Brokerages Expect Stellus Capital Investment Corp (SCM) to Post $0.30 EPS
Analysts expect that Stellus Capital Investment Corp (NYSE:SCM) will report $0.30 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Three analysts have provided estimates for Stellus Capital Investment’s earnings. The lowest EPS estimate is $0.28 and the highest is $0.32. Stellus Capital Investment reported earnings of $0.37 per share during the same quarter last year, which would indicate a negative year over year growth rate of 18.9%. The business is expected to announce its next quarterly earnings report on Friday, March 9th.
According to Zacks, 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 $1.21 to $1.28. For the next financial year, analysts forecast that the company will post earnings of $1.35 per share, with EPS estimates ranging from $1.33 to $1.37. Zacks Investment Research’s earnings per share calculations 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 issued its earnings results on Thursday, November 9th. The investment management company reported $0.29 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.31 by ($0.02). The firm had revenue of $9.98 million during the quarter. Stellus Capital Investment had a net margin of 57.94% and a return on equity of 9.35%.
In other Stellus Capital Investment news, Director Joshua T. Davis purchased 50,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 15th. The shares were acquired at an average price of $12.35 per share, with a total value of $617,500.00. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Robert T. Ladd purchased 78,093 shares of the company’s stock in a transaction that occurred on Thursday, November 16th. The stock was acquired at an average cost of $12.40 per share, for a total transaction of $968,353.20. The disclosure for this purchase can be found here. Over the last 90 days, insiders bought 196,686 shares of company stock valued at $2,439,120. 4.20% of the stock is currently owned by company insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in SCM. GSA Capital Partners LLP lifted its position in Stellus Capital Investment by 1.0% in the 2nd quarter. GSA Capital Partners LLP now owns 10,300 shares of the investment management company’s stock valued at $141,000 after acquiring an additional 100 shares in the last quarter. Arrowstreet Capital Limited Partnership bought a new position in Stellus Capital Investment in the 2nd quarter valued at about $155,000. Susquehanna International Group LLP bought a new position in Stellus Capital Investment in the 3rd quarter valued at about $164,000. Macquarie Group Ltd. bought a new position in Stellus Capital Investment in the 3rd quarter valued at about $188,000. Finally, Janney Montgomery Scott LLC lifted its position in Stellus Capital Investment by 26.2% in the 3rd quarter. Janney Montgomery Scott LLC now owns 21,165 shares of the investment management company’s stock valued at $289,000 after acquiring an additional 4,389 shares in the last quarter. 27.24% of the stock is currently owned by institutional investors and hedge funds.
Shares of Stellus Capital Investment (NYSE SCM) traded up $0.15 on Monday, hitting $12.69. The stock had a trading volume of 81,116 shares, compared to its average volume of 114,033. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.44 and a current ratio of 0.44. The firm has a market cap of $202.35, a P/E ratio of 7.51 and a beta of 0.53. Stellus Capital Investment has a 12 month low of $11.57 and a 12 month high of $14.82.
Stellus Capital Investment 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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