Stellus Capital Investment Corp (SCM) Expected to Post Earnings of $0.33 Per Share
Equities analysts expect Stellus Capital Investment Corp (NYSE:SCM) to post $0.33 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Stellus Capital Investment’s earnings, with the lowest EPS estimate coming in at $0.31 and the highest estimate coming in at $0.34. Stellus Capital Investment reported earnings per share of $0.30 during the same quarter last year, which suggests a positive year-over-year growth rate of 10%. The company is scheduled to report its next quarterly earnings report on Wednesday, August 14th.
According to Zacks, analysts expect that Stellus Capital Investment will report full year earnings of $1.35 per share for the current year, with EPS estimates ranging from $1.30 to $1.40. For the next year, analysts anticipate that the company will post earnings of $1.41 per share, with EPS estimates ranging from $1.36 to $1.45. Zacks’ EPS calculations are an average based on a survey of research firms that cover Stellus Capital Investment.
Stellus Capital Investment (NYSE:SCM) last issued its quarterly earnings data on Friday, May 10th. The investment management company reported $0.34 earnings per share for the quarter, missing the consensus estimate of $0.35 by ($0.01). Stellus Capital Investment had a return on equity of 10.44% and a net margin of 51.60%. The business had revenue of $13.84 million during the quarter, compared to analysts’ expectations of $14.13 million.
NYSE:SCM opened at $14.13 on Monday. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.22 and a current ratio of 0.22. Stellus Capital Investment has a 52 week low of $11.65 and a 52 week high of $15.30. The firm has a market cap of $265.88 million, a price-to-earnings ratio of 9.95 and a beta of 0.76.
The business also recently disclosed a monthly dividend, which was paid on Wednesday, May 15th. Stockholders of record on Tuesday, April 30th were paid a $0.1133 dividend. This represents a $1.36 annualized dividend and a dividend yield of 9.62%. The ex-dividend date of this dividend was Friday, April 26th. Stellus Capital Investment’s payout ratio is currently 95.77%.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Raymond James & Associates raised its stake in shares of Stellus Capital Investment by 88.5% in the first quarter. Raymond James & Associates now owns 182,641 shares of the investment management company’s stock valued at $2,584,000 after acquiring an additional 85,763 shares in the last quarter. BlackRock Inc. raised its stake in shares of Stellus Capital Investment by 3.3% in the first quarter. BlackRock Inc. now owns 70,571 shares of the investment management company’s stock valued at $999,000 after acquiring an additional 2,258 shares in the last quarter. Raymond James Financial Services Advisors Inc. acquired a new stake in shares of Stellus Capital Investment in the first quarter valued at $816,000. Sumitomo Mitsui Asset Management Company LTD raised its stake in shares of Stellus Capital Investment by 47.0% in the first quarter. Sumitomo Mitsui Asset Management Company LTD now owns 48,103 shares of the investment management company’s stock valued at $680,000 after acquiring an additional 15,375 shares in the last quarter. Finally, Oppenheimer & Co. Inc. raised its stake in shares of Stellus Capital Investment by 5.1% in the first quarter. Oppenheimer & Co. Inc. now owns 40,804 shares of the investment management company’s stock valued at $577,000 after acquiring an additional 1,977 shares in the last quarter. Institutional investors and hedge funds own 16.97% of the company’s stock.
Stellus Capital Investment Company Profile
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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