectations of $14.06 million. Stellus Capital Investment had a return on equity of 8.20% and a net margin of 124.71%.
Shares of NYSE SCM traded up $0.13 during midday trading on Thursday, reaching $13.17. 36,579 shares of the company traded hands, compared to its average volume of 73,696. Stellus Capital Investment has a 52 week low of $7.10 and a 52 week high of $13.75. The stock’s 50-day moving average is $13.20. The company has a current ratio of 0.20, a quick ratio of 0.20 and a debt-to-equity ratio of 1.11. The firm has a market capitalization of $256.63 million, a P/E ratio of 3.68 and a beta of 1.39.
The firm also recently declared a monthly dividend, which was paid on Friday, May 14th. Shareholders of record on Friday, April 30th were given a $0.0833 dividend. This represents a $1.00 annualized dividend and a yield of 7.59%. The ex-dividend date was Thursday, April 29th. Stellus Capital Investment’s dividend payout ratio (DPR) is presently 88.50%.
Institutional investors have recently modified their holdings of the business. Credit Agricole S A raised its position in Stellus Capital Investment by 100.0% in the first quarter. Credit Agricole S A now owns 2,000 shares of the investment management company’s stock worth $25,000 after acquiring an additional 1,000 shares in the last quarter. Montag A & Associates Inc. bought a new stake in Stellus Capital Investment in the first quarter worth about $52,000. National Asset Management Inc. purchased a new position in Stellus Capital Investment in the 4th quarter worth about $120,000. Advisory Services Network LLC increased its stake in Stellus Capital Investment by 1,833.2% in the 4th quarter. Advisory Services Network LLC now owns 15,330 shares of the investment management company’s stock worth $167,000 after purchasing an additional 14,537 shares in the last quarter. Finally, Virtus ETF Advisers LLC increased its stake in Stellus Capital Investment by 12.5% in the 1st quarter. Virtus ETF Advisers LLC now owns 20,469 shares of the investment management company’s stock worth $260,000 after purchasing an additional 2,269 shares in the last quarter. Hedge funds and other institutional investors own 17.39% 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 prefers to invest in US and Canada.
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