Brokerages predict that Stellus Capital Investment Corp (NYSE:SCM) will post $15.41 million in sales for the current quarter, according to Zacks. Three analysts have provided estimates for Stellus Capital Investment’s earnings, with the lowest sales estimate coming in at $14.54 million and the highest estimate coming in at $15.87 million. Stellus Capital Investment posted sales of $15.25 million in the same quarter last year, which suggests a positive year-over-year growth rate of 1%. The firm is expected to report its next earnings results on Wednesday, March 4th.
According to Zacks, analysts expect that Stellus Capital Investment will report full year sales of $58.93 million for the current financial year, with estimates ranging from $58.06 million to $59.39 million. For the next year, analysts anticipate that the company will report sales of $65.60 million, with estimates ranging from $63.55 million to $66.68 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that follow Stellus Capital Investment.
Stellus Capital Investment (NYSE:SCM) last announced its earnings results on Thursday, November 7th. The investment management company reported $0.31 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.31. The company had revenue of $15.52 million for the quarter, compared to analyst estimates of $14.61 million. Stellus Capital Investment had a return on equity of 9.44% and a net margin of 45.89%.
NYSE SCM traded up $0.02 on Friday, reaching $14.35. The stock had a trading volume of 65,361 shares, compared to its average volume of 108,196. The firm has a market capitalization of $271.30 million, a price-to-earnings ratio of 10.11 and a beta of 0.71. The company has a quick ratio of 0.19, a current ratio of 0.19 and a debt-to-equity ratio of 0.71. Stellus Capital Investment has a 12-month low of $11.65 and a 12-month high of $15.30. The stock has a fifty day moving average price of $14.11 and a two-hundred day moving average price of $13.83.
The firm also recently declared a dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be paid a $0.1133 dividend. The ex-dividend date of this dividend is Wednesday, November 27th. Stellus Capital Investment’s dividend payout ratio (DPR) is 95.77%.
Several large investors have recently bought and sold shares of SCM. Virtus ETF Advisers LLC acquired a new position in shares of Stellus Capital Investment in the second quarter worth $3,481,000. Acadian Asset Management LLC grew its stake in shares of Stellus Capital Investment by 205.0% in the second quarter. Acadian Asset Management LLC now owns 95,540 shares of the investment management company’s stock worth $1,321,000 after acquiring an additional 64,217 shares in the last quarter. JPMorgan Chase & Co. grew its stake in shares of Stellus Capital Investment by 81.2% in the second quarter. JPMorgan Chase & Co. now owns 43,536 shares of the investment management company’s stock worth $601,000 after acquiring an additional 19,507 shares in the last quarter. BlackRock Inc. grew its stake in shares of Stellus Capital Investment by 26.3% in the second quarter. BlackRock Inc. now owns 89,105 shares of the investment management company’s stock worth $1,232,000 after acquiring an additional 18,534 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Stellus Capital Investment in the second quarter worth $234,000. Institutional investors and hedge funds own 16.43% 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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