Equities research analysts forecast that Stellus Capital Investment Corporation (NYSE:SCM) will post $0.31 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Four analysts have made estimates for Stellus Capital Investment Corporation’s earnings, with the highest EPS estimate coming in at $0.32 and the lowest estimate coming in at $0.30. Stellus Capital Investment Corporation posted earnings per share of $0.37 in the same quarter last year, which would suggest a negative year over year growth rate of 16.2%. The company is expected to announce its next quarterly earnings report on Thursday, November 2nd.

According to Zacks, analysts expect that Stellus Capital Investment Corporation will report full-year earnings of $1.31 per share for the current year, with EPS estimates ranging from $1.28 to $1.36. For the next year, analysts anticipate that the firm will report earnings of $1.37 per share, with EPS estimates ranging from $1.30 to $1.45. Zacks’ EPS calculations are a mean average based on a survey of sell-side analysts that that provide coverage for Stellus Capital Investment Corporation.

Stellus Capital Investment Corporation (NYSE:SCM) last announced its earnings results on Thursday, August 3rd. The investment management company reported $0.32 EPS for the quarter, beating the consensus estimate of $0.31 by $0.01. Stellus Capital Investment Corporation had a return on equity of 10.06% and a net margin of 68.17%. The company had revenue of $10.39 million for the quarter, compared to analyst estimates of $9.99 million.

SCM has been the topic of a number of research reports. ValuEngine raised shares of Stellus Capital Investment Corporation from a “buy” rating to a “strong-buy” rating in a research report on Friday, June 2nd. Zacks Investment Research lowered shares of Stellus Capital Investment Corporation from a “hold” rating to a “sell” rating in a research report on Saturday, May 13th. Finally, Keefe, Bruyette & Woods set a $15.00 target price on shares of Stellus Capital Investment Corporation and gave the stock a “hold” rating in a research report on Wednesday, May 31st. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Stellus Capital Investment Corporation currently has a consensus rating of “Buy” and a consensus target price of $14.00.

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In other Stellus Capital Investment Corporation news, insider Robert T. Ladd acquired 14,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 13th. The shares were bought at an average cost of $13.43 per share, with a total value of $188,020.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Dean D’angelo acquired 6,500 shares of the business’s stock in a transaction that occurred on Tuesday, June 13th. The shares were acquired at an average cost of $13.35 per share, for a total transaction of $86,775.00. The disclosure for this purchase can be found here. Over the last three months, insiders have purchased 29,400 shares of company stock worth $392,618. 4.20% of the stock is currently owned by corporate insiders.

A number of institutional investors have recently modified their holdings of the stock. GSA Capital Partners LLP raised its position in shares of Stellus Capital Investment Corporation by 1.0% in the second quarter. GSA Capital Partners LLP now owns 10,300 shares of the investment management company’s stock valued at $141,000 after buying an additional 100 shares during the last quarter. Sanders Morris Harris LLC raised its position in shares of Stellus Capital Investment Corporation by 1.8% in the second quarter. Sanders Morris Harris LLC now owns 13,776 shares of the investment management company’s stock valued at $189,000 after buying an additional 239 shares during the last quarter. Janney Montgomery Scott LLC raised its position in shares of Stellus Capital Investment Corporation by 5.9% in the second quarter. Janney Montgomery Scott LLC now owns 16,776 shares of the investment management company’s stock valued at $230,000 after buying an additional 934 shares during the last quarter. Oppenheimer & Co. Inc. raised its position in shares of Stellus Capital Investment Corporation by 5.1% in the second quarter. Oppenheimer & Co. Inc. now owns 31,095 shares of the investment management company’s stock valued at $426,000 after buying an additional 1,500 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. raised its position in shares of Stellus Capital Investment Corporation by 7.4% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 35,593 shares of the investment management company’s stock valued at $488,000 after buying an additional 2,460 shares during the last quarter. 24.13% of the stock is currently owned by institutional investors.

Shares of Stellus Capital Investment Corporation (SCM) traded up 0.44% on Tuesday, reaching $13.72. The company’s stock had a trading volume of 53,076 shares. The company’s 50 day moving average price is $13.64 and its 200 day moving average price is $13.91. Stellus Capital Investment Corporation has a 12-month low of $10.22 and a 12-month high of $14.82.

The business also recently announced a monthly dividend, which will be paid on Friday, September 15th. Stockholders of record on Thursday, August 31st will be given a dividend of $0.1133 per share. This represents a $1.36 dividend on an annualized basis and a dividend yield of 9.91%. The ex-dividend date is Tuesday, August 29th. Stellus Capital Investment Corporation’s dividend payout ratio (DPR) is presently 64.15%.

Stellus Capital Investment Corporation Company Profile

Stellus Capital Investment Corporation is a closed-end, non-diversified management investment company. The Company originates and invests primarily in private middle-market companies through first lien, second lien, unitranche and mezzanine debt financing, with corresponding equity co-investments. The Company’s investment objective is to maximize the total return to its stockholders in the form of current income and capital appreciation.

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