Zacks: Brokerages Expect Stellus Capital Investment Co. (NYSE:SCM) Will Post Earnings of $0.29 Per Share

Equities research analysts expect Stellus Capital Investment Co. (NYSE:SCM) to report $0.29 earnings per share (EPS) for the current quarter, Zacks reports. Two analysts have made estimates for Stellus Capital Investment’s earnings. The lowest EPS estimate is $0.28 and the highest is $0.29. Stellus Capital Investment also posted earnings per share of $0.29 during the same quarter last year. The company is expected to issue its next earnings results on Friday, July 30th.

According to Zacks, analysts expect that Stellus Capital Investment will report full-year earnings of $1.14 per share for the current year, with EPS estimates ranging from $1.10 to $1.17. For the next year, analysts forecast that the company will report earnings of $1.17 per share, with EPS estimates ranging from $1.12 to $1.20. Zacks’ EPS calculations are a mean average based on a survey of sell-side research analysts that cover Stellus Capital Investment.

Stellus Capital Investment (NYSE:SCM) last posted its earnings results on Thursday, May 6th. The investment management company reported $0.28 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.28. Stellus Capital Investment had a return on equity of 9.70% and a net margin of 8.91%.

SCM has been the subject of a number of recent research reports. Raymond James increased their target price on Stellus Capital Investment from $12.00 to $14.00 and gave the company an “outperform” rating in a research note on Monday, March 15th. Zacks Investment Research lowered Stellus Capital Investment from a “buy” rating to a “hold” rating in a research note on Wednesday, May 5th. Two equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $14.00.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Montag A & Associates Inc. acquired a new stake in Stellus Capital Investment during the 1st quarter valued at approximately $52,000. Cliffwater LLC grew its stake in Stellus Capital Investment by 7.2% during the 1st quarter. Cliffwater LLC now owns 257,380 shares of the investment management company’s stock valued at $3,433,000 after purchasing an additional 17,205 shares in the last quarter. Rockefeller Capital Management L.P. grew its stake in Stellus Capital Investment by 9.3% during the 1st quarter. Rockefeller Capital Management L.P. now owns 45,949 shares of the investment management company’s stock valued at $583,000 after purchasing an additional 3,928 shares in the last quarter. Advisors Asset Management Inc. grew its stake in Stellus Capital Investment by 3.7% during the 1st quarter. Advisors Asset Management Inc. now owns 237,280 shares of the investment management company’s stock valued at $3,013,000 after purchasing an additional 8,561 shares in the last quarter. Finally, Eagle Global Advisors LLC bought a new position in Stellus Capital Investment during the 1st quarter worth approximately $266,000. Hedge funds and other institutional investors own 15.64% of the company’s stock.

Shares of SCM stock traded up $0.19 during trading hours on Tuesday, reaching $12.94. The company had a trading volume of 70,338 shares, compared to its average volume of 76,484. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.22 and a current ratio of 0.22. Stellus Capital Investment has a twelve month low of $6.35 and a twelve month high of $13.75. The company has a market capitalization of $252.15 million, a P/E ratio of 51.76 and a beta of 1.41. The stock’s fifty day simple moving average is $13.21 and its 200 day simple moving average is $11.49.

The firm also recently disclosed a monthly dividend, which was paid on Friday, May 14th. Shareholders of record on Friday, April 30th were paid a dividend of $0.0833 per share. The ex-dividend date was Thursday, April 29th. This represents a $1.00 dividend on an annualized basis and a yield of 7.72%. Stellus Capital Investment’s dividend payout ratio (DPR) is presently 81.30%.

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 prefers to invest in US and Canada.

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