Brokerages expect that Stellus Capital Investment Corp (NYSE:SCM) will announce $0.37 earnings per share (EPS) for the current quarter, Zacks reports. Three analysts have made estimates for Stellus Capital Investment’s earnings. Stellus Capital Investment posted earnings per share of $0.28 in the same quarter last year, which indicates a positive year over year growth rate of 32.1%. The firm is expected to report its next earnings results on Tuesday, March 5th.
On average, analysts expect that Stellus Capital Investment will report full year earnings of $1.29 per share for the current year, with EPS estimates ranging from $1.28 to $1.30. For the next fiscal year, analysts forecast that the firm will report earnings of $1.51 per share, with EPS estimates ranging from $1.40 to $1.57. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research firms that cover Stellus Capital Investment.
Stellus Capital Investment (NYSE:SCM) last announced its quarterly earnings results on Wednesday, November 7th. The investment management company reported $0.35 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.34 by $0.01. Stellus Capital Investment had a net margin of 60.59% and a return on equity of 8.59%. The firm had revenue of $14.49 million for the quarter, compared to analyst estimates of $13.58 million.
In other Stellus Capital Investment news, insider Robert T. Ladd acquired 6,500 shares of the business’s stock in a transaction dated Monday, November 12th. The shares were acquired at an average price of $12.87 per share, with a total value of $83,655.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 5.40% of the company’s stock.
A hedge fund recently bought a new stake in Stellus Capital Investment stock. Freestone Capital Holdings LLC purchased a new position in shares of Stellus Capital Investment Corp (NYSE:SCM) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 316,044 shares of the investment management company’s stock, valued at approximately $4,311,000. Freestone Capital Holdings LLC owned approximately 1.98% of Stellus Capital Investment at the end of the most recent quarter. Institutional investors and hedge funds own 22.63% of the company’s stock.
Shares of SCM opened at $13.41 on Monday. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.40 and a current ratio of 0.40. Stellus Capital Investment has a twelve month low of $11.07 and a twelve month high of $14.10. The company has a market capitalization of $217.13 million, a price-to-earnings ratio of 11.08 and a beta of 0.69.
The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, January 15th. Stockholders of record on Monday, December 31st will be given a $0.1133 dividend. This represents a $1.36 dividend on an annualized basis and a dividend yield of 10.14%. The ex-dividend date is Friday, December 28th. Stellus Capital Investment’s dividend payout ratio is presently 112.40%.
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.
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