Wall Street analysts expect that Stellus Capital Investment Corp (NYSE:SCM) will report earnings of $0.24 per share for the current fiscal quarter, Zacks reports. Three analysts have issued estimates for Stellus Capital Investment’s earnings, with estimates ranging from $0.21 to $0.28. Stellus Capital Investment posted earnings of $0.29 per share in the same quarter last year, which would suggest a negative year-over-year growth rate of 17.2%. The business is expected to report its next quarterly earnings report on Friday, August 14th.

On average, analysts expect that Stellus Capital Investment will report full year earnings of $0.99 per share for the current fiscal year, with EPS estimates ranging from $0.96 to $1.02. For the next financial year, analysts forecast that the business will report earnings of $1.11 per share, with EPS estimates ranging from $1.01 to $1.20. Zacks Investment Research’s EPS averages are an average based on a survey of analysts that follow Stellus Capital Investment.

Stellus Capital Investment (NYSE:SCM) last announced its earnings results on Tuesday, March 3rd. The investment management company reported $0.36 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.32 by $0.04. The company had revenue of $15.39 million during the quarter, compared to the consensus estimate of $15.41 million. Stellus Capital Investment had a net margin of 44.88% and a return on equity of 8.74%.

Several equities research analysts have weighed in on SCM shares. Oppenheimer restated a “hold” rating on shares of Stellus Capital Investment in a research note on Wednesday. Zacks Investment Research downgraded shares of Stellus Capital Investment from a “hold” rating to a “sell” rating in a research note on Friday, May 8th. National Securities started coverage on shares of Stellus Capital Investment in a research note on Wednesday, May 6th. They issued a “neutral” rating and a $8.00 target price for the company. Janney Montgomery Scott downgraded shares of Stellus Capital Investment from a “buy” rating to a “neutral” rating in a research note on Wednesday, April 1st. Finally, ValuEngine cut shares of Stellus Capital Investment from a “hold” rating to a “sell” rating in a report on Thursday, April 2nd. Two equities research analysts have rated the stock with a sell rating and four have assigned a hold rating to the company. Stellus Capital Investment currently has a consensus rating of “Hold” and an average target price of $12.00.

In other Stellus Capital Investment news, CEO Robert T. Ladd bought 10,000 shares of Stellus Capital Investment stock in a transaction that occurred on Thursday, March 12th. The stock was purchased at an average price of $8.61 per share, with a total value of $86,100.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director J Tim Arnoult bought 20,000 shares of Stellus Capital Investment stock in a transaction that occurred on Monday, March 23rd. The shares were acquired at an average cost of $5.18 per share, with a total value of $103,600.00. Following the acquisition, the director now owns 165,022 shares of the company’s stock, valued at $854,813.96. The disclosure for this purchase can be found here. In the last ninety days, insiders acquired 121,079 shares of company stock valued at $912,362. Corporate insiders own 5.41% of the company’s stock.

Institutional investors have recently modified their holdings of the stock. Stifel Financial Corp purchased a new position in shares of Stellus Capital Investment during the third quarter worth $144,000. Ladenburg Thalmann Financial Services Inc. raised its holdings in shares of Stellus Capital Investment by 4.3% during the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 42,449 shares of the investment management company’s stock worth $604,000 after purchasing an additional 1,736 shares during the last quarter. Raymond James & Associates raised its holdings in shares of Stellus Capital Investment by 53.0% during the first quarter. Raymond James & Associates now owns 153,035 shares of the investment management company’s stock worth $1,116,000 after purchasing an additional 53,022 shares during the last quarter. Confluence Investment Management LLC raised its holdings in shares of Stellus Capital Investment by 3.2% during the first quarter. Confluence Investment Management LLC now owns 464,649 shares of the investment management company’s stock worth $3,387,000 after purchasing an additional 14,253 shares during the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. purchased a new position in shares of Stellus Capital Investment during the first quarter worth $893,000. 16.07% of the stock is owned by hedge funds and other institutional investors.

Shares of SCM opened at $6.70 on Thursday. The company has a market cap of $130.48 million, a price-to-earnings ratio of 4.56 and a beta of 1.17. Stellus Capital Investment has a twelve month low of $4.10 and a twelve month high of $15.04. The company has a quick ratio of 0.12, a current ratio of 0.12 and a debt-to-equity ratio of 0.76. The company has a 50 day moving average of $7.44 and a two-hundred day moving average of $12.04.

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.

Further Reading: Limitations of the P/E Growth ratio

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Earnings History and Estimates for Stellus Capital Investment (NYSE:SCM)

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