Wall Street brokerages expect that Stellus Capital Investment Corp (NYSE:SCM) will announce sales of $14.15 million for the current quarter, Zacks Investment Research reports. Three analysts have provided estimates for Stellus Capital Investment’s earnings. The lowest sales estimate is $13.76 million and the highest is $14.36 million. Stellus Capital Investment posted sales of $10.91 million during the same quarter last year, which suggests a positive year over year growth rate of 29.7%. The company is scheduled to announce its next quarterly earnings report before the market opens on Friday, May 10th.
On average, analysts expect that Stellus Capital Investment will report full year sales of $58.85 million for the current financial year, with estimates ranging from $56.07 million to $60.42 million. For the next year, analysts forecast that the business will post sales of $62.55 million, with estimates ranging from $56.89 million to $65.99 million. Zacks’ sales calculations are a mean average based on a survey of research analysts that follow Stellus Capital Investment.
Stellus Capital Investment (NYSE:SCM) last posted its quarterly earnings results on Wednesday, March 6th. The investment management company reported $0.49 EPS for the quarter, topping the Zacks’ consensus estimate of $0.37 by $0.12. The firm had revenue of $15.25 million for the quarter, compared to analysts’ expectations of $14.02 million. Stellus Capital Investment had a net margin of 49.18% and a return on equity of 10.02%.
A number of large investors have recently added to or reduced their stakes in the stock. Two Sigma Investments LP lifted its stake in Stellus Capital Investment by 27.7% in the fourth quarter. Two Sigma Investments LP now owns 26,334 shares of the investment management company’s stock worth $341,000 after acquiring an additional 5,708 shares during the period. Raymond James & Associates lifted its stake in Stellus Capital Investment by 22.4% in the fourth quarter. Raymond James & Associates now owns 96,878 shares of the investment management company’s stock worth $1,255,000 after acquiring an additional 17,726 shares during the period. Janney Montgomery Scott LLC purchased a new stake in Stellus Capital Investment in the fourth quarter worth about $148,000. Finally, Sumitomo Mitsui Asset Management Company LTD purchased a new stake in Stellus Capital Investment in the fourth quarter worth about $423,000. 19.05% of the stock is owned by institutional investors.
NYSE:SCM opened at $14.28 on Monday. Stellus Capital Investment has a 1-year low of $11.65 and a 1-year high of $15.30. The stock has a market capitalization of $267.09 million, a P/E ratio of 10.06 and a beta of 0.77. The company has a quick ratio of 0.22, a current ratio of 0.22 and a debt-to-equity ratio of 0.86.
The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, May 15th. Investors of record on Tuesday, April 30th will be paid a $0.1133 dividend. This represents a $1.36 dividend on an annualized basis and a yield of 9.52%. The ex-dividend date of this dividend is Friday, April 26th. Stellus Capital Investment’s dividend payout ratio (DPR) is presently 95.77%.
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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