Wall Street analysts expect Stellus Capital Investment Corp (NYSE:SCM) to announce sales of $14.17 million for the current fiscal quarter, Zacks Investment Research reports. Three analysts have made estimates for Stellus Capital Investment’s earnings. The lowest sales estimate is $13.90 million and the highest is $14.33 million. Stellus Capital Investment posted sales of $12.62 million in the same quarter last year, which suggests a positive year-over-year growth rate of 12.3%. The business is scheduled to issue its next earnings results on Wednesday, August 14th.
On average, analysts expect that Stellus Capital Investment will report full-year sales of $57.70 million for the current year, with estimates ranging from $56.07 million to $58.58 million. For the next year, analysts anticipate that the company will post sales of $63.09 million, with estimates ranging from $56.89 million to $66.47 million. Zacks Investment Research’s sales averages are an average based on a survey of analysts that that provide coverage for Stellus Capital Investment.
Stellus Capital Investment (NYSE:SCM) last issued its earnings results on Friday, May 10th. The investment management company reported $0.34 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.35 by ($0.01). Stellus Capital Investment had a return on equity of 9.97% and a net margin of 51.60%. The business had revenue of $13.84 million for the quarter, compared to the consensus estimate of $14.13 million.
Separately, Zacks Investment Research downgraded Stellus Capital Investment from a “hold” rating to a “sell” rating in a research note on Tuesday.
Shares of NYSE SCM traded down $0.04 during midday trading on Wednesday, hitting $14.03. 62,586 shares of the company’s stock were exchanged, compared to its average volume of 114,085. The company has a current ratio of 0.36, a quick ratio of 0.22 and a debt-to-equity ratio of 0.73. Stellus Capital Investment has a 12 month low of $11.65 and a 12 month high of $15.30. The company has a market capitalization of $266.01 million, a P/E ratio of 9.88 and a beta of 0.76.
The firm also recently announced a monthly dividend, which was paid on Wednesday, May 15th. Stockholders of record on Tuesday, April 30th were paid a dividend of $0.1133 per share. The ex-dividend date was Friday, April 26th. This represents a $1.36 annualized dividend and a dividend yield of 9.69%. Stellus Capital Investment’s dividend payout ratio is currently 95.77%.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Ladenburg Thalmann Financial Services Inc. boosted its stake in Stellus Capital Investment by 2.1% in the 1st quarter. Ladenburg Thalmann Financial Services Inc. now owns 40,597 shares of the investment management company’s stock valued at $575,000 after purchasing an additional 845 shares during the period. Oppenheimer & Co. Inc. boosted its stake in Stellus Capital Investment by 5.1% in the 1st quarter. Oppenheimer & Co. Inc. now owns 40,804 shares of the investment management company’s stock valued at $577,000 after purchasing an additional 1,977 shares during the period. BlackRock Inc. boosted its stake in Stellus Capital Investment by 3.3% in the 1st quarter. BlackRock Inc. now owns 70,571 shares of the investment management company’s stock valued at $999,000 after purchasing an additional 2,258 shares during the period. TCG Advisors LP bought a new stake in Stellus Capital Investment in the 1st quarter valued at $35,000. Finally, Icon Wealth Partners LLC bought a new stake in Stellus Capital Investment in the 1st quarter valued at $42,000. Institutional investors and hedge funds own 16.97% of the company’s stock.
About Stellus Capital Investment
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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