Wall Street analysts predict that Stellus Capital Investment Corp (NYSE:SCM) will announce sales of $14.17 million for the current fiscal quarter, Zacks Investment Research reports. Three analysts have issued estimates for Stellus Capital Investment’s earnings, with the lowest sales estimate coming in at $13.90 million and the highest estimate coming in at $14.33 million. Stellus Capital Investment posted sales of $12.62 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 12.3%. The firm is scheduled to report 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 fiscal year, with estimates ranging from $56.07 million to $58.58 million. For the next financial year, analysts expect that the firm will report sales of $63.09 million, with estimates ranging from $56.89 million to $66.47 million. Zacks’ sales calculations are a mean average based on a survey of analysts that cover 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). The firm had revenue of $13.84 million during the quarter, compared to analyst estimates of $14.13 million. Stellus Capital Investment had a net margin of 51.60% and a return on equity of 9.97%.
Hedge funds have recently added to or reduced their stakes in the business. Janney Montgomery Scott LLC acquired a new position in Stellus Capital Investment during the 4th quarter valued at about $148,000. Sumitomo Mitsui Asset Management Company LTD acquired a new position in Stellus Capital Investment during the 4th quarter valued at about $423,000. Oppenheimer & Co. Inc. boosted its stake in Stellus Capital Investment by 5.1% during 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 last quarter. Raymond James & Associates boosted its stake in Stellus Capital Investment by 22.4% during the 4th quarter. Raymond James & Associates now owns 96,878 shares of the investment management company’s stock valued at $1,255,000 after purchasing an additional 17,726 shares during the last quarter. Finally, Algert Global LLC bought a new position in shares of Stellus Capital Investment during the 1st quarter worth approximately $308,000. Institutional investors and hedge funds own 16.97% of the company’s stock.
Shares of SCM traded up $0.03 during trading hours on Wednesday, hitting $14.21. The stock had a trading volume of 78,735 shares, compared to its average volume of 121,527. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.36 and a quick ratio of 0.22. The company has a market cap of $268.84 million, a PE ratio of 10.01 and a beta of 0.76. Stellus Capital Investment has a 1-year low of $11.65 and a 1-year high of $15.30.
The business also recently declared a monthly dividend, which was paid on Wednesday, May 15th. Shareholders of record on Tuesday, April 30th were paid a dividend of $0.1133 per share. The ex-dividend date of this dividend was Friday, April 26th. This represents a $1.36 dividend on an annualized basis and a yield of 9.57%. Stellus Capital Investment’s dividend payout ratio (DPR) is currently 95.77%.
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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