Brokerages predict that Stellus Capital Investment Corporation (NYSE:SCM) will announce $10.06 million in sales for the current fiscal quarter, Zacks reports. Four analysts have made estimates for Stellus Capital Investment Corporation’s earnings, with the lowest sales estimate coming in at $10.00 million and the highest estimate coming in at $10.11 million. Stellus Capital Investment Corporation posted sales of $10.20 million during the same quarter last year, which would indicate a negative year-over-year growth rate of 1.4%. The company is scheduled to report its next quarterly earnings results after the market closes on Thursday, November 9th.

On average, analysts expect that Stellus Capital Investment Corporation will report full-year sales of $10.06 million for the current fiscal year, with estimates ranging from $40.69 million to $41.55 million. For the next financial year, analysts forecast that the company will post sales of $46.19 million per share, with estimates ranging from $43.71 million to $49.23 million. Zacks’ sales averages are a mean average based on a survey of analysts that cover Stellus Capital Investment Corporation.

Stellus Capital Investment Corporation (NYSE:SCM) last posted its quarterly earnings data on Thursday, August 3rd. The investment management company reported $0.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.31 by $0.01. Stellus Capital Investment Corporation had a net margin of 68.17% and a return on equity of 10.06%. The company had revenue of $10.39 million for the quarter, compared to the consensus estimate of $9.99 million.

Several brokerages have weighed in on SCM. Zacks Investment Research cut shares of Stellus Capital Investment Corporation from a “hold” rating to a “sell” rating in a research note on Wednesday, July 12th. ValuEngine cut shares of Stellus Capital Investment Corporation from a “strong-buy” rating to a “buy” rating in a research note on Thursday, August 10th. Finally, Ladenburg Thalmann Financial Services began coverage on shares of Stellus Capital Investment Corporation in a research note on Monday, September 25th. They issued a “buy” rating and a $14.50 price objective for the company. Two research analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $14.83.

In other news, Director Dean D’angelo bought 5,000 shares of the firm’s stock in a transaction on Thursday, September 14th. The shares were purchased at an average cost of $13.49 per share, with a total value of $67,450.00. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Robert T. Ladd bought 14,000 shares of the firm’s stock in a transaction on Monday, September 11th. The stock was purchased at an average cost of $13.33 per share, for a total transaction of $186,620.00. The disclosure for this purchase can be found here. 4.20% of the stock is owned by company insiders.

A number of hedge funds have recently added to or reduced their stakes in the business. Dynamic Technology Lab Private Ltd bought a new position in Stellus Capital Investment Corporation in the 2nd quarter valued at about $733,000. Raymond James Financial Services Advisors Inc. increased its holdings in Stellus Capital Investment Corporation by 7.4% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 35,593 shares of the investment management company’s stock valued at $488,000 after buying an additional 2,460 shares during the period. Arrowstreet Capital Limited Partnership bought a new position in Stellus Capital Investment Corporation in the 2nd quarter valued at about $155,000. Ares Management LLC increased its holdings in Stellus Capital Investment Corporation by 77.0% in the 2nd quarter. Ares Management LLC now owns 338,937 shares of the investment management company’s stock valued at $4,646,000 after buying an additional 147,406 shares during the period. Finally, Muzinich & Co. Inc. increased its holdings in Stellus Capital Investment Corporation by 23.8% in the 2nd quarter. Muzinich & Co. Inc. now owns 707,551 shares of the investment management company’s stock valued at $9,701,000 after buying an additional 135,828 shares during the period. 26.45% of the stock is currently owned by hedge funds and other institutional investors.

Stellus Capital Investment Corporation (NYSE SCM) traded down 0.14% on Thursday, hitting $14.11. 3,166 shares of the stock traded hands. The firm’s 50 day moving average is $13.67 and its 200 day moving average is $13.80. Stellus Capital Investment Corporation has a 52 week low of $10.22 and a 52 week high of $14.82.

The company also recently announced a monthly dividend, which will be paid on Friday, January 12th. Shareholders of record on Friday, December 29th will be issued a $0.1133 dividend. This represents a $1.36 annualized dividend and a yield of 9.62%. The ex-dividend date is Thursday, December 28th. Stellus Capital Investment Corporation’s dividend payout ratio is currently 64.15%.

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About Stellus Capital Investment Corporation

Stellus Capital Investment Corporation is a closed-end, non-diversified management investment company. The Company originates and invests primarily in private middle-market companies through first lien, second lien, unitranche and mezzanine debt financing, with corresponding equity co-investments. The Company’s investment objective is to maximize the total return to its stockholders in the form of current income and capital appreciation.

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