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%.

Several analysts have recently commented on SCM shares. ValuEngine downgraded Stellus Capital Investment from a “strong-buy” rating to a “buy” rating in a research note on Friday, November 10th. Ladenburg Thalmann Financial Services started coverage on Stellus Capital Investment in a research note on Monday, September 25th. They issued a “buy” rating and a $14.50 target price for the company. Keefe, Bruyette & Woods restated a “hold” rating and issued a $14.00 target price on shares of Stellus Capital Investment in a research note on Friday, November 10th. Finally, Zacks Investment Research downgraded Stellus Capital Investment from a “hold” rating to a “sell” rating in a research note on Thursday. One research analyst has rated the stock with a sell rating, one has given a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Buy” and an average price target of $14.50.

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.

TRADEMARK VIOLATION NOTICE: This report was first reported by The Cerbat Gem and is owned by of The Cerbat Gem. If you are reading this report on another site, it was copied illegally and reposted in violation of United States & international trademark & copyright laws. The correct version of this report can be viewed at https://www.thecerbatgem.com/2018/01/15/brokerages-expect-stellus-capital-investment-corp-scm-to-post-0-30-eps.html.

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.

Get a free copy of the Zacks research report on Stellus Capital Investment (SCM)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Stock Ratings for Stellus Capital Investment Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Stellus Capital Investment and related stocks with our FREE daily email newsletter.