Stellus Capital Investment (NYSE:SCM) Posts Earnings Results, Misses Expectations By $0.02 EPS

Stellus Capital Investment (NYSE:SCM – Get Rating) posted its earnings results on Wednesday. The investment management company reported $0.28 earnings per share for the quarter, missing the consensus estimate of $0.30 by ($0.02), Fidelity Earnings reports. Stellus Capital Investment had a return on equity of 8.67% and a net margin of 51.94%. During the same period in the prior year, the business earned $0.28 EPS.

NYSE SCM opened at $12.68 on Friday. Stellus Capital Investment has a 52 week low of $12.10 and a 52 week high of $14.74. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.27 and a current ratio of 0.27. The stock’s 50 day moving average price is $13.75 and its two-hundred day moving average price is $13.61. The stock has a market capitalization of $253.35 million, a price-to-earnings ratio of 7.25 and a beta of 1.16.

The company also recently announced a monthly dividend, which will be paid on Friday, July 15th. Investors of record on Thursday, June 30th will be given a $0.0933 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 8.83%. The ex-dividend date of this dividend is Wednesday, June 29th. Stellus Capital Investment’s dividend payout ratio is presently 64.00%.

Several institutional investors and hedge funds have recently modified their holdings of SCM. BlackRock Inc. raised its holdings in shares of Stellus Capital Investment by 2.3% in the fourth quarter. BlackRock Inc. now owns 135,956 shares of the investment management company’s stock valued at $1,770,000 after purchasing an additional 3,046 shares during the last quarter. Marshall Wace LLP bought a new position in Stellus Capital Investment in the fourth quarter valued at $500,000. Morgan Stanley increased its stake in Stellus Capital Investment by 5.5% in the 1st quarter. Morgan Stanley now owns 27,491 shares of the investment management company’s stock valued at $349,000 after buying an additional 1,425 shares during the last quarter. Raymond James Financial Services Advisors Inc. lifted its position in Stellus Capital Investment by 47.5% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 27,279 shares of the investment management company’s stock worth $379,000 after buying an additional 8,784 shares in the last quarter. Finally, LPL Financial LLC boosted its stake in shares of Stellus Capital Investment by 7.1% during the 4th quarter. LPL Financial LLC now owns 12,600 shares of the investment management company’s stock worth $164,000 after buying an additional 831 shares during the last quarter. 16.41% of the stock is owned by institutional investors.

Several equities analysts have recently weighed in on the company. Zacks Investment Research cut Stellus Capital Investment from a “buy” rating to a “hold” rating in a report on Wednesday, May 4th. Hovde Group cut shares of Stellus Capital Investment from an “outperform” rating to a “market perform” rating in a report on Wednesday, March 23rd. Finally, StockNews.com started coverage on shares of Stellus Capital Investment in a research report on Thursday, March 31st. They set a “hold” rating for the company. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, Stellus Capital Investment presently has a consensus rating of “Hold” and a consensus price target of $15.17.

Stellus Capital Investment Company Profile (Get Rating)

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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