Analysts expect Stellus Capital Investment Corp (NYSE:SCM) to announce sales of $14.02 million for the current quarter, according to Zacks Investment Research. Three analysts have issued estimates for Stellus Capital Investment’s earnings. The highest sales estimate is $14.28 million and the lowest is $13.65 million. Stellus Capital Investment reported sales of $9.41 million during the same quarter last year, which indicates a positive year over year growth rate of 49%. The business is expected to issue its next quarterly earnings report on Tuesday, March 5th.
On average, analysts expect that Stellus Capital Investment will report full year sales of $50.52 million for the current financial year, with estimates ranging from $47.60 million to $52.30 million. For the next fiscal year, analysts expect that the firm will post sales of $59.83 million, with estimates ranging from $57.11 million to $62.79 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that that provide coverage for Stellus Capital Investment.
Stellus Capital Investment (NYSE:SCM) last announced its quarterly earnings data on Wednesday, November 7th. The investment management company reported $0.35 EPS for the quarter, topping the Zacks’ consensus estimate of $0.34 by $0.01. The business had revenue of $14.49 million for the quarter, compared to analyst estimates of $13.58 million. Stellus Capital Investment had a net margin of 60.59% and a return on equity of 8.59%.
Shares of SCM stock opened at $13.41 on Wednesday. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.40 and a current ratio of 0.40. The firm has a market capitalization of $217.13 million, a PE ratio of 11.08 and a beta of 0.69. Stellus Capital Investment has a 12 month low of $11.07 and a 12 month high of $14.10.
The company also recently announced a monthly dividend, which will be paid on Tuesday, January 15th. Investors of record on Monday, December 31st will be issued a dividend of $0.1133 per share. The ex-dividend date is Friday, December 28th. This represents a $1.36 dividend on an annualized basis and a yield of 10.14%. Stellus Capital Investment’s payout ratio is 112.40%.
In other news, insider Robert T. Ladd bought 6,500 shares of the stock in a transaction that occurred on Monday, November 12th. The shares were acquired at an average cost of $12.87 per share, for a total transaction of $83,655.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 5.40% of the stock is currently owned by insiders.
A hedge fund recently bought a new stake in Stellus Capital Investment stock. Stephens Inc. AR bought a new position in shares of Stellus Capital Investment Corp (NYSE:SCM) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 20,085 shares of the investment management company’s stock, valued at approximately $257,000. Stephens Inc. AR owned about 0.13% of Stellus Capital Investment at the end of the most recent quarter. 22.63% of the stock is currently owned by institutional investors.
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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