Equities analysts predict that Stellus Capital Investment Corp (NYSE:SCM) will post sales of $13.04 million for the current quarter, according to Zacks. Three analysts have made estimates for Stellus Capital Investment’s earnings, with the highest sales estimate coming in at $13.28 million and the lowest estimate coming in at $12.85 million. Stellus Capital Investment posted sales of $9.98 million in the same quarter last year, which suggests a positive year over year growth rate of 30.7%. The firm is expected to issue its next earnings report on Thursday, November 8th.
On average, analysts expect that Stellus Capital Investment will report full year sales of $51.06 million for the current financial year, with estimates ranging from $50.40 million to $51.41 million. For the next year, analysts anticipate that the firm will post sales of $56.54 million per share, with estimates ranging from $53.57 million to $60.06 million. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that follow Stellus Capital Investment.
Stellus Capital Investment (NYSE:SCM) last issued its quarterly earnings results on Wednesday, August 8th. The investment management company reported $0.30 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.31 by ($0.01). The company had revenue of $12.62 million for the quarter, compared to analysts’ expectations of $12.21 million. Stellus Capital Investment had a return on equity of 8.20% and a net margin of 59.39%.
In related news, insider Robert T. Ladd acquired 15,000 shares of the company’s stock in a transaction dated Friday, June 1st. The stock was bought at an average cost of $12.75 per share, with a total value of $191,250.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders have bought a total of 28,000 shares of company stock valued at $357,010 over the last ninety days. 5.40% of the stock is currently owned by insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. LPL Financial LLC purchased a new position in Stellus Capital Investment in the 1st quarter worth $138,000. Stephens Inc. AR purchased a new position in Stellus Capital Investment in the 2nd quarter worth $257,000. Oppenheimer & Co. Inc. raised its position in Stellus Capital Investment by 29.1% in the 1st quarter. Oppenheimer & Co. Inc. now owns 38,563 shares of the investment management company’s stock worth $444,000 after purchasing an additional 8,685 shares during the period. BlackRock Inc. raised its position in Stellus Capital Investment by 9.5% in the 4th quarter. BlackRock Inc. now owns 101,800 shares of the investment management company’s stock worth $1,338,000 after purchasing an additional 8,800 shares during the period. Finally, Gables Capital Management Inc. purchased a new position in shares of Stellus Capital Investment in the first quarter valued at about $1,532,000. 24.70% of the stock is owned by institutional investors.
Stellus Capital Investment opened at $13.60 on Friday, according to MarketBeat.com. The company has a market capitalization of $212.98 million, a P/E ratio of 11.24 and a beta of 0.55. Stellus Capital Investment has a 12 month low of $11.07 and a 12 month high of $14.29. The company has a quick ratio of 0.42, a current ratio of 0.42 and a debt-to-equity ratio of 0.61.
The business also recently disclosed a monthly dividend, which will be paid on Friday, September 14th. Stockholders of record on Friday, August 31st will be issued a dividend of $0.1133 per share. This represents a $1.36 dividend on an annualized basis and a dividend yield of 10.00%. The ex-dividend date is Thursday, August 30th. Stellus Capital Investment’s dividend payout ratio is currently 112.40%.
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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