$0.32 Earnings Per Share Expected for Stellus Capital Investment Corp (NYSE:SCM) This Quarter
Wall Street brokerages expect that Stellus Capital Investment Corp (NYSE:SCM) will post earnings per share of $0.32 for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for Stellus Capital Investment’s earnings. The highest EPS estimate is $0.33 and the lowest is $0.31. Stellus Capital Investment reported earnings per share of $0.30 in the same quarter last year, which suggests a positive year over year growth rate of 6.7%. The business is expected to issue its next quarterly earnings results before the market opens on Friday, August 9th.
On average, analysts expect that Stellus Capital Investment will report full-year earnings of $1.33 per share for the current year, with EPS estimates ranging from $1.30 to $1.34. For the next year, analysts forecast that the company will report earnings of $1.41 per share, with EPS estimates ranging from $1.36 to $1.45. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Stellus Capital Investment.
Stellus Capital Investment (NYSE:SCM) last announced its quarterly earnings data on Friday, May 10th. The investment management company reported $0.34 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.35 by ($0.01). The company had revenue of $13.84 million for the quarter, compared to analysts’ expectations of $14.13 million. Stellus Capital Investment had a return on equity of 9.97% and a net margin of 51.60%.
Shares of SCM stock traded up $0.11 during trading hours on Friday, hitting $14.52. 49,277 shares of the company were exchanged, compared to its average volume of 80,807. The stock has a market cap of $274.52 million, a price-to-earnings ratio of 10.23 and a beta of 0.68. Stellus Capital Investment has a 1 year low of $11.65 and a 1 year high of $15.30. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.36 and a current ratio of 0.36. The business’s fifty day moving average price is $14.03.
The business also recently disclosed a monthly dividend, which will be paid on Thursday, August 15th. Stockholders of record on Wednesday, July 31st will be issued a dividend of $0.113 per share. The ex-dividend date of this dividend is Tuesday, July 30th. This represents a $1.36 annualized dividend and a dividend yield of 9.34%. Stellus Capital Investment’s payout ratio is currently 95.77%.
Several hedge funds have recently made changes to their positions in SCM. Raymond James & Associates lifted its holdings in shares of Stellus Capital Investment by 88.5% during the 1st quarter. Raymond James & Associates now owns 182,641 shares of the investment management company’s stock worth $2,584,000 after acquiring an additional 85,763 shares during the period. Raymond James Financial Services Advisors Inc. purchased a new position in shares of Stellus Capital Investment during the 1st quarter worth about $816,000. Acadian Asset Management LLC purchased a new position in shares of Stellus Capital Investment during the 1st quarter worth about $443,000. Algert Global LLC purchased a new position in shares of Stellus Capital Investment during the 1st quarter worth about $308,000. Finally, Sumitomo Mitsui Asset Management Company LTD lifted its holdings in shares of Stellus Capital Investment by 47.0% during the 1st quarter. Sumitomo Mitsui Asset Management Company LTD now owns 48,103 shares of the investment management company’s stock worth $680,000 after acquiring an additional 15,375 shares during the period. Institutional investors and hedge funds own 17.51% 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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