Stellus Capital Investment Corp (SCM) Expected to Announce Quarterly Sales of $14.17 Million

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%.

Separately, Zacks Investment Research downgraded Stellus Capital Investment from a “hold” rating to a “sell” rating in a research note on Tuesday, May 14th.

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.

Featured Article: Return on Equity (ROE)

Get a free copy of the Zacks research report on Stellus Capital Investment (SCM)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Stellus Capital Investment (NYSE:SCM)

Receive News & Ratings for Stellus Capital Investment Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Stellus Capital Investment and related companies with MarketBeat.com's FREE daily email newsletter.