Zacks: Analysts Expect Stellus Capital Investment Corp (NYSE:SCM) to Post $0.32 EPS
Equities research analysts expect that Stellus Capital Investment Corp (NYSE:SCM) will report earnings of $0.32 per share for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for Stellus Capital Investment’s earnings, with the lowest EPS estimate coming in at $0.31 and the highest estimate coming in at $0.33. Stellus Capital Investment reported earnings of $0.30 per share during the same quarter last year, which would indicate a positive year over year growth rate of 6.7%. The business is expected to report its next quarterly earnings results on Wednesday, August 14th.
On average, analysts expect that Stellus Capital Investment will report full year earnings of $1.33 per share for the current fiscal year, with EPS estimates ranging from $1.30 to $1.34. For the next year, analysts anticipate that the business will report earnings of $1.41 per share, with EPS estimates ranging from $1.36 to $1.45. Zacks Investment Research’s EPS averages are an average based on a survey of research analysts that cover Stellus Capital Investment.
Stellus Capital Investment (NYSE:SCM) last announced its quarterly earnings results 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 firm had revenue of $13.84 million for the quarter, compared to the consensus estimate of $14.13 million. Stellus Capital Investment had a net margin of 51.60% and a return on equity of 9.97%.
Large investors have recently bought and sold shares of the business. Janney Montgomery Scott LLC acquired a new stake in shares of Stellus Capital Investment during the fourth quarter valued at about $148,000. Oppenheimer & Co. Inc. increased its position in shares of Stellus Capital Investment by 5.1% during the first quarter. Oppenheimer & Co. Inc. now owns 40,804 shares of the investment management company’s stock valued at $577,000 after acquiring an additional 1,977 shares during the last quarter. Raymond James & Associates increased its position in shares of Stellus Capital Investment by 22.4% during the fourth quarter. Raymond James & Associates now owns 96,878 shares of the investment management company’s stock valued at $1,255,000 after acquiring an additional 17,726 shares during the last quarter. Algert Global LLC acquired a new position in shares of Stellus Capital Investment in the first quarter valued at approximately $308,000. Finally, Two Sigma Investments LP grew its holdings in shares of 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 valued at $341,000 after purchasing an additional 5,708 shares in the last quarter. 17.51% of the stock is owned by institutional investors and hedge funds.
Shares of SCM traded up $0.17 on Wednesday, hitting $13.81. 86,906 shares of the stock traded hands, compared to its average volume of 121,934. The company has a market capitalization of $258.80 million, a P/E ratio of 9.73 and a beta of 0.73. The company has a quick ratio of 0.36, a current ratio of 0.36 and a debt-to-equity ratio of 0.73. Stellus Capital Investment has a one year low of $11.65 and a one year high of $15.30.
The company also recently declared a monthly dividend, which was paid on Wednesday, May 15th. Investors of record on Tuesday, April 30th were given a dividend of $0.1133 per share. This represents a $1.36 annualized dividend and a dividend yield of 9.85%. The ex-dividend date of this dividend was Friday, April 26th. Stellus Capital Investment’s dividend payout ratio (DPR) is currently 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.
See Also: Cost of Capital
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